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Featured local agent — Far Hills, NJ
Sarah Mitchell
Compass Real Estate · Far Hills, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Far Hills, NJ Housing Market
The typical home in Far Hills, NJ is worth $1.44M, rose 4.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $758,750 (through May 2026). With 1.0 months of supply and homes going under contract in about 93 days, Far Hills is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.44M home is about $7,711/mo in principal and interest.
Key numbers for Far Hills, NJ
Typical home value
$1.44M
+4.8% in 12 months
Zillow, August 2026
Median sale price
$758,750
Last published period
Redfin, through April 2026
Days on market
93
Slow-moving
Redfin, through April 2026
Active listings
2
1.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$152,188
Home costs 9.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.6%
Selling above asking
Redfin, through April 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Far Hills a buyer's or seller's market?
Far Hills, NJ is a seller's market, based on 1.0 months of supply and homes selling in about 93 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Far Hills housing market data show?
Every row below is Redfin's final published month for Far Hills, NJ. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $758,750 |
| Median list price | $749,900 |
| Median price per sq ft | $355/sq ft |
| Median days on market | 93 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 101.6% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Far Hills is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Far Hills is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Far Hills home prices moved?
Over the last three years the median sale price in Far Hills, NJ fell 1.4%, from $769,900 to $758,750. The live Zillow value series has rose 4.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 101.6%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Far Hills?
Priced off the typical home value of $1.44M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $288,877 | $1.16M | $7,711/mo |
| 5% | $72,219 | $1.37M | $9,157/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $7,711, that implies roughly $330,468 a year before you add taxes and insurance. The median household in Far Hills earns $152,188, about $178,280 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 9.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Far Hills in the next 12 months?
Tell us your timeline. We send the Far Hills market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Far Hills?
Zillow does not publish a rent index (ZORI) for Far Hills, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Far Hills?
Active listings in Far Hills, NJ went from 5 in December 2024 to 2 in April 2026, a -60.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2025 | 4 | 1 |
| February 2025 | 4 | 1 |
| March 2025 | 5 | 2 |
| June 2025 | 4 | not published |
| July 2025 | 4 | 2 |
| August 2025 | 4 | 1 |
| November 2025 | 5 | not published |
| December 2025 | 4 | not published |
| January 2026 | 3 | 1 |
| February 2026 | 3 | 3 |
| March 2026 | 2 | not published |
| April 2026 | 2 | 1 |
Redfin, through April 2026
How does Far Hills compare to New Jersey and the U.S.?
Far Hills homes sell for $758,750 — 31% above the New Jersey median of $579,900. Against the national median of $410,700, Far Hills runs 85% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Far Hills, NJ | $758,750 | not published | 93 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Far Hills
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $1,446 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.44M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Far Hills listing goes under contract in 93 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Far Hills added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Far Hills varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Far Hills
There are currently 2 homes listed for sale in Far Hills, New Jersey. The median listing price is $750K.
Active listings
2
Homes on market
Median list price
$750K
Avg. days on market
93
Days until sale
New this week
1
Newly listed
How much do homes cost in Far Hills by property type?
How the Far Hills, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $758,750 | $355/sq ft | 2 | 93 days |
| Condo / co-op | $785,000 | $351/sq ft | 1 | 20 days |
Who lives in Far Hills?
American Community Survey estimates for Far Hills. U.S. Census ACS, 2023
Population
1,004
Households
417
Median income
$152,188/yr
Median age
49.7 years
Owner-occupied
82.7%
Median home value
$798,900
Median gross rent
$1,495/mo
Mean commute
32.7 min
82.7% of occupied homes in Far Hills are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $798,900 against Zillow's $1.44M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Far Hills, NJ?
Ordered by distance from Far Hills, not by size. Compare Far Hills side by side with any of them.
Far Hills housing market FAQ
Is Far Hills a buyer's or seller's market?
Far Hills, NJ is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 93 days, and sellers getting 101.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Far Hills?
The typical home in Far Hills, NJ is worth $1.44M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $758,750, about $355 per square foot.
Is Far Hills cheaper than the rest of New Jersey?
Far Hills's median sale price of $758,750 is 31% higher than the New Jersey statewide median of $579,900, and 85% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Far Hills?
Homes in Far Hills, NJ spent a median of 93 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Far Hills?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.44M home is about $7,711 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $330,468 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $152,188.
Are home prices rising in Far Hills?
The typical home value in Far Hills, NJ rose 4.8% over the last 12 months, from $1.38M to $1.44M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Far Hills?
Far Hills ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Far Hills?
That depends on your timeline, not on a headline. What the data says today: Far Hills, NJ is a seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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