Real Estate Overview for Madison, 07940


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

Average Listing Price

  • $1,120,444
  • for week ending Jun 17
  • +$21,355
  • +1.9%
  • w-o-w

Median Sales Price

  • $980,000
  • Mar '15 - Jun '15
  • +$441,000
  • +81.8%
  • y-o-y

Average Listing Price $1,120,444 +1.9% w-o-w
Median Sales Price $980,000 +81.8% y-o-y
Average Price/sqft $497 +27.4% y-o-y
Number of Sales 6 -80.6 % y-o-y

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Most popular zip codes Avg. listing Price
Week ending Jun 17
w-o-w
07960 $921,648 +0.4%
07928 $1,209,731 +4.9%
07834 $486,386 +0.7%
07866 $379,020 -4.3%
07054 $444,637 -2.5%
Movers & Shakers Avg. listing price
Week ending Jun 17
w-o-w
07980 $762,081 +17.4%
07457 $413,071 +14.8%
07933 $625,836 +14.0%
07849 $420,923 +10.5%
07976 $2,886,142 -10.0%
View Morris County Home Prices Map

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from Mar 15 to Jun 15 was $980,000 based on 6 sales. Compared to the same period one year ago, the median sales price increased 81.8%, or $441,000, and the number of sales decreased 80.6%. Average price per square foot for homes in 07940 was $497, a decrease of 97.6% compared to the same period last year. There are currently 66 resale and new homes in ZIP code 07940 on Trulia, including 3 open houses, as well as 26 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 $1,120,444 for the week ending Jun 17, which represents an increase of 1.9%, or $21,355, 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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