Housing in Madison, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$700,000
Median List Price
$1,475,000
Price Per Sq Ft
$451
Days on Market
36
Active Inventory
17
Months of Supply
1.0
Seller's market
Zillow Home Value
$959,928
ZHVI — January 2026
Zillow Rent Index
$2,751
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
52.9%
Off Market in 2 Weeks
43.8%
Sale-to-List Ratio
101.6%
Seller's market
Market Activity
Source: RedfinHomes Sold
17
New Listings
13
Pending Sales
16
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$451
Median List $/SF
$489
Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Madison is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$882,900
Median Rent
$2,248
Total Housing Units
5,721
Vacancy Rate
2.9%
Owner Occupied
64.2%
Renter Occupied
35.9%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$3,283
Housing Types
The current median sale price in Madison, NJ is $700,000 according to Redfin data. Homes spend a median of 36 days on the market. 52.9% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $451. Zillow's observed rent index is $2,751/month. About 64.2% of housing units are owner-occupied. The median year homes were built is 1959. There are 5,721 total housing units.