$643,100
- 2 Beds
- 1 Bath
7 Prospect St, Madison, NJ 07940
Est. Refi. Payment $4,363/mo*
Refinance Your HomeHome Value
Trulia Estimate
$643KSince last month
Decreased$52K (-7.4%)Since last year
Decreased$30K (-4.5%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +64% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $646K |
| August 2026 | $643K |
| July 2026 | $698K |
| June 2026 | $679K |
| May 2026 | $682K |
| April 2026 | $675K |
| March 2026 | $652K |
| February 2026 | $713K |
| January 2026 | $731K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.31 | Single-Family Home | $805,000 | 05/12/26 | 3 | 1 | - | |
0.32 | Single-Family Home | $668,000 | 11/13/25 | 2 | 1.5 | 1,064 | |
0.37 | Single-Family Home | $908,000 | 07/10/26 | 2 | 2 | - | |
0.27 | Single-Family Home | $2,500,000 | 03/16/26 | 1 | 2 | 3,223 | |
0.35 | Single-Family Home | $875,000 | 01/23/26 | 3 | 2 | - | |
0.27 | Single-Family Home | $1,270,000 | 07/07/26 | 4 | 2 | - | |
0.32 | Single-Family Home | $1,400,000 | 03/16/26 | 4 | 2 | - | |
0.40 | Single-Family Home | $530,000 | 03/03/26 | 3 | 3 | 1,564 | |
0.44 | Single-Family Home | $1,160,000 | 01/02/26 | 3 | 3 | - | |
0.25 | Single-Family Home | $1,630,000 | 02/05/26 | 5 | 4 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.13 | $2,329,100 | 3 | 2 | - | Off Market | |
0.13 | $2,802,800 | 7 | 8 | - | Off Market | |
0.16 | $2,093,600 | 5 | 4 | - | Off Market | |
0.17 | $1,445,500 | Studio | - | - | Off Market | |
0.20 | $848,500 | 3 | 1 | - | Off Market | |
0.22 | $1,098,300 | 3 | 3 | - | Off Market | |
0.25 | $1,630,000 | 5 | 4 | - | Recently Sold | |
0.26 | $1,693,400 | 4 | 4 | - | Off Market | |
0.27 | $999,000 | 4 | 3 | - | For Sale | |
0.27 | $1,270,000 | 4 | 2 | - | Recently Sold | |
0.27 | $1,070,000 | Studio | - | - | Recently Sold | |
0.31 | $1,716,000 | 4 | 4 | - | Recently Sold |
Local Information
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Home Highlights
Single-Family Home
Built in 2000
About this House
This single-family home is located at 7 Prospect St, Madison, NJ. 7 Prospect St is in Madison, NJ and in ZIP code 07940. This property has 2 bedrooms and 1 bathroom. This property was built in 2000.
7 Prospect St, Madison, NJ 07940 is a 2 bedroom, 1 bathroom single-family home built in 2000. More recently, it was listed as a rental in January 2016 with an asking price of $1,550 per month. That rental listing was removed on August 9, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $643,100, with a rent estimate of $2,801/month.
Home Details for 7 Prospect St
|
|---|
Year Built Year Built: 2000 |
Property Type / Style Property Type: Single Family Home |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 9, 2016 Source: Agent Provided | ListingRemoved | $1,550 |
Apr 10, 2016 Source: Agent Provided | ListingRemoved | $1,500 |
Jan 31, 2016 Source: Agent Provided | Listed For Rent | $1,550 |
Market trends in Madison
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
22
Around this home
What Locals Say about Madison
At least 147 Trulia users voted on each feature.
90 % Say people would walk alone at night
88 % Say it's dog friendly
84 % Say there are sidewalks
83 % Say parking is easy
82 % Say there's holiday spirit
80 % Say it's walkable to restaurants
80 % Say streets are well-lit
78 % Say it's walkable to grocery stores
77 % Say kids play outside
76 % Say car is needed
73 % Say yards are well-kept
69 % Say it's quiet
65 % Say they plan to stay for at least 5 years
59 % Say neighbors are friendly
56 % Say there's wildlife
55 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 7 Prospect St
- What is 7 Prospect St estimated to be worth?Trulia's estimated value for 7 Prospect St in Madison, NJ is $643,100.
- Is Madison a buyer's or seller's market?Madison is currently a seller's market, based on recent for-sale activity.
- What do residents say about Madison?Residents describe Madison, NJ as dog-friendly, pedestrian-friendly, and easy to park in. See recently sold homes in Madison, NJ.
- What are the closest schools to 7 Prospect St?The closest schools to 7 Prospect St in Madison, NJ are Madison High School (rated 8/10), Madison Junior Middle School (rated 7/10), Torey J. Sabatini Elementary School (rated 8/10).

