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PEAPACK, NJ 07977

Real Estate Market Report  ·  Somerset County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
4
80% pending ratio
Median Price
$4,100,000
⇧ 85.3% vs $2,212,500 last year
Average Price
$4,100,000
⇧ 85.3% vs $2,212,500 last year
Days on Market
211
⇧ 224.6% vs 65 days last year

Market Context

Population: 689  ·  Density: 134.8/mi²  ·  Median household income: $0

Typical home value: $994,607  ·  Homeownership: 51.6%

Market Analysis

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

The PEAPACK, NJ real estate market (07977) currently shows 5 active listings, with 4 pending sales. Homes are averaging 211 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 211 days on market compared to 65 days last year.

The median listing price has risen 85.3% year-over-year, from $2,212,500 to $4,100,000.

Whether you are buying or selling in PEAPACK, 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: 5 this year vs 3 last year
  • Days on market: 211 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $4,100,000 (+85.3% YoY)
  • Average: $4,100,000 (+85.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.9 miles — 241 listings ($231,953,523 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07977Peapack, NJ 079770.0 mi5$20,500,000$4,100,000$4,100,000
07934Gladstone, NJ 079341.9 mi2$1,058,000$529,000$529,000
07921Bedminster, NJ 079214.0 mi16$7,646,288$430,000$477,893
08858Oldwick, NJ 088585.2 mi1$939,000$939,000$939,000
07930Chester, NJ 079305.4 mi14$17,156,888$1,125,000$1,225,492
07946Millington, NJ 079467.5 mi2$3,198,000$1,599,000$1,599,000
08807Bridgewater, NJ 088078.2 mi46$33,025,562$595,000$717,947
08876Somerville, NJ 088768.6 mi31$18,664,666$612,500$602,086
07853Long Valley, NJ 078538.9 mi19$17,803,000$899,500$937,000
08889Whitehouse Station, NJ 088899.2 mi21$17,389,050$639,900$828,050
07960Morristown, NJ 079609.4 mi58$75,179,194$899,999$1,296,193
07933Gillette, NJ 079339.6 mi9$6,587,775$599,900$731,975
07836Flanders, NJ 078369.9 mi17$12,806,100$649,999$753,300

Frequently Asked Questions

How many homes are for sale in PEAPACK, NJ 07977?

As of January 2026, there are 5 active listings in PEAPACK, NJ (zip code 07977), compared to 3 the prior year.

What is the median home price in PEAPACK, NJ 07977?

The median listing price in PEAPACK, NJ 07977 is $4,100,000 as of January 2026, a 85.3% increase from $2,212,500 the prior year.

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

Homes in PEAPACK, NJ 07977 spend an average of 211 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in PEAPACK, NJ 07977?

Based on current inventory and days-on-market data as of January 2026, PEAPACK, NJ 07977 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 211 days on market compared to 65 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEAPACK, NJ 07977 save an estimated $82,000 compared to a typical 5% commission on the median listing price of $4,100,000. 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.