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Featured local agent — Old Tappan, NJ
Sarah Mitchell
Compass Real Estate · Old Tappan, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Old Tappan, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.24Mmedian sale price
How is the Old Tappan, NJ housing market right now?
The median home sale price in Old Tappan, NJ is $1.24M, up 1.0% year-over-year. Homes sell in an average of 57 days with 24 active listings. The market is currently a buyer'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 Old Tappan a buyer's or seller's market?
Old Tappan, NJ is currently a buyer's market, based on 6.0 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
57
Average pace
Active listings
24
6.0 months supply
Sale-to-list
99.2%
Below asking
What does the Old Tappan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.24M |
| Median list price | $1.35M |
| Year-over-year price change | +1.0% |
| Average days on market | 57 days |
| Active inventory | 24 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $596/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 11 |
| Listings with a price cut | 8.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Old Tappan by property type?
How the Old Tappan, 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 | $1.42M | $652/sq ft | 2 | 129 days |
| Condo / Co-op | $799,000 | $666/sq ft | 1 | 41 days |
| Townhouse | $985,000 | $533/sq ft | 2 | 51 days |
Source: Redfin · Updated monthly
The Old Tappan housing market is currently classified as a buyer's market with a median sale price of $1.24M. Prices have risen 1.0% compared to last year, with homes spending an average of 57 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Old Tappan
There are currently 24 homes listed for sale in Old Tappan, New Jersey. The median listing price is $1.3M.
Active listings
24
Homes on market
Median list price
$1.3M
Avg. days on market
57
Days until sale
New this week
11
Newly listed
Who lives in Old Tappan?
Population
5,896
Median income
$199,250/yr
Median age
44.8 years
Owner-occupied
89.8%
College grads
76.9%
Avg commute
32.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Old Tappan?
Zillow home value
$1.26M
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Old Tappan?
Old Tappan is a community of approximately 6K residents with a median age of 44.8 years.The median household income is $199,250, which reflects a relatively affluent area with strong earning potential. 76.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Old Tappan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Old Tappan?
3 schools tracked · 1,826 students
The largest public schools serving Old Tappan, 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.
Northern Valley Regional High School at Old Tappan
Grades 9-12 · 1,068 students
T. Baldwin Demarest Elementary School
Grades PK-4 · 399 students
Charles DeWolf Middle School
Grades 5-8 · 359 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 Old Tappan, NJ?
Want a head-to-head view? Compare Old Tappan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Old Tappan?
The median home sale price in Old Tappan is $1.24M, up 1.0% from last year.
How long do homes stay on market in Old Tappan?
Homes typically spend 57 days on market before going under contract.
What is the median income in Old Tappan?
The median household income is $199,250 per year.
Is Old Tappan a buyer's or seller's market?
With 6.0 months of supply, Old Tappan is currently a buyer's market.
What is the Zillow home value estimate for Old Tappan?
The Zillow Home Value Index (ZHVI) for Old Tappan is $1.26M, representing the typical home value in the area.
What is the median condo price in Old Tappan?
The median condo/co-op sale price in Old Tappan, NJ is $799,000, compared to $1.42M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Old Tappan?
The median single-family home price in Old Tappan, NJ is $1.42M (about $652 per square foot).
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