Madison, NJ Real Estate & Property Data

Madison Real Estate Market Trends
Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Madison, NJ 07940. ATTOM’s Madison real estate data is updated daily, and current market trends show that in Madison, NJ a total of 174 residential properties have sold over the past year. With a median home price of $1,114,500 in Madison and a total of 1 foreclosures. Get detailed property data for Madison, NJ instantly. ATTOM is your one-stop-shop for the Madison property reports and real estate data you need in Madison, NJ.

Madison Real Estate Market Trends
Total Residential Properties 4,475
Total Commercial Properties 206
Avg. Home Age (Single Family Home) 68 Years
Avg. Square Feet (Single Family Home) 2,454
Total 2025 Residential Sales (year-to-date) 22
% of Homes Seriously Underwater (Q2 2025) 0.66%
Total 2024 Residential Sales 160
% of Equity Rich Homes (Q2 2025) 44.06%
Effective 2024 Property Tax 1.22%
Total Foreclosure Filings (year-to-date) 1
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Madison, NJ 07940 Real Estate Overview

There were 174 residential properties sold in the past year in Madison, NJ 07940. The median home value in Madison, NJ 07940 is $980,250. There are a total of 4,475 residential properties in the 07940.

Median Sales Price i
$1,114,500
(Feb 2025)
+30.4%
year-over-year
y-o-y
  • February '25 Feb '25 $1,114,500
  • January '25 Jan '25 $1,938,061
  • December '24 Dec '24 $1,149,500
  • November '24 Nov '24 $1,362,500
  • October '24 Oct '24 $775,000
  • September '24 Sep '24 $783,850
  • August '24 Aug '24 $1,437,500
  • July '24 Jul '24 $1,200,000
  • June '24 Jun '24 $800,000
  • May '24 May '24 $1,000,000
  • April '24 Apr '24 $790,000
  • March '24 Mar '24 $872,500
Median Down Payment i
$294,500
(Feb 2025)
+489%
year-over-year
y-o-y
  • February '25 Feb '25 $294,500
  • January '25 Jan '25 $537,000
  • December '24 Dec '24 $359,850
  • November '24 Nov '24 $273,876
  • October '24 Oct '24 $190,000
  • September '24 Sep '24 $142,400
  • August '24 Aug '24 $540,000
  • July '24 Jul '24 $350,000
  • June '24 Jun '24 $187,500
  • May '24 May '24 $199,000
  • April '24 Apr '24 $152,500
  • March '24 Mar '24 $315,000
Number of Homes Sold i
8
(Feb 2025)
+33.3%
year-over-year
y-o-y
  • February '25 Feb '25 8
  • January '25 Jan '25 14
  • December '24 Dec '24 19
  • November '24 Nov '24 16
  • October '24 Oct '24 14
  • September '24 Sep '24 16
  • August '24 Aug '24 11
  • July '24 Jul '24 21
  • June '24 Jun '24 16
  • May '24 May '24 11
  • April '24 Apr '24 12
  • March '24 Mar '24 10
Number of Purchase Loans i
6
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 7
  • December '24 Dec '24 13
  • November '24 Nov '24 10
  • October '24 Oct '24 7
  • September '24 Sep '24 10
  • August '24 Aug '24 6
  • July '24 Jul '24 15
  • June '24 Jun '24 9
  • May '24 May '24 10
  • April '24 Apr '24 10
  • March '24 Mar '24 8
Number of REFI Loans i
5
(Feb 2025)
+66.7%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 6
  • December '24 Dec '24 7
  • November '24 Nov '24 9
  • October '24 Oct '24 4
  • September '24 Sep '24 3
  • August '24 Aug '24 5
  • July '24 Jul '24 4
  • June '24 Jun '24 5
  • May '24 May '24 6
  • April '24 Apr '24 3
  • March '24 Mar '24 4
Number of HELOC Loans i
12
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 12
  • January '25 Jan '25 3
  • December '24 Dec '24 7
  • November '24 Nov '24 9
  • October '24 Oct '24 8
  • September '24 Sep '24 10
  • August '24 Aug '24 11
  • July '24 Jul '24 4
  • June '24 Jun '24 11
  • May '24 May '24 5
  • April '24 Apr '24 10
  • March '24 Mar '24 6

Madison, NJ 07940 Foreclosure Activity

There were a total of 1 Madison, NJ 07940 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
1
(Feb 2025)
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
Foreclosure Starts i
1
(Feb 2025)
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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