07940 Home Values & Market Trends
There are 16 homes currently listed for 07940. 07940 real estate market trends show that home prices range from $695,000 to $3,150,000, and the median sales price in the 07940 zip code is $924,668.67. The total number of properties sold within the past twelve months is 183. In 07940, 15 properties are in foreclosure, 0 are bank owned properties,and 2 are headed for auction.
07940 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Madison | $ 957,100 $ 448/sqft |
Housing Market Summary for 07940
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.4M | $872.7K | -39.81% |
| Median Sold Price | $820.3K | $872.7K | 6.39% |
| Homes For Sale | 25 | 10 | -60.00% |
| Homes Sold | 90 | 74 | -17.78% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07940
Browse Homes in 07940
The median list price of a home in Madison, is $924,668.67. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 07940 properties is 4,327.
- Pre-ForeclosurePre-foreclosure homes account for 0.30% of all residential properties in 07940 with madison containing 13 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07940; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,460,000 in madison to the lowest home value of $715,800 in madison.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07940 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07940. There is 1 cities within 07940; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmadison has 2 auction properties, the highest number of properties going to auction in a single city in the state of 07940. Auction homes and other auction properties account for 0.05% of all properties in 07940. There is 1 cities within 07940; of that cities, the median estimated home value for homes going to auction ranges from $1,109,000 in madison to the lowest value of $883,700 in madison.
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Guide for 07940
In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.