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MENDHAM, NJ 07945

Real Estate Market Report
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The MENDHAM, NJ real estate market (07945) currently shows 42 active listings, with 17 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 33 days on market compared to 59 days last year.

The median listing price has risen 6.6% year-over-year, from $1,370,000 to $1,460,500.

Whether you are buying or selling in MENDHAM, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,698  ·  Density: 192.2/mi²  ·  Median household income: $234,150

Typical home value: $884,206  ·  Homeownership: 90.1%

Market Overview

Active Listings
42
⇩ 16% vs 50 last year
Pending
17
40% pending ratio
Median Price
$1,460,500
⇧ 6.6% vs $1,370,000 last year
Average Price
$1,846,320
⇧ 5.6% vs $1,748,313 last year
Days on Market
33
⇩ 44.1% vs 59 days last year

Price Per Square Foot

Median $/sqft
$346
⇩ 19.2% vs $428/sqft last year
Median Home Size
5,076 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 50 last year
  • Days on market: 33 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $1,460,500 (+6.6% YoY)
  • Average: $1,846,320 (+5.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.4 miles — 222 listings ($225,151,957 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07945Mendham, NJ 079450.0 mi23$47,873,718$1,271,000$2,081,466
07930Chester, NJ 079304.6 mi13$15,664,558$1,099,725$1,204,966
07960Morristown, NJ 079605.3 mi58$77,481,156$950,000$1,335,882
07876Succasunna, NJ 078765.8 mi18$10,631,520$599,950$590,640
07934Gladstone, NJ 079346.0 mi1$1,056,250$1,056,250$1,056,250
07836Flanders, NJ 078367.1 mi19$13,537,006$615,000$712,474
07847Kenvil, NJ 078477.4 mi3$2,100,000$700,000$700,000
07950Morris Plains, NJ 079507.6 mi33$18,920,814$618,700$573,358
07927Cedar Knolls, NJ 079278.1 mi5$3,792,500$758,500$758,500
07935Green Village, NJ 079358.2 mi1$2,300,000$2,300,000$2,300,000
07878Mount Tabor, NJ 078788.9 mi2$1,172,000$586,000$586,000
07933Gillette, NJ 079339.3 mi5$3,947,835$508,750$789,567
07834Denville, NJ 078349.4 mi41$26,674,600$481,975$650,600

Frequently Asked Questions

How many homes are for sale in MENDHAM, NJ 07945?

As of June 2026, there are 42 active listings in MENDHAM, NJ (zip code 07945), compared to 50 the prior year.

What is the median home price in MENDHAM, NJ 07945?

The median listing price in MENDHAM, NJ 07945 is $1,460,500 as of June 2026, a 6.6% increase from $1,370,000 the prior year.

How long do homes stay on the market in MENDHAM, NJ?

Homes in MENDHAM, NJ 07945 spend an average of 33 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in MENDHAM, NJ 07945?

Based on current inventory and days-on-market data as of June 2026, MENDHAM, NJ 07945 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 33 days on market compared to 59 days last year.

How much can I save on real estate commission in MENDHAM, NJ?

With SELL123.com's maximum 3% commission, sellers in MENDHAM, NJ 07945 save an estimated $29,210 compared to a typical 5% commission on the median listing price of $1,460,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.