Madison, 07940 Real Estate Overview


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  • Schools
  • Commute
  • Amenities
  • Affordability
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Average Listing Price

  • $991,099
  • for week ending Jul 02
  • +$26,571
  • +2.8%
  • w-o-w

Median Sales Price

  • $480,000
  • Apr '14 - Jul '14
  • $255,000
  • -34.7%
  • y-o-y

Average Listing Price $991,099 +2.8% w-o-w
Median Sales Price $480,000 -34.7% y-o-y
Average Price/sqft $25278 +999.9% y-o-y
Number of Sales 23 -56.6 % y-o-y

Summary for Madison, 07940


The median sales price for homes in ZIP code 07940 in Madison from Apr 14 to Jul 14 was $480,000 based on 23 sales. Compared to the same period one year ago, the median sales price decreased 34.7%, or $255,000, and the number of sales decreased 56.6%. Average price per square foot for homes in 07940 was $25,278, an increase of 999.9% compared to the same period last year. There are currently 71 resale and new homes in ZIP code 07940 on Trulia, including 10 open houses, as well as 27 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 $991,099 for the week ending Jul 02, which represents an increase of 2.8%, or $26,571, 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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