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MENDHAM, NJ 07945

Real Estate Market Report  ·  Morris County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
21
⇩ 41.7% vs 36 last year
Pending
7
33% pending ratio
Median Price
$1,449,500
⇧ 6.5% vs $1,361,582 last year
Average Price
$2,159,393
⇧ 24.5% vs $1,734,288 last year
Days on Market
106
⇧ 16.5% vs 91 days last year

Market Context

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

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

Market Analysis

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

The MENDHAM, NJ real estate market (07945) currently shows 21 active listings, with 7 pending sales. Homes are averaging 106 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 106 days on market compared to 91 days last year.

The median listing price has risen 6.5% year-over-year, from $1,361,582 to $1,449,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 36 last year
  • Days on market: 106 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $1,449,500 (+6.5% YoY)
  • Average: $2,159,393 (+24.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.4 miles — 226 listings ($230,915,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07945Mendham, NJ 079450.0 mi21$45,347,253$1,449,500$2,159,393
07930Chester, NJ 079304.6 mi14$17,156,888$1,125,000$1,225,492
07960Morristown, NJ 079605.3 mi58$75,179,194$899,999$1,296,193
07876Succasunna, NJ 078765.8 mi15$9,448,500$599,999$629,900
07934Gladstone, NJ 079346.0 mi2$1,058,000$529,000$529,000
07836Flanders, NJ 078367.1 mi17$12,806,100$649,999$753,300
07847Kenvil, NJ 078477.4 mi6$3,674,850$612,475$612,475
07950Morris Plains, NJ 079507.6 mi31$17,190,616$615,450$554,536
07927Cedar Knolls, NJ 079278.1 mi5$3,634,700$726,940$726,940
07935Green Village, NJ 079358.2 mi1$2,550,000$2,550,000$2,550,000
07878Mount Tabor, NJ 078788.9 mi6$2,608,500$434,750$434,750
07933Gillette, NJ 079339.3 mi9$6,587,775$599,900$731,975
07834Denville, NJ 078349.4 mi41$33,673,300$702,000$821,300

Frequently Asked Questions

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

As of January 2026, there are 21 active listings in MENDHAM, NJ (zip code 07945), compared to 36 the prior year.

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

The median listing price in MENDHAM, NJ 07945 is $1,449,500 as of January 2026, a 6.5% increase from $1,361,582 the prior year.

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

Homes in MENDHAM, NJ 07945 spend an average of 106 days on the market before going under contract, compared to 91 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 January 2026, MENDHAM, NJ 07945 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 106 days on market compared to 91 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 $28,990 compared to a typical 5% commission on the median listing price of $1,449,500. 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.