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Featured local agent — Short Hills, NJ
Sarah Mitchell
Compass Real Estate · Short Hills, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Short Hills, NJ Housing Market
The typical home in Short Hills, NJ is worth $2.39M, rose 5.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $2.20M, -3.3% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 10 days, Short Hills is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $2.39M home is about $12,746/mo in principal and interest.
Key numbers for Short Hills, NJ
Typical home value
$2.39M
+5.7% in 12 months
Zillow, August 2026
Typical asking rent
$7,203/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$2.20M
-3.3% year over year
Redfin, through May 2026
Days on market
10
Fast-moving
Redfin, through May 2026
Active listings
27
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$250,001
Home costs 9.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
108.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Short Hills a buyer's or seller's market?
Short Hills, NJ is a strong seller's market, based on 2.1 months of supply and homes selling in about 10 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Short Hills housing market data show?
Every row below is Redfin's final published month for Short Hills, NJ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $2.20M |
| Median list price | $2.62M |
| Year-over-year price change | -3.3% |
| Median price per sq ft | $767/sq ft |
| Median days on market | 10 days |
| Active inventory | 27 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 108.8% |
| Homes sold (that month) | 13 |
| New listings (that month) | 26 |
| Listings with a price cut | 14.8% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Short Hills is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Short Hills is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Short Hills home prices moved?
Over the last three years the median sale price in Short Hills, NJ fell 12.0%, from $2.50M to $2.20M. The live Zillow value series has rose 5.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.8% of Short Hills listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 108.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Short Hills?
Priced off the typical home value of $2.39M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $477,508 | $1.91M | $12,746/mo |
| 5% | $119,377 | $2.27M | $15,136/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $12,746, that implies roughly $546,257 a year before you add taxes and insurance. The median household in Short Hills earns $250,001, about $296,256 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 9.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Short Hills in the next 12 months?
Tell us your timeline. We send the Short Hills market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Short Hills?
Typical asking rent in Short Hills, NJ is $7,203/mo, against a typical home value of $2.39M. That is a price-to-rent ratio of 27.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $12,746 a month — $5,543 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Short Hills?
Active listings in Short Hills, NJ went from 32 in May 2025 to 27 in May 2026, a -15.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 29 | 14 |
| July 2025 | 21 | 12 |
| August 2025 | 16 | 5 |
| September 2025 | 30 | 22 |
| October 2025 | 35 | 17 |
| November 2025 | 20 | 4 |
| December 2025 | 13 | 1 |
| January 2026 | 25 | 16 |
| February 2026 | 24 | 13 |
| March 2026 | 23 | 21 |
| April 2026 | 32 | 23 |
| May 2026 | 27 | 26 |
Redfin, through May 2026
How does Short Hills compare to New Jersey and the U.S.?
Short Hills homes sell for $2.20M — 279% above the New Jersey median of $579,900. Against the national median of $410,700, Short Hills runs 436% higher. Year-over-year, Short Hills moved -3.3% against New Jersey's +3.7% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Short Hills, NJ | $2.20M | -3.3% | 10 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Short Hills
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $2,390 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $2.39M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Short Hills listing goes under contract in 10 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 108.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Short Hills added 26 new listings against 13 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +5.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Short Hills varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Short Hills
There are currently 27 homes listed for sale in Short Hills, New Jersey. The median listing price is $2.6M.
Active listings
27
Homes on market
Median list price
$2.6M
Avg. days on market
10
Days until sale
New this week
26
Newly listed
How much do homes cost in Short Hills by property type?
How the Short Hills, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.20M | $767/sq ft | 13 | 10 days |
Who lives in Short Hills?
American Community Survey estimates for Short Hills. U.S. Census ACS, 2023
Population
14,398
Households
4,495
Median income
$250,001/yr
Median age
40.9 years
Owner-occupied
87.6%
Median home value
$1.62M
Median gross rent
$3,259/mo
Mean commute
44.6 min
87.6% of occupied homes in Short Hills are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $1.62M against Zillow's $2.39M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $3,259/mo, below Zillow's $7,203/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Short Hills?
3 schools tracked · 1,153 students
The largest public schools serving Short Hills, 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.
Hartshorn School
Grades K-4 · 428 students
Deerfield School
Grades K-4 · 376 students
Glenwood School
Grades K-4 · 349 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 Short Hills, NJ?
Ordered by distance from Short Hills, not by size. Compare Short Hills side by side with any of them.
Short Hills housing market FAQ
Is Short Hills a buyer's or seller's market?
Short Hills, NJ is currently a strong seller's market. That read comes from 2.1 months of supply, homes going under contract in about 10 days, and sellers getting 108.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Short Hills?
The typical home in Short Hills, NJ is worth $2.39M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $2.20M, about $767 per square foot.
Is Short Hills cheaper than the rest of New Jersey?
Short Hills's median sale price of $2.20M is 279% higher than the New Jersey statewide median of $579,900, and 436% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Short Hills?
Homes in Short Hills, NJ spent a median of 10 days on market before going under contract, versus 35 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Short Hills?
At the current 30-year fixed rate of 7.03%, 20% down on a $2.39M home is about $12,746 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $546,257 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $250,001.
Are home prices rising in Short Hills?
The typical home value in Short Hills, NJ rose 5.7% over the last 12 months, from $2.26M to $2.39M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Short Hills?
Short Hills ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Short Hills?
That depends on your timeline, not on a headline. What the data says today: Short Hills, NJ is a strong seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 27.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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