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Madison, 07940 Real Estate Overview

Today, December 26, 2009

Avg. Listing Price $1,038,813 Wk ending Dec 16

+$7,944
+0.8%
w-o-w

Median Sales Price $572,000 Sep '09 - Nov '09

+$32,000
+5.9%
y-o-y

67	Homes For Sale	0	Open Homes
117	Recently Sold	29	Foreclosures

Average Listing Price

$1,038,813

+0.8%

w-o-w

Median Sales Price

$572,000

+5.9%

y-o-y

Average price/sqft

$441

+19.8%

y-o-y

Number of Sales

+27%

y-o-y

More 07940 Market Trends

Select chart to embed:

Most popular
zip codes

Avg. listing price
Week ending Dec 16

w-o-w

07960

$729,003

-0.1%

07928

$1,017,451

-7.4%

07054

$467,927

+0.2%

07940

$1,038,813

+0.8%

07834

$563,620

-3.2%

Movers & Shakers

Avg. listing price
Week ending Dec 16

w-o-w

07045

$850,193

+13.8%

07928

$1,017,451

-7.4%

07058

$545,836

-7.0%

07850

$440,053

-6.4%

07405

$812,431

+4.2%

View Morris County Home Prices Map

The median sales price for homes in ZIP code 07940 in Madison from Sep 09 to Nov 09 was $572,000 based on 47 sales. Compared to the same period one year ago, the median sales price increased 5.9%, or $32,000, and the number of sales increased 27%. Average price per square foot for homes in 07940 was $441, an increase of 19.8% compared to the same period last year.

There are currently 67 resale and new homes in ZIP code 07940 on Trulia, including 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 $1,038,813 for the week ending Dec 16, which represents an increase of 0.8%, or $7,944, compared to the prior week.

DISTRICT

TYPE

GRADES

SCHOOLS

STUDENTS

Madison School District

Public

—

SCHOOL NAME

SCHOOL TYPE

GRADES

PARENT RATING

Kings Road Elementary School

Public

K - 5

Central Avenue Elementary School

Public

K - 5

St Vincent Martyr School

Catholic

PK - 6

Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.

View all Madison Schools

2 Hunter Dr…

$595,000

4 br 3 ba

40 Park Ln,…

$2,200,000

5 br 3 ½ ba

2 Westerly…

$975,000

6 br 5 ba

34 Ridgeda…

$319,000

3 br 1 ba

74 Noe Ave,…

$2,299,000

6 br 6 ½ ba

25 Academy…

$950,000

5 br 5 ba

View all 07940 Homes for Sale

Cities

Median
sales price

Average
listing price

Chatham

$695,004

$968,318

Florham Park

$518,000

$669,852

New Vernon

$525,000

$3,032,726

New Providence

$503,852

$656,540

Summit

$760,000

$1,348,697

Gillette

$420,000

$642,166

Local Spotlight

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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.

Homes for Sale includes resale and new homes on Trulia.

Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.

Open Homes refers to listings on Trulia with scheduled open house times.

Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.

Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.

About this Info Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website. Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price. Close

Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.

Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.

These reviews include feedback from parents, students, former students, administrators and other staff. This feedback may help you further evaluate and compare schools, along with other information such as test scores, academic programs, school resources, classroom and teacher ratios, etc. The reviews are provided by GreatSchools.

Ask a question about this school on Trulia Voices to learn more about this school or district from residents and other local experts.

Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report.

Madison, 07940 Real Estate Overview

Market View for 07940

Market Trends for 07940

Home Prices for Morris County

Madison, 07940 Summary

Schools in Madison

Community Info for Madison

Homes for Sale in 07940

Recent Q&A in Madison, NJ

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Nearby Cities Real Estate

Nearby Cities Sold Homes

Nearby Cities Home Prices

07940 Stats & Trends

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About this Info Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report. Close