Madison, 07940 Real Estate Overview


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

Average Listing Price

  • $1,055,314
  • for week ending Jan 14
  • -$42,530
  • -3.9%
  • w-o-w

Median Sales Price

  • $635,000
  • Oct '14 - Jan '15
  • $79,000
  • -11.1%
  • y-o-y

Average Listing Price $1,055,314 -3.9% w-o-w
Median Sales Price $635,000 -11.1% y-o-y
Average Price/sqft $388 +7.2% y-o-y
Number of Sales 43 +19.4 % y-o-y

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from Oct 14 to Jan 15 was $635,000 based on 43 sales. Compared to the same period one year ago, the median sales price decreased 11.1%, or $79,000, and the number of sales increased 19.4%. Average price per square foot for homes in 07940 was $388, an increase of 1.8% compared to the same period last year. There are currently 47 resale and new homes in ZIP code 07940 on Trulia, including 2 open houses, as well as 32 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 $1,055,314 for the week ending Jan 14, which represents a decrease of 3.9%, or $42,530, 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
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Homes for Sale in 07940
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