House Prices

House Prices & Home Values Madison, NJ 2026


Average Data

average house price$853,610
average size per house2525 ft²
average price per ft²339 $ / ft²

05/22/2026 - The value range (VR) for house prices in Madison, NJ is $328/ sqft to $328/ sqft. An average home with 2525 sqft costs approximately $828,200 to $828,200. Madison, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07940, while the highest are in ZIP 07940. The average price per sqare feet is $339. Our analysis is based on 266 property listings.

Avergage prices by ZIP codes Madison

07940352 $ / ft²


House prices by neighborhoods in Madison

Avalon at Madison350 $ / ft²
Bottle Hill Historic District308 $ / ft²
Chateau Thierry360 $ / ft²
Downtown Madison325 $ / ft²
Drew University353 $ / ft²
Fairleigh Dickinson University (Florham Campus)311 $ / ft²
Fairwoods at Giralda Farms326 $ / ft²
Giralda Farms329 $ / ft²
Madison Commons357 $ / ft²
Madison Place308 $ / ft²
Rose Hall341 $ / ft²
Shadylawn358 $ / ft²
The Hill346 $ / ft²




Historical development of home values in Madison

Year Estimated value (USD) Change vs. 2025
2010 $396,432 -53.6%
2011 $381,102 -55.4%
2012 $380,076 -55.5%
2013 $394,282 -53.8%
2014 $413,887 -51.5%
2015 $435,130 -49.0%
2016 $457,838 -46.4%
2017 $482,549 -43.5%
2018 $509,227 -40.3%
2019 $532,839 -37.6%
2020 $560,384 -34.4%
2021 $637,377 -25.3%
2022 $743,038 -13.0%
2023 $783,568 -8.2%
2024 $828,899 -2.9%
2025 $853,610 0.0%

Graph: estimated home values in Madison over time (USD)



Example: 100% financing house in Madison

Loan amount: $853,610

Interest rate: 6.00%

Fixed monthly payment: $5,117.82

Breakdown in the 1st month:
Interest portion: $4,268.05  –  Principal portion: $849.77

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $50,931.45 $10,482.43 $843,127.57
2 $50,284.91 $11,128.96 $831,998.61
3 $49,598.50 $11,815.37 $820,183.23
4 $48,869.76 $12,544.12 $807,639.11
5 $48,096.06 $13,317.81 $794,321.30
6 $47,274.65 $14,139.23 $780,182.07
7 $46,402.57 $15,011.31 $765,170.76
8 $45,476.71 $15,937.17 $749,233.59
9 $44,493.74 $16,920.14 $732,313.45
10 $43,450.14 $17,963.74 $714,349.72
11 $42,342.18 $19,071.70 $695,278.02
12 $41,165.88 $20,248.00 $675,030.02
13 $39,917.03 $21,496.85 $653,533.16
14 $38,591.15 $22,822.73 $630,710.43
15 $37,183.49 $24,230.39 $606,480.04
16 $35,689.01 $25,724.87 $580,755.18
17 $34,102.36 $27,311.52 $553,443.66
18 $32,417.84 $28,996.03 $524,447.62
19 $30,629.43 $30,784.45 $493,663.18
20 $28,730.72 $32,683.16 $460,980.01
21 $26,714.89 $34,698.99 $426,281.02
22 $24,574.73 $36,839.15 $389,441.88
23 $22,302.57 $39,111.30 $350,330.57
24 $19,890.27 $41,523.60 $308,806.97
25 $17,329.19 $44,084.69 $264,722.28
26 $14,610.14 $46,803.74 $217,918.54
27 $11,723.39 $49,690.49 $168,228.05
28 $8,658.59 $52,755.29 $115,472.76
29 $5,404.76 $56,009.12 $59,463.64
30 $1,950.24 $59,463.64 $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 Madison, NJ


1500 sqft3900 sqft
Ø selling price$615,285$1,308,879
Ø fast selling$559,350$1,177,992
Ø high price sale$671,220$1,439,767

In 2026, houses in Madison, NJ will be offered at an average price of $339 per square foot. A 1,500 sqft home priced at $615,285 is 24.63% more expensive per square foot than a 3,900 sqft home priced at $1,308,879. Home prices in Madison, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $906,148. Sellers who can wait longer may achieve a higher price of up to $1,107,514.

FAQ – Home Values in Madison

What is the median home value in Madison in 2026?

In 2026, the typical home value in Madison is about $853,610 for an average home size of 2525 square feet. This corresponds to an average price of roughly $339 per square foot.

What is the average cost per square foot in Madison?

In 2026, homes in Madison sell for an average of around $339 per square foot, with a typical range between $328 and $328 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Madison is about 2525 square feet, with an estimated 2026 value around $853,610.



Locations close to Madison, NJ

Mendham, NJ280 $ / ft²
Millington, NJ332 $ / ft²
Morris Plains, NJ314 $ / ft²
Lyons, NJ268 $ / ft²
East Hanover, NJ263 $ / ft²
Green Village, NJ507 $ / ft²
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