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WHIPPANY, NJ 07981

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

Market Analysis

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

The WHIPPANY, NJ real estate market (07981) currently shows 12 active listings, with 5 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 23 days on market compared to 36 days last year.

The median listing price has risen 5.4% year-over-year, from $700,000 to $737,500.

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Market Context

Market Context

Population: 8,938  ·  Density: 572.5/mi²  ·  Median household income: $144,573

Typical home value: $603,940  ·  Homeownership: 89.2%

Market Overview

Active Listings
12
⇩ 55.6% vs 27 last year
Pending
5
42% pending ratio
Median Price
$737,500
⇧ 5.4% vs $700,000 last year
Average Price
$823,885
⇧ 4.5% vs $788,352 last year
Days on Market
23
⇩ 36.1% vs 36 days last year

Price Per Square Foot

Median $/sqft
$390
⇧ 11.1% vs $351/sqft last year
Median Home Size
2,587 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 27 last year
  • Days on market: 23 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $737,500 (+5.4% YoY)
  • Average: $823,885 (+4.5% 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 8.1 miles — 298 listings ($472,605,139 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07981Whippany, NJ 079810.0 mi8$7,213,920$859,000$901,740
07054Parsippany, NJ 070542.4 mi25$19,118,850$717,750$764,754
07932Florham Park, NJ 079323.5 mi16$28,143,552$1,873,500$1,758,972
07034Lake Hiawatha, NJ 070344.4 mi13$7,296,302$505,750$561,254
07878Mount Tabor, NJ 078784.5 mi2$1,172,000$586,000$586,000
07960Morristown, NJ 079604.9 mi58$77,481,156$950,000$1,335,882
07039Livingston, NJ 070395.5 mi53$102,824,134$1,844,750$1,940,078
07068Roseland, NJ 070685.8 mi17$17,057,800$844,500$1,003,400
07045Montville, NJ 070456.4 mi13$12,653,550$724,450$973,350
07005Boonton, NJ 070057.2 mi28$29,902,628$789,000$1,067,951
07004Fairfield, NJ 070047.3 mi5$5,028,815$874,250$1,005,763
07078Short Hills, NJ 070787.4 mi32$119,679,584$3,837,500$3,739,987
07901Summit, NJ 079018.1 mi28$45,032,848$1,431,250$1,608,316

Frequently Asked Questions

How many homes are for sale in WHIPPANY, NJ 07981?

As of September 2026, there are 12 active listings in WHIPPANY, NJ (zip code 07981), compared to 27 the prior year.

What is the median home price in WHIPPANY, NJ 07981?

The median listing price in WHIPPANY, NJ 07981 is $737,500 as of September 2026, a 5.4% increase from $700,000 the prior year.

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

Homes in WHIPPANY, NJ 07981 spend an average of 23 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 WHIPPANY, NJ 07981?

Based on current inventory and days-on-market data as of September 2026, WHIPPANY, NJ 07981 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 23 days on market compared to 36 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WHIPPANY, NJ 07981 save an estimated $14,750 compared to a typical 5% commission on the median listing price of $737,500. 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.