Real Estate Overview for Madison, 07940


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  • Schools
  • Commute
  • Amenities
  • Affordability
  • Demographics
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Average Listing Price

  • $1,015,529
  • for week ending Aug 26
  • +$2,105
  • +0.2%
  • w-o-w

Median Sales Price

  • $722,000
  • May '15 - Aug '15
  • +$51,050
  • +7.6%
  • y-o-y

Average Listing Price $1,015,529 +0.2% w-o-w
Median Sales Price $722,000 +7.6% y-o-y
Average Price/sqft $335 -5.1% y-o-y
Number of Sales 25 -58.3 % y-o-y

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Most popular zip codes Avg. listing Price
Week ending Aug 26
w-o-w
07960 $765,635 -0.6%
07869 $527,297 +2.5%
07928 $1,142,224 -2.3%
07834 $462,823 +0.6%
07405 $545,181 -1.3%
Movers & Shakers Avg. listing price
Week ending Aug 26
w-o-w
07935 $1,484,966 -25.8%
07981 $562,688 +7.9%
07936 $613,503 -6.3%
07058 $829,700 +6.2%
07045 $626,704 -6.1%
View Morris County Home Prices Map

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from May 15 to Aug 15 was $722,000 based on 25 sales. Compared to the same period one year ago, the median sales price increased 7.6%, or $51,050, and the number of sales decreased 58.3%. Average price per square foot for homes in 07940 was $335, a decrease of 3.5% compared to the same period last year. There are currently 70 resale and new homes in ZIP code 07940 on Trulia, including 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 $1,015,529 for the week ending Aug 26, which represents an increase of 0.2%, or $2,105, 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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