Call or Text (240) SELL-123

NEW PROVIDENCE, NJ 07974

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

Market Overview

Active Listings
12
vs 12 last year
Pending
7
58% pending ratio
Median Price
$1,550,000
⇧ 107.8% vs $745,975 last year
Average Price
$1,394,975
⇧ 56.2% vs $893,167 last year
Days on Market
55
vs 55 days last year

Market Context

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

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

Market Analysis

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

The NEW PROVIDENCE, NJ real estate market (07974) currently shows 12 active listings, with 7 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

The median listing price has risen 107.8% year-over-year, from $745,975 to $1,550,000.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEW PROVIDENCE, NJ 07974 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 55 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $1,550,000 (+107.8% YoY)
  • Average: $1,394,975 (+56.2% 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 6.4 miles — 283 listings ($376,176,566 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07974New Providence, NJ 079740.0 mi12$16,739,700$1,550,000$1,394,975
07928Chatham, NJ 079282.1 mi22$45,096,348$1,895,000$2,049,834
07092Mountainside, NJ 070922.5 mi10$10,106,040$999,000$1,010,604
07935Green Village, NJ 079353.8 mi1$2,550,000$2,550,000$2,550,000
07081Springfield, NJ 070814.1 mi26$15,034,578$599,000$578,253
07976New Vernon, NJ 079764.4 mi2$14,976,000$7,488,000$7,488,000
07090Westfield, NJ 070904.4 mi31$39,987,954$1,223,940$1,289,934
07076Scotch Plains, NJ 070764.7 mi43$46,270,967$923,750$1,076,069
07078Short Hills, NJ 070785.0 mi26$102,261,718$3,988,000$3,933,143
07932Florham Park, NJ 079325.5 mi20$35,165,460$1,300,000$1,758,273
07060Plainfield, NJ 070605.7 mi56$26,697,104$484,500$476,734
07016Cranford, NJ 070165.9 mi27$17,990,316$639,500$666,308
07088Vauxhall, NJ 070886.4 mi7$3,300,381$422,500$471,483

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in NEW PROVIDENCE, NJ (zip code 07974), compared to 12 the prior year.

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

The median listing price in NEW PROVIDENCE, NJ 07974 is $1,550,000 as of January 2026, a 107.8% increase from $745,975 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 55 days on the market before going under contract, compared to 55 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 January 2026, NEW PROVIDENCE, NJ 07974 is currently a Balanced Market. Inventory levels are unchanged compared to 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 $31,000 compared to a typical 5% commission on the median listing price of $1,550,000. 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.