New Listing
20
$699,000
36 Highland Ave
Madison, NJ 07940
3 bd1 ba
House8,712 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Madison, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Madison, NJ(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Madison, NJ Housing Market & Real Estate
Strong seller's market+26.2% YoY
Housing market overview · Updated monthly ·
$1.27Mmedian sale price
How is the Madison, NJ housing market right now?
The median home sale price in Madison, NJ is $1.27M, up 26.2% year-over-year. Homes sell in an average of 19 days with 40 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 Madison a buyer's or seller's market?
Strong seller's market1.7 months of supply19 avg. days on market
Madison, NJ is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
19
Fast-moving
Active listings
40
1.7 months supply
Sale-to-list
108.1%
Above asking
What does the Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.27M |
| Median list price | $949,000 |
| Year-over-year price change | +26.2% |
| Average days on market | 19 days |
| Active inventory | 40 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 108.1% |
| Median price per sq ft | $509/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 28 |
| Listings with a price cut | 17.5% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Madison by property type?
How the Madison, 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 | $1.35M | $536/sq ft | 22 | 18 days |
| Condo / Co-op | $1.23M | $474/sq ft | 1 | 997 days |
Source: Redfin · Updated monthly
The Madison housing market is currently classified as a strong seller's market with a median sale price of $1.27M. Prices have risen 26.2% compared to last year, with homes spending an average of 19 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Madison
There are currently 40 homes listed for sale in Madison, New Jersey. The median listing price is $949K. Featured listings range from $699,000 to $4,699,000.
New Listing
30
$829,000
77 Derby Ct
Madison, NJ 07940
3 bd3 ba
Condo1,307 sqft lot
View photos & details
32
$899,000
9 Klara Ct
Madison, NJ 07940
3 bd3 ba
Townhouse2,614 sqft lot
Michelle Pais · SIGNATURE REALTY NJ
View photos & details
New Listing
39
$899,000
210 Kings Rd
Madison, NJ 07940
4 bd3 ba
House9,583 sqft lot
View photos & details
21
$1,149,000
108 Greenwood Ave
Madison, NJ 07940
4 bd3 ba
House13,504 sqft lot
Susan Oldendorp · COMPASS NEW JERSEY, LLC
View photos & details
41
$1,199,000
68 Knollwood Ave
Madison, NJ 07940
5 bd4 ba
House12,197 sqft lot
View photos & details
44
$1,249,000
35 Knollwood Ave
Madison, NJ 07940
3 bd3 ba
House6,098 sqft lot
View photos & details
35
$1,250,000
6 Myrtle Ave
Madison, NJ 07940
5 bd3 ba
House8,712 sqft lot
View photos & details
New Listing
14
$1,600,000
132 Park Ave
Madison, NJ 07940
5 bd4 ba
Multi-family14,810 sqft lot
Abdelwaheed Albukhari · TOP VALUE REALTY
View photos & details
48
$2,349,000
31 Garfield Ave
Madison, NJ 07940
6 bd5 ba
House24,829 sqft lot
View photos & details
25
$2,750,000
70 Samson Ave
Madison, NJ 07940
6 bd5 ba
House17,424 sqft lot
View photos & details
New Listing
48
$4,699,000
58 Midwood Ter
Madison, NJ 07940
7 bd8 ba
House31,799 sqft lot
View photos & details
Looking to buy in Madison?
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Active listings
40
Homes on market
Median list price
$949K
Avg. days on market
19
Days until sale
New this week
28
Newly listed
Price drops:17.5%of listings
Sale-to-list:108.1%
Who lives in Madison?
Population
16,464
Median income
$168,469/yr
Median age
39 years
Owner-occupied
64.2%
College grads
70.7%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison?
Zillow home value
$1.05M
Zillow rent index
$3,354/mo
Price-to-rent ratio
26.0x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Madison?
Madison is a community of approximately 16K residents with a median age of 39 years.The median household income is $168,469, which reflects a relatively affluent area with strong earning potential. 70.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.2%, showing a blend of owner and renter-occupied properties. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madison?
5 schools tracked · 2,466 students
The largest public schools serving Madison, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Madison High School
Grades 9-12 · 816 students
Madison Junior School
Grades 6-8 · 557 students
Central Avenue School
Grades PK-5 · 498 students
Torey J. Sabatini School
Grades K-5 · 303 students
Kings Road School
Grades K-5 · 292 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madison, NJ?
Want a head-to-head view? Compare Madison side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Madison?
Is Madison a good real estate investment market?
For investors evaluating Madison, the price-to-rent ratio of 26.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 26.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Madison's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Madison's median home price.
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $1.27M, up 26.2% from last year.
How long do homes stay on market in Madison?
Homes typically spend 19 days on market before going under contract.
What is the median income in Madison?
The median household income is $168,469 per year.
Is Madison a buyer's or seller's market?
With 1.7 months of supply, Madison is currently a strong seller's market.
How many homes are for sale in Madison?
There are currently 40 homes listed for sale in Madison, NJ.
What is the Zillow home value estimate for Madison?
The Zillow Home Value Index (ZHVI) for Madison is $1.05M, representing the typical home value in the area.
What is the median condo price in Madison?
The median condo/co-op sale price in Madison, NJ is $1.23M, compared to $1.35M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Madison?
The median single-family home price in Madison, NJ is $1.35M (about $536 per square foot).
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