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Market Intelligence · NJ / Morris County

Madison, NJ home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.06M1-yr changeUp8.5%

The typical home value in Madison, NJ is $1.06M as of September 2026, up 8.5% from a year ago, based on the Zillow Home Value Index. In the typical Madison ZIP code, the median list price is $1.17M and homes spend a median of 19 days on market as of September 2026 (Realtor.com).

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The coverage

Madison, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.06M
1-yr changeMedian across Madison ZIPs
+8.5%
ZIP markets live
1
County
Morris County

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12-month value trend

+8.5% over 12 months

Typical home value in Madison over the last 12 months: $978K in Sep 2025 to $1.06M in Sep 2026 (+8.5%).

Sep 2025$978K

Sep 2026$1.06M

Median Zillow home value index across Madison's ZIP codes.

Context

Madison's housing market is moving quickly. The typical home value in Madison, NJ is $1,061,502 as of September 2026, up 8.5% over the past year. Inventory is thin, with just 16 homes for sale and 18 new listings coming on the market. Homes are selling fast, with a median of 19 days on market, and only 7.1% of listings have taken a price cut. The median list price sits at $1,169,750, above the typical value, which suggests sellers are pricing with confidence. For a Madison homeowner thinking about selling, current conditions favor sellers, with buyers competing over a small pool of homes.

The numbers

What is the housing market like in Madison, NJ?

Typical home value

$1.06M

Up8.5%YoY

Median list price

$1.17M

Days on market

19

Homes for sale

16

Price cuts

7.1%

New listings

18

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Madison's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Madison, NJ home prices over time

Typical home values in Madison, NJ are up 8.5% over the past year, from $978K in September 2025 to $1.06M in September 2026.

Typical home value in Madison, NJ, September of each year
MonthTypical value1-yr change
September 2026$1,061,502+8.5%
September 2025$977,928No prior year

Typical value is the median Zillow Home Value Index across Madison ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Madison, NJ a buyer's or seller's market?

Madison, NJ leans toward a seller's market.

Homes are selling quickly, relatively few listings have cut their asking price, and homes for sale are scarce relative to new listings, which usually gives sellers the stronger position.

Based on a median of 19 days on market and 7% of listings with a price cut in the typical Madison ZIP code, and 18 new listings against 16 active listings across Madison, as of September 2026 (Realtor.com).

The outlook

Madison housing market forecast 2027

+2.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Madison ZIP code, points to typical home values rising 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in Madison rose 8.5%, per the Zillow Home Value Index.

Will home prices drop in Madison?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Madison shows typical home values rising 2.9% by September 2027, after a 8.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Madison ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Madison?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Madison, NJ home prices.

How much is a home in Madison, NJ worth?

The typical home value in Madison is $1,061,502 as of September 2026, up 8.5% over the past year. That figure is a citywide measure, so an individual home may be worth more or less.

How fast are homes selling in Madison, NJ?

Homes in Madison are moving quickly, with a median of 19 days on market as of September 2026. Only 7.1% of listings have had a price cut, which points to strong buyer demand.

How many homes are for sale in Madison, NJ?

There were 16 homes for sale in Madison as of September 2026, along with 18 new listings. Inventory is limited relative to the pace of sales.

Are home prices going up or down in Madison, NJ?

Typical home values in Madison, NJ are up 8.5% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Madison, NJ a buyer's or seller's market?

Madison, NJ leans toward a seller's market. Homes are selling quickly, relatively few listings have cut their asking price, and homes for sale are scarce relative to new listings, which usually gives sellers the stronger position. Based on a median of 19 days on market and 7% of listings with a price cut in the typical Madison ZIP code, and 18 new listings against 16 active listings across Madison, as of September 2026 (Realtor.com).

How long do homes take to sell in Madison, NJ?

In the typical Madison ZIP code, homes spend a median of 19 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

Nearby markets

More New Jersey housing markets.

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