Madison, NJ housing market
The typical Madison home is worth about $1,033,000, up 8.2% in a year, 78% above the New Jersey typical home. Homes typically sell in 19 days, a little above asking.
Home values, sales, trends and how Madison compares with the towns next door — updated as new data is published.
Madison at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Madison | New Jersey |
|---|---|---|
| 2017 | $670,000 | $317,000 |
| 2018 | $686,000 | $330,000 |
| 2019 | $690,000 | $343,000 |
| 2020 | $680,000 | $358,000 |
| 2021 | $707,000 | $394,000 |
| 2022 | $764,000 | $441,000 |
| 2023 | $810,000 | $471,000 |
| 2024 | $874,000 | $511,000 |
| 2025 | $929,000 | $551,000 |
| 2026 | $988,000 | $568,000 |
| August 2026 | $1,033,000 | $580,000 |
Madison and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Madison | $1.03M | +8.2% | 19 | $171,471 |
| Florham Park | $1.06M | +10.2% | 31 | $158,696 |
| Chatham | $1.38M | +10.8% | — | $198,913 |
6 years of income
The typical Madison home costs about 6 years of the town's median household income, more than across New Jersey (5.6 years).
How Madison ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Madison
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.