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Featured local agent — Cedar Knolls, NJ
Sarah Mitchell
Compass Real Estate · Cedar Knolls, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cedar Knolls, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$775,000median sale price
How is the Cedar Knolls, NJ housing market right now?
The median home sale price in Cedar Knolls, NJ is $775,000, down 41.9% year-over-year. Homes sell in an average of 30 days with 2 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cedar Knolls a buyer's or seller's market?
Cedar Knolls, NJ is currently a strong seller's market, based on 0.7 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
30
Average pace
Active listings
2
0.7 months supply
Sale-to-list
104.6%
Above asking
What does the Cedar Knolls housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $775,000 |
| Median list price | $615,000 |
| Year-over-year price change | -41.9% |
| Average days on market | 30 days |
| Active inventory | 2 listings |
| Months of supply | 0.7 months |
| Sale-to-list price ratio | 104.6% |
| Median price per sq ft | $431/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cedar Knolls by property type?
How the Cedar Knolls, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $656,000 | $431/sq ft | 2 | 19 days |
| Condo / Co-op | $430,000 | — | 1 | 41 days |
Source: Redfin · Updated monthly
The Cedar Knolls housing market is currently classified as a strong seller's market with a median sale price of $775,000. Prices have fallen 41.9% compared to last year, with homes spending an average of 30 days on market, indicating 0.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Cedar Knolls
There are currently 2 homes listed for sale in Cedar Knolls, New Jersey. The median listing price is $615K.
Active listings
2
Homes on market
Median list price
$615K
Avg. days on market
30
Days until sale
New this week
2
Newly listed
Who lives in Cedar Knolls?
Population
4,754
Median income
$166,077/yr
Median age
41 years
Owner-occupied
60.8%
College grads
55.8%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cedar Knolls?
Zillow rent index
$3,449/mo
Source: Zillow Research
What is it like to live in Cedar Knolls?
Cedar Knolls is a community of approximately 5K residents with a median age of 41 years.The median household income is $166,077, which reflects a relatively affluent area with strong earning potential. 55.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.8%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cedar Knolls offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cedar Knolls, NJ?
Want a head-to-head view? Compare Cedar Knolls side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cedar Knolls?
The median home sale price in Cedar Knolls is $775,000, down 41.9% from last year.
How long do homes stay on market in Cedar Knolls?
Homes typically spend 30 days on market before going under contract.
What is the median income in Cedar Knolls?
The median household income is $166,077 per year.
Is Cedar Knolls a buyer's or seller's market?
With 0.7 months of supply, Cedar Knolls is currently a strong seller's market.
What is the median condo price in Cedar Knolls?
The median condo/co-op sale price in Cedar Knolls, NJ is $430,000, compared to $656,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cedar Knolls?
The median single-family home price in Cedar Knolls, NJ is $656,000 (about $431 per square foot).
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