Updated May 2026 · Redfin · 3-month window
07940 Real Estate Market Update: Madison, NJ, May 2026
The latest housing-market numbers for ZIP code 07940 in Madison, New Jersey, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $1.43M | ▲ +1.8% | ▲ +18.0% |
| Days on market | 17 | ▼ -10.8% | ▼ -10.8% |
| Homes for sale | 15 | • 0.0% | ▼ -11.8% |
| Sale-to-list | 112.0% | ▲ +3.3% | ▲ +1.8% |
| Homes sold | 36 | ▲ +20.0% | ▲ +16.1% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 07940 numbers say
Prices in Madison's 07940 ZIP are still climbing. The median sale price reached $1,433,512, up 18.0% year over year. Homes here move fast: a typical listing goes under contract in about 17 days, and sellers are getting 112.0% of list price.
Based on 36 recent sales, 07940 is currently an active market.
What this means if you sell in 07940
Use these figures to set expectations early. Lead a listing appointment with the median price and the 17-day pace, show the year-over-year direction, and frame 07940 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Madison post →Frequently asked: the 07940 housing market
- What is the median home price in ZIP 07940 (Madison, NJ)?
- As of May 2026, the median sale price in ZIP 07940 is $1,433,512 (+18.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 07940 a buyer's or seller's market right now?
- ZIP 07940 is currently an active market, based on a 112.0% sale-to-list ratio, about 17 days on market for May 2026.
- How long do homes take to sell in ZIP 07940?
- A typical listing in 07940 goes under contract in about 17 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 07940 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.