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Benders Corner Murray Hill

NEW PROVIDENCE, NJ 07974

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07974

Benders Corner · Murray Hill

Market Analysis

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

The NEW PROVIDENCE, NJ real estate market (07974) currently shows 23 active listings, with 12 pending sales. Homes are averaging 12 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 12 days on market compared to 18 days last year.

The median listing price has risen 48.4% year-over-year, from $775,000 to $1,150,000.

Whether you are buying or selling in NEW PROVIDENCE, 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: 12,911  ·  Density: 1,256.1/mi²  ·  Median household income: $170,386

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

Market Overview

Active Listings
23
⇧ 53.3% vs 15 last year
Pending
12
52% pending ratio
Median Price
$1,150,000
⇧ 48.4% vs $775,000 last year
Average Price
$1,159,157
⇧ 22.3% vs $947,740 last year
Days on Market
12
⇩ 33.3% vs 18 days last year

Price Per Square Foot

Median $/sqft
$382
⇧ 14.7% vs $333/sqft last year
Median Home Size
3,221 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 15 last year
  • Days on market: 12 now vs 18 last year

Median & Average Pricing

Year over Year
  • Median: $1,150,000 (+48.4% YoY)
  • Average: $1,159,157 (+22.3% 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 March 2026, there are 23 active listings in NEW PROVIDENCE, NJ (zip code 07974), compared to 15 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 March 2026, a 48.4% increase from $775,000 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 12 days on the market before going under contract, compared to 18 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 March 2026, NEW PROVIDENCE, NJ 07974 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 12 days on market compared to 18 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.