House Prices

Madison Place Madison, NJ House Prices & Home Values 2026


Average Data

average house price$801,540
average size per house2371 ft²
average price per ft²318 $ / ft²

05/22/2026 - The value range (VR) for house prices in Madison Place Madison, NJ is $302.1/ sqft to $333.9/ sqft. An average home with 2371 sqft costs approximately $672,587 to $743,385. 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 $318. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Madison Place Madison

07940308 $ / ft²




Historical development of home values in Madison Place Madison

Year Estimated value (USD) Change vs. 2025
2010 $372,250 -53.6%
2011 $357,855 -55.4%
2012 $356,891 -55.5%
2013 $370,231 -53.8%
2014 $388,640 -51.5%
2015 $408,587 -49.0%
2016 $429,910 -46.4%
2017 $453,114 -43.5%
2018 $478,164 -40.3%
2019 $500,336 -37.6%
2020 $526,201 -34.4%
2021 $598,497 -25.3%
2022 $697,713 -13.0%
2023 $735,771 -8.2%
2024 $778,336 -2.9%
2025 $801,540 0.0%

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



Example: 100% financing house in Madison Place Madison

Loan amount: $801,540

Interest rate: 5.63%

Fixed monthly payment: $4,618.67

Breakdown in the 1st month:
Interest portion: $3,763.23  –  Principal portion: $855.44

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $44,889.50 $10,534.57 $791,005.43
2 $44,280.41 $11,143.65 $779,861.78
3 $43,636.11 $11,787.96 $768,073.82
4 $42,954.55 $12,469.51 $755,604.31
5 $42,233.59 $13,190.47 $742,413.84
6 $41,470.95 $13,953.12 $728,460.73
7 $40,664.21 $14,759.85 $713,700.87
8 $39,810.83 $15,613.24 $698,087.64
9 $38,908.10 $16,515.96 $681,571.67
10 $37,953.18 $17,470.88 $664,100.80
11 $36,943.06 $18,481.01 $645,619.79
12 $35,874.52 $19,549.54 $626,070.25
13 $34,744.21 $20,679.85 $605,390.40
14 $33,548.55 $21,875.52 $583,514.88
15 $32,283.75 $23,140.31 $560,374.57
16 $30,945.83 $24,478.23 $535,896.34
17 $29,530.55 $25,893.51 $510,002.82
18 $28,033.44 $27,390.62 $482,612.20
19 $26,449.78 $28,974.29 $453,637.92
20 $24,774.54 $30,649.52 $422,988.40
21 $23,002.46 $32,421.61 $390,566.79
22 $21,127.91 $34,296.16 $356,270.64
23 $19,144.98 $36,279.09 $319,991.55
24 $17,047.40 $38,376.66 $281,614.89
25 $14,828.54 $40,595.52 $241,019.37
26 $12,481.40 $42,942.67 $198,076.70
27 $9,998.54 $45,425.52 $152,651.18
28 $7,372.14 $48,051.92 $104,599.26
29 $4,593.88 $50,830.18 $53,769.08
30 $1,654.99 $53,769.08 $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 Place Madison, NJ


1500 sqft3900 sqft
Ø selling price$541,963$1,152,903
Ø fast selling$492,694$1,037,613
Ø high price sale$591,232$1,268,193

In 2026, houses in Madison Place Madison, NJ will be offered at an average price of $318 per square foot. A 1,500 sqft home priced at $541,963 is 21.60% more expensive per square foot than a 3,900 sqft home priced at $1,152,903. Home prices in Madison Place Madison, 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 $798,164. Sellers who can wait longer may achieve a higher price of up to $975,533.

FAQ – Home Values in Madison Place Madison

What is the median home value in Madison Place Madison in 2026?

In 2026, the typical home value in Madison Place Madison is about $801,540 for an average home size of 2371 square feet. This corresponds to an average price of roughly $318 per square foot.

What is the average cost per square foot in Madison Place Madison?

In 2026, homes in Madison Place Madison sell for an average of around $318 per square foot, with a typical range between $302.1 and $333.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Madison Place?

The average home size in Madison Place Madison is about 2371 square feet, with an estimated 2026 value around $801,540.



Neighborhoods close to Madison Place Madison, NJ

Mendham Commons Mendham, NJ250 $ / ft²
Coventry Park Morris Plains, NJ287 $ / ft²
Downtown Morristown Morristown, NJ461 $ / ft²
The Green at Florham Park Florham Park, NJ330 $ / ft²
Rolling Hill Chatham, NJ407 $ / ft²
Peppertown Berkeley Heights, NJ262 $ / ft²
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