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Featured local agent — Menlo Park Terrace, NJ
Sarah Mitchell
Compass Real Estate · Menlo Park Terrace, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Menlo Park Terrace, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$515,000median sale price
How is the Menlo Park Terrace, NJ housing market right now?
The median home sale price in Menlo Park Terrace, NJ is $515,000, up 2.2% year-over-year. Homes sell in an average of 28 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Menlo Park Terrace a buyer's or seller's market?
Menlo Park Terrace, NJ is currently a balanced market and homes selling in about 28 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
28
Average pace
Active listings
—
Sale-to-list
103.0%
Above asking
What does the Menlo Park Terrace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Year-over-year price change | +2.2% |
| Average days on market | 28 days |
| Sale-to-list price ratio | 103.0% |
| Median price per sq ft | $257/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Menlo Park Terrace by property type?
How the Menlo Park Terrace, 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 | $515,000 | $257/sq ft | 1 | 28 days |
Source: Redfin · Updated monthly
The Menlo Park Terrace housing market is currently classified as a balanced market with a median sale price of $515,000. Prices have risen 2.2% compared to last year, with homes spending an average of 28 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Menlo Park Terrace
Explore homes currently listed for sale in Menlo Park Terrace, New Jersey across major real estate platforms.
Who lives in Menlo Park Terrace?
Population
2,952
Median income
$111,111/yr
Median age
40.1 years
Owner-occupied
89.9%
College grads
37.8%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Menlo Park Terrace?
Menlo Park Terrace is a community of approximately 3K residents with a median age of 40.1 years.The median household income is $111,111, which reflects a relatively affluent area with strong earning potential. 37.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Menlo Park Terrace offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Menlo Park Terrace, NJ?
Want a head-to-head view? Compare Menlo Park Terrace side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Menlo Park Terrace?
The median home sale price in Menlo Park Terrace is $515,000, up 2.2% from last year.
How long do homes stay on market in Menlo Park Terrace?
Homes typically spend 28 days on market before going under contract.
What is the median income in Menlo Park Terrace?
The median household income is $111,111 per year.
How much does a single-family home cost in Menlo Park Terrace?
The median single-family home price in Menlo Park Terrace, NJ is $515,000 (about $257 per square foot).
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