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Featured local agent — Mendham, NJ
Sarah Mitchell
Compass Real Estate · Mendham, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mendham, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.32Mmedian sale price
How is the Mendham, NJ housing market right now?
The median home sale price in Mendham, NJ is $1.32M, up 64.1% year-over-year. Homes sell in an average of 12 days with 11 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 Mendham a buyer's or seller's market?
Mendham, NJ is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
12
Fast-moving
Active listings
11
1.4 months supply
Sale-to-list
114.5%
Above asking
What does the Mendham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.32M |
| Median list price | $1.15M |
| Year-over-year price change | +64.1% |
| Average days on market | 12 days |
| Active inventory | 11 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 114.5% |
| Median price per sq ft | $478/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 12 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mendham by property type?
How the Mendham, 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 | $1.32M | $478/sq ft | 8 | 12 days |
| Townhouse | $831,500 | $299/sq ft | 1 | 55 days |
Source: Redfin · Updated monthly
The Mendham housing market is currently classified as a strong seller's market with a median sale price of $1.32M. Prices have risen 64.1% compared to last year, with homes spending an average of 12 days on market, indicating 1.4 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 Mendham
There are currently 11 homes listed for sale in Mendham, New Jersey. The median listing price is $1.1M.
Active listings
11
Homes on market
Median list price
$1.1M
Avg. days on market
12
Days until sale
New this week
12
Newly listed
Who lives in Mendham?
Population
4,977
Median income
$223,750/yr
Median age
46.6 years
Owner-occupied
85.7%
College grads
79.2%
Avg commute
33.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Mendham?
Mendham is a community of approximately 5K residents with a median age of 46.6 years.The median household income is $223,750, which reflects a relatively affluent area with strong earning potential. 79.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 85.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Mendham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mendham?
3 schools tracked · 1,532 students
The largest public schools serving Mendham, 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.
West Morris Mendham High School
Grades 9-12 · 1,044 students
Hilltop School
Grades PK-4 · 270 students
Mountain View School
Grades 5-8 · 218 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 Mendham, NJ?
Want a head-to-head view? Compare Mendham side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mendham?
The median home sale price in Mendham is $1.32M, up 64.1% from last year.
How long do homes stay on market in Mendham?
Homes typically spend 12 days on market before going under contract.
What is the median income in Mendham?
The median household income is $223,750 per year.
Is Mendham a buyer's or seller's market?
With 1.4 months of supply, Mendham is currently a strong seller's market.
How much does a single-family home cost in Mendham?
The median single-family home price in Mendham, NJ is $1.32M (about $478 per square foot).
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