House Prices

Deerfield Short Hills, NJ House Prices & Home Values 2026


Average Data

average house price$2,311,754
average size per house5974 ft²
average price per ft²394 $ / ft²

04/15/2026 - The value range (VR) for house prices in Deerfield Short Hills, NJ is $374.3/ sqft to $413.7/ sqft. An average home with 5974 sqft costs approximately $2,274,082 to $2,513,459. Short Hills, NJ includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 07078, while the highest are in ZIP 07078. The average price per sqare feet is $394. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Deerfield Short Hills

07078397 $ / ft²




Historical development of home values in Deerfield Short Hills

Year Estimated value (USD) Change vs. 2025
2010 $1,073,620 -53.6%
2011 $1,032,103 -55.4%
2012 $1,029,325 -55.5%
2013 $1,067,798 -53.8%
2014 $1,120,894 -51.5%
2015 $1,178,422 -49.0%
2016 $1,239,920 -46.4%
2017 $1,306,843 -43.5%
2018 $1,379,093 -40.3%
2019 $1,443,039 -37.6%
2020 $1,517,638 -34.4%
2021 $1,726,149 -25.3%
2022 $2,012,302 -13.0%
2023 $2,122,066 -8.2%
2024 $2,244,831 -2.9%
2025 $2,311,754 0.0%

Graph: estimated home values in Deerfield Short Hills over time (USD)



Example: 100% financing house in Deerfield Short Hills

Loan amount: $2,311,754

Interest rate: 6.10%

Fixed monthly payment: $14,012.10

Breakdown in the 1st month:
Interest portion: $11,755.27  –  Principal portion: $2,256.83

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $140,292.83 $27,852.31 $2,283,901.69
2 $138,544.93 $29,600.21 $2,254,301.48
3 $136,687.35 $31,457.80 $2,222,843.68
4 $134,713.19 $33,431.96 $2,189,411.73
5 $132,615.14 $35,530.01 $2,153,881.72
6 $130,385.42 $37,759.72 $2,116,122.00
7 $128,015.78 $40,129.36 $2,075,992.64
8 $125,497.43 $42,647.72 $2,033,344.92
9 $122,821.03 $45,324.11 $1,988,020.81
10 $119,976.68 $48,168.46 $1,939,852.35
11 $116,953.83 $51,191.31 $1,888,661.04
12 $113,741.28 $54,403.87 $1,834,257.17
13 $110,327.12 $57,818.03 $1,776,439.14
14 $106,698.70 $61,446.45 $1,714,992.70
15 $102,842.57 $65,302.57 $1,649,690.13
16 $98,744.46 $69,400.69 $1,580,289.44
17 $94,389.16 $73,755.98 $1,506,533.45
18 $89,760.54 $78,384.60 $1,428,148.85
19 $84,841.45 $83,303.69 $1,344,845.16
20 $79,613.66 $88,531.49 $1,256,313.67
21 $74,057.79 $94,087.36 $1,162,226.31
22 $68,153.26 $99,991.89 $1,062,234.43
23 $61,878.18 $106,266.96 $955,967.47
24 $55,209.31 $112,935.83 $843,031.63
25 $48,121.93 $120,023.22 $723,008.42
26 $40,589.77 $127,555.37 $595,453.05
27 $32,584.93 $135,560.22 $459,892.83
28 $24,077.73 $144,067.41 $315,825.42
29 $15,036.66 $153,108.48 $162,716.93
30 $5,428.21 $162,716.93 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Deerfield Short Hills, NJ


1500 sqft3900 sqft
Ø selling price$727,267$1,547,095
Ø fast selling$661,152$1,392,386
Ø high price sale$793,383$1,701,805

In 2026, houses in Deerfield Short Hills, NJ will be offered at an average price of $394 per square foot. A 1,500 sqft home priced at $727,267 is 23.39% more expensive per square foot than a 3,900 sqft home priced at $1,547,095. Home prices in Deerfield Short Hills, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,071,066. Sellers who can wait longer may achieve a higher price of up to $1,309,081.


Deerfield, Short Hills, NJ Neighborhood Guide


Overview

Deerfield is a sought-after residential enclave in Short Hills, NJ known for tree-lined streets, luxury homes, and top-ranked schools. Its quiet, upscale vibe and proximity to shopping, parks, and transit make it one of the most desirable neighborhoods in Millburn Township.

Location & Lifestyle

Situated near downtown Millburn and high-end retail at The Mall at Short Hills, the neighborhood blends convenience with a tranquil, leafy setting. Residents enjoy a suburban lifestyle with easy access to cafes, restaurants, and community amenities throughout Short Hills, NJ.

Schools

Families are drawn to the highly regarded Deerfield Elementary School, part of Millburn Township Public Schools and consistently recognized for academic excellence.

Homes & Architecture

Housing stock features stately Colonials, expanded Capes, and custom new construction on generous lots and quiet cul-de-sacs. Meticulous landscaping and curb appeal are hallmarks, with many homes offering updated kitchens, spa-like baths, and outdoor entertaining spaces.

Parks & Recreation

The neighborhood provides quick access to South Mountain Reservation for hiking and nature, along with local playgrounds, fields, and town recreation programs.

Commuting & Transportation

Commuters value the nearby Short Hills and Millburn NJ Transit stations offering Midtown Direct service to New York City. Major roads like Route 24 and I-78 are easily reachable, streamlining trips to Newark Airport and regional employment hubs.



FAQ – Home Values in Deerfield Short Hills

What is the median home value in Deerfield Short Hills in 2026?

In 2026, the typical home value in Deerfield Short Hills is about $2,311,754 for an average home size of 5974 square feet. This corresponds to an average price of roughly $394 per square foot.

What is the average cost per square foot in Deerfield Short Hills?

In 2026, homes in Deerfield Short Hills sell for an average of around $394 per square foot, with a typical range between $374.3 and $413.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Deerfield?

The average home size in Deerfield Short Hills is about 5974 square feet, with an estimated 2026 value around $2,311,754.



Neighborhoods close to Deerfield Short Hills, NJ

Montrose Park South Orange, NJ201 $ / ft²
Samptown South Plainfield, NJ220 $ / ft²
Baltusrol Springfield, NJ196 $ / ft²
Southwyck Village Scotch Plains, NJ279 $ / ft²
Wesmont Station Wood Ridge, NJ283 $ / ft²
Kingsland Lyndhurst, NJ298 $ / ft²
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