New listing
20
$699,000
36 Highland Ave
Madison, NJ 07940
3 bd1 ba
House8,712 sqft lot
Est. $780K
More about this property
Madison, NJ Housing Market & Real Estate
Seller's market+21.0% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Madison, NJ is $865,000, up 21.0% year-over-year. Homes sell in an average of 36 days with 30 active listings. The market is currently a seller's market.
$865,000median sale price
Is Madison a buyer's or seller's market?
Seller's market2.1 months of supply36 avg. days on market
Madison, NJ is currently a seller's market, based on 2.1 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
36
Average pace
Active listings
30
2.1 months supply
Sale-to-list
99.3%
Below asking
Madison, NJ market data
| Metric | Value |
|---|---|
| Median sale price | $865,000 |
| Median list price | $900,000 |
| Year-over-year price change | +21.0% |
| Average days on market | 36 days |
| Active inventory | 30 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Madison housing market is currently classified as a seller's market with a median sale price of $865,000. Prices have risen 21.0% compared to last year, with homes spending an average of 36 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Madison
There are currently 30 homes listed for sale in Madison, New Jersey. The median listing price is $900K. 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
More about this property
32
$899,000
9 Klara Ct
Madison, NJ 07940
3 bd3 ba
Townhouse2,614 sqft lot
Est. $1.1MSold 2001 for $440K
Michelle Pais · SIGNATURE REALTY NJ
More about this property
New listing
39
$899,000
210 Kings Rd
Madison, NJ 07940
4 bd3 ba
House9,583 sqft lot
Est. $777KSold 2019 for $579K
More about this property
21
$1,149,000
108 Greenwood Ave
Madison, NJ 07940
4 bd3 ba
House13,504 sqft lot
Est. $1.0MSold 2009 for $450K
Susan Oldendorp · COMPASS NEW JERSEY, LLC
More about this property
41
$1,199,000
68 Knollwood Ave
Madison, NJ 07940
5 bd4 ba
House12,197 sqft lot
Est. $1.5MSold 2014 for $570K
More about this property
44
$1,249,000
35 Knollwood Ave
Madison, NJ 07940
3 bd3 ba
House6,098 sqft lot
Est. $1.2MSold 1987 for $268K
More about this property
35
$1,250,000
6 Myrtle Ave
Madison, NJ 07940
5 bd3 ba
House8,712 sqft lot
Est. $1.1MSold 2015 for $775K
More about this property
New listing
14
$1,600,000
132 Park Ave
Madison, NJ 07940
5 bd4 ba
Multi-family14,810 sqft lot
Est. $1.2MSold 2008 for $420K
Abdelwaheed Albukhari · TOP VALUE REALTY
More about this property
48
$2,349,000
31 Garfield Ave
Madison, NJ 07940
6 bd5 ba
House24,829 sqft lot
Est. $2.2MSold 2000 for $830K
More about this property
25
$2,750,000
70 Samson Ave
Madison, NJ 07940
6 bd5 ba
House17,424 sqft lot
Est. $2.4MSold 2022 for $2.5M
More about this property
New listing
48
$4,699,000
58 Midwood Ter
Madison, NJ 07940
7 bd8 ba
House31,799 sqft lot
More about this property
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Active listings
30
Homes on market
Median list price
$900K
Avg. days on market
36
Days until sale
New this week
22
Newly listed
Price drops:10.0%of listings
Sale-to-list:99.3%
Top public schools in 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.
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Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $865,000, up 21.0% from last year.
How long do homes stay on market in Madison?
Homes typically spend 36 days on market before going under contract.
Is Madison a buyer's or seller's market?
With 2.1 months of supply, Madison is currently a seller's market.
How many homes are for sale in Madison?
There are currently 30 homes listed for sale in Madison, NJ.
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