Housing in Menlo Park Terrace, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$530,000
Median List Price
$499,999
Price Per Sq Ft
$388
Days on Market
82
Active Inventory
2
Months of Supply
0.7
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
66.7%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
101.8%
Seller's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$388
Median List $/SF
$249
Menlo Park Terrace vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Menlo Park Terrace 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
$379,100
Median Rent
$1,879
Total Housing Units
931
Vacancy Rate
3.3%
Owner Occupied
89.9%
Renter Occupied
10.1%
Median Property Tax
$9,766
per year
Monthly Cost (w/ Mortgage)
$2,384
Housing Types
The current median sale price in Menlo Park Terrace, NJ is $530,000 according to Redfin data. Homes spend a median of 82 days on the market. 66.7% of homes sold above asking price. The market has 0.7 months of supply. The median price per square foot is $388. The median rent is $1,879 per month (Census ACS). About 89.9% of housing units are owner-occupied. The median year homes were built is 1954. There are 931 total housing units.