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Benders Corner Murray Hill

NEW PROVIDENCE, NJ 07974

Real Estate Market Report  ·  Union County
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07974

Benders Corner · Murray Hill

Market Analysis

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

The NEW PROVIDENCE, NJ real estate market (07974) currently shows 24 active listings, with 14 pending sales. Homes are averaging 18 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 18 days on market compared to 36 days last year.

The median listing price has fallen 11.5% year-over-year, from $1,299,500 to $1,150,000.

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Market Context

Market Context

Population: 12,911  ·  Density: 1,256.1/mi²  ·  Median household income: $170,386

Typical home value: $698,241  ·  Homeownership: 84.8%

Market Overview

Active Listings
24
⇩ 14.3% vs 28 last year
Pending
14
58% pending ratio
Median Price
$1,150,000
⇩ 11.5% vs $1,299,500 last year
Average Price
$1,185,254
⇩ 0.4% vs $1,189,853 last year
Days on Market
18
⇩ 50% vs 36 days last year

Price Per Square Foot

Median $/sqft
$320
⇩ 16% vs $381/sqft last year
Median Home Size
4,371 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 24 this year vs 28 last year
  • Days on market: 18 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $1,150,000 (-11.5% YoY)
  • Average: $1,185,254 (-0.4% 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 6.4 miles — 332 listings ($475,938,844 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07974New Providence, NJ 079740.0 mi18$24,046,020$1,450,000$1,335,890
07928Chatham, NJ 079282.1 mi39$84,926,205$1,916,000$2,177,595
07092Mountainside, NJ 070922.5 mi11$12,723,337$1,075,500$1,156,667
07935Green Village, NJ 079353.8 mi1$2,300,000$2,300,000$2,300,000
07081Springfield, NJ 070814.1 mi24$13,936,152$652,200$580,673
07976New Vernon, NJ 079764.4 mi3$16,466,250$5,813,250$5,488,750
07090Westfield, NJ 070904.4 mi43$63,194,477$1,274,470$1,469,639
07076Scotch Plains, NJ 070764.7 mi49$50,033,949$980,356$1,021,101
07078Short Hills, NJ 070785.0 mi32$119,679,584$3,837,500$3,739,987
07932Florham Park, NJ 079325.5 mi16$28,143,552$1,873,500$1,758,972
07060Plainfield, NJ 070605.7 mi62$32,140,118$489,500$518,389
07016Cranford, NJ 070165.9 mi27$25,139,700$777,000$931,100
07088Vauxhall, NJ 070886.4 mi7$3,209,500$424,500$458,500

Frequently Asked Questions

How many homes are for sale in NEW PROVIDENCE, NJ 07974?

As of September 2026, there are 24 active listings in NEW PROVIDENCE, NJ (zip code 07974), compared to 28 the prior year.

What is the median home price in NEW PROVIDENCE, NJ 07974?

The median listing price in NEW PROVIDENCE, NJ 07974 is $1,150,000 as of September 2026, a 11.5% decrease from $1,299,500 the prior year.

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

Homes in NEW PROVIDENCE, NJ 07974 spend an average of 18 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in NEW PROVIDENCE, NJ 07974?

Based on current inventory and days-on-market data as of September 2026, NEW PROVIDENCE, NJ 07974 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 18 days on market compared to 36 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW PROVIDENCE, NJ 07974 save an estimated $23,000 compared to a typical 5% commission on the median listing price of $1,150,000. 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.