Madison, 07940 Real Estate Overview


  • Crime
  • Schools
  • Commute
  • Amenities
  • Affordability
  • Demographics
  • Hazards

Average Listing Price

  • $1,037,161
  • for week ending Apr 15
  • +$26,822
  • +2.7%
  • w-o-w

Median Sales Price

  • $732,500
  • Jan '15 - Apr '15
  • +$57,500
  • +8.5%
  • y-o-y

Average Listing Price $1,037,161 +2.7% w-o-w
Median Sales Price $732,500 +8.5% y-o-y
Average Price/sqft $427 +12.7% y-o-y
Number of Sales 24 -22.6 % y-o-y

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from Jan 15 to Apr 15 was $732,500 based on 24 sales. Compared to the same period one year ago, the median sales price increased 8.5%, or $57,500, and the number of sales decreased 22.6%. Average price per square foot for homes in 07940 was $427, an increase of 16.3% compared to the same period last year. There are currently 61 resale and new homes in ZIP code 07940 on Trulia, including 17 open houses, as well as 29 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 07940 was $1,037,161 for the week ending Apr 15, which represents an increase of 2.7%, or $26,822, compared to the prior week.


District Type Grades Schools Students
Madison Public Schools Public K - 12 5 2,382
School Name School Type Grades Parent Rating
Torey J. Sabatini Elementary School Public K - 5
Madison High School Public 9 - 12
Kings Road Elementary School Public K - 5
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Homes for Sale in 07940
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