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Featured local agent — Wharton, NJ
Sarah Mitchell
Compass Real Estate · Wharton, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wharton, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$475,000median sale price
How is the Wharton, NJ housing market right now?
The median home sale price in Wharton, NJ is $475,000, down 12.4% year-over-year. Homes sell in an average of 61 days with 8 active listings. The market is currently a 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 Wharton a buyer's or seller's market?
Wharton, NJ is currently a seller's market, based on 1.6 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
61
Average pace
Active listings
8
1.6 months supply
Sale-to-list
100.6%
Above asking
What does the Wharton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $499,999 |
| Year-over-year price change | -12.4% |
| Average days on market | 61 days |
| Active inventory | 8 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $314/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 9 |
| Listings with a price cut | 12.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wharton by property type?
How the Wharton, 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 | $475,000 | $314/sq ft | 5 | 61 days |
| Townhouse | $450,000 | $381/sq ft | 1 | 73 days |
Source: Redfin · Updated monthly
The Wharton housing market is currently classified as a seller's market with a median sale price of $475,000. Prices have fallen 12.4% compared to last year, with homes spending an average of 61 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Wharton
There are currently 8 homes listed for sale in Wharton, New Jersey. The median listing price is $500K.
Active listings
8
Homes on market
Median list price
$500K
Avg. days on market
61
Days until sale
New this week
9
Newly listed
Who lives in Wharton?
Population
7,254
Median income
$92,548/yr
Median age
39.4 years
Owner-occupied
53.5%
College grads
29.3%
Avg commute
30.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Wharton?
Zillow home value
$505,395
Zillow rent index
$2,592/mo
Price-to-rent ratio
16.3x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Wharton?
Wharton is a community of approximately 7K residents with a median age of 39.4 years.The median household income is $92,548, which reflects a relatively affluent area with strong earning potential. 29.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.5%, showing a blend of owner and renter-occupied properties. The average commute time is 30.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Wharton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wharton?
3 schools tracked · 997 students
The largest public schools serving Wharton, 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.
Marie V. Duffy Elementary School
Grades PK-5 · 424 students
Catherine A Dwyer Elementary School
Grades K-5 · 309 students
Alfred C. MacKinnon Middle School
Grades 6-8 · 264 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 Wharton, NJ?
Want a head-to-head view? Compare Wharton side-by-side with any other U.S. city using our market-comparison tool.
Is Wharton a good real estate investment market?
For investors evaluating Wharton, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 12.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Wharton's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Wharton's median home price.
Frequently asked questions
What is the average home price in Wharton?
The median home sale price in Wharton is $475,000, down 12.4% from last year.
How long do homes stay on market in Wharton?
Homes typically spend 61 days on market before going under contract.
What is the median income in Wharton?
The median household income is $92,548 per year.
Is Wharton a buyer's or seller's market?
With 1.6 months of supply, Wharton is currently a seller's market.
What is the Zillow home value estimate for Wharton?
The Zillow Home Value Index (ZHVI) for Wharton is $505,395, representing the typical home value in the area.
How much does a single-family home cost in Wharton?
The median single-family home price in Wharton, NJ is $475,000 (about $314 per square foot).
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