Madison, 07940 Real Estate Overview


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

Average Listing Price

  • $991,067
  • for week ending Aug 13
  • +$20,953
  • +2.2%
  • w-o-w

Median Sales Price

  • $599,500
  • May '14 - Aug '14
  • $101,500
  • -14.5%
  • y-o-y

Average Listing Price $991,067 +2.2% w-o-w
Median Sales Price $599,500 -14.5% y-o-y
Average Price/sqft $345 -98.0% y-o-y
Number of Sales 28 -58.2 % y-o-y

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from May 14 to Aug 14 was $599,500 based on 28 sales. Compared to the same period one year ago, the median sales price decreased 14.5%, or $101,500, and the number of sales decreased 58.2%. Average price per square foot for homes in 07940 was $345, a decrease of 6.2% compared to the same period last year. There are currently 63 resale and new homes in ZIP code 07940 on Trulia, including 6 open houses, as well as 25 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 $991,067 for the week ending Aug 13, which represents an increase of 2.2%, or $20,953, 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
Central Avenue Elementary School Public PK - 5
St. Vincent Martyr School Private PK - 8
Torey J. Sabatini Elementary School Public K - 5
View all Madison Schools
  • $ Enter a value greater than 0.
    % Enter a value between 0-100%.
    % Enter a value between 0-30%.
  • $ Enter a value greater than 0.
    % Enter a value between 0-100%.
    $ Enter a value greater than 0.
    Enter a value between 1-30.
Homes for Sale in 07940
View all 07940 Homes for Sale