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NEW VERNON, NJ 07976

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

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
2
100% pending ratio
Median Price
$7,488,000
⇧ 172.3% vs $2,750,000 last year
Average Price
$7,488,000
⇧ 90.4% vs $3,933,333 last year
Days on Market
81
⇧ 200% vs 27 days last year

Market Context

Population: 355  ·  Density: 39.5/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 55.1%

Market Analysis

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

The NEW VERNON, NJ real estate market (07976) currently shows 2 active listings, with 2 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 81 days on market compared to 27 days last year.

The median listing price has risen 172.3% year-over-year, from $2,750,000 to $7,488,000.

Whether you are buying or selling in NEW VERNON, 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: 2 this year vs 3 last year
  • Days on market: 81 now vs 27 last year

Median & Average Pricing

Year over Year
  • Median: $7,488,000 (+172.3% YoY)
  • Average: $7,488,000 (+90.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.2 miles — 207 listings ($340,947,952 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07976New Vernon, NJ 079760.0 mi2$14,976,000$7,488,000$7,488,000
07933Gillette, NJ 079332.5 mi9$6,587,775$599,900$731,975
07980Stirling, NJ 079803.6 mi3$2,315,850$771,950$771,950
07946Millington, NJ 079463.9 mi2$3,198,000$1,599,000$1,599,000
07974New Providence, NJ 079744.4 mi12$16,739,700$1,550,000$1,394,975
07920Basking Ridge, NJ 079205.1 mi34$28,075,602$518,500$825,753
07901Summit, NJ 079015.9 mi19$34,791,185$1,300,000$1,831,115
07069Watchung, NJ 070696.2 mi11$17,803,687$1,385,000$1,618,517
07059Warren, NJ 070596.9 mi42$81,682,986$1,550,000$1,944,833
07981Whippany, NJ 079817.3 mi9$7,881,003$817,000$875,667
07023Fanwood, NJ 070237.6 mi12$9,599,868$749,000$799,989
07078Short Hills, NJ 070787.9 mi26$102,261,718$3,988,000$3,933,143
07081Springfield, NJ 070818.2 mi26$15,034,578$599,000$578,253

Frequently Asked Questions

How many homes are for sale in NEW VERNON, NJ 07976?

As of January 2026, there are 2 active listings in NEW VERNON, NJ (zip code 07976), compared to 3 the prior year.

What is the median home price in NEW VERNON, NJ 07976?

The median listing price in NEW VERNON, NJ 07976 is $7,488,000 as of January 2026, a 172.3% increase from $2,750,000 the prior year.

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

Homes in NEW VERNON, NJ 07976 spend an average of 81 days on the market before going under contract, compared to 27 days the prior year.

Is it a seller's or buyer's market in NEW VERNON, NJ 07976?

Based on current inventory and days-on-market data as of January 2026, NEW VERNON, NJ 07976 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 81 days on market compared to 27 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NEW VERNON, NJ 07976 save an estimated $149,760 compared to a typical 5% commission on the median listing price of $7,488,000. 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.