October housing market activity and year-to-date trends across eight northern New Jersey communities
What is happening in the northern New Jersey real estate market this fall?
Our October 2026 NJ real estate market report highlights home sales in Summit, Short Hills, Millburn, Maplewood, South Orange, Chatham Township, Madison, and Morris Township in the Morristown area.
We examine average sale prices, days on market, homes sold, and how final sale prices compare with asking prices.
In addition, we look at year-to-date trends through October 2026 and compare them with the same period in 2025.
Summit NJ Real Estate Market: October 2026
Summit’s real estate market continued to show strong buyer activity in October.
The average sale price reached $1,309,419, while the average list price was $1,159,793.
A total of 15 homes sold during the month, spending an average of 36 days on the market.
Homes sold for an average of 111.3% of their asking price.
These figures indicate that buyers continued to compete for homes in Summit during the fall market.
For homeowners considering selling, the October results highlight the importance of understanding neighborhood demand and recent comparable sales.
Summit’s downtown, Midtown Direct train service, and residential neighborhoods remain key features of the local housing market.
Short Hills NJ Real Estate Market: October 2026
Short Hills continued to record significant luxury home sales in October.
The average sale price reached $3,472,000. Five homes sold during the month, spending an average of 51 days on the market.
Homes sold for an average of 99.67% of their asking price.
Looking at the broader market, the year-to-date average sale price reached $2,774,171. That represents an 8.04% increase compared with the same period in 2025.
A total of 122 homes sold through October, up 9.91% year over year.
These figures show why monthly activity and longer-term trends should be considered together when evaluating the Short Hills luxury market.
Millburn NJ Real Estate Market: October 2026
Millburn recorded an average home sale price of $1,235,560 in October.
Five homes sold, spending an average of 19 days on the market.
Properties sold for an average of 109.99% of their asking price.
Year-to-date, the average sale price reached $1,549,882. This represents a 16.98% increase compared with 2025.
However, the number of homes sold declined from 64 to 48 year over year.
Millburn offers access to downtown shops, restaurants, local schools, and Midtown Direct train service.
Maplewood NJ Real Estate Market: October 2026
Maplewood continued to show notable pricing activity during October.
The average sale price was $1,009,385, with 13 homes sold.
Properties spent an average of 18 days on the market and sold for 109.21% of their asking price.
Year-to-date, the average sale price reached $1,228,922. That represents a 21.21% increase compared with 2025.
Meanwhile, the number of homes sold declined from 210 to 187.
Maplewood’s distinctive architecture, downtown village, restaurants, and NYC train access remain important features for buyers exploring the area.
South Orange NJ Real Estate Market: October 2026
South Orange recorded an average home sale price of $1,195,565 in October.
A total of 14 homes sold, with an average of 21 days on the market.
Homes sold for 110.07% of their asking price.
Year-to-date, the average sale price reached $1,160,746, up 11.25% compared with 2025.
In addition, 147 homes sold through October, compared with 131 during the same period last year.
South Orange offers a mix of historic homes, neighborhood character, restaurants, and convenient rail service to New York City.
Chatham Township NJ Real Estate Market: October 2026
Chatham Township recorded an average sale price of $1,084,815 in October.
Thirteen homes sold, spending an average of 26 days on the market.
The average sale-to-list price ratio was 100.97%.
Year-to-date, the average sale price reached $1,688,291. That represents a 3.91% increase compared with 2025.
Average days on market declined from 33 to 22 year over year.
Chatham Township offers established residential neighborhoods, parks, and access to nearby downtown amenities.
Madison NJ Real Estate Market: October 2026
Madison recorded an average home sale price of $1,392,643 in October.
Fourteen homes sold, with an average of 24 days on the market.
Properties sold for 101.94% of their asking price.
Year-to-date, the average sale price reached $1,524,130, an increase of 3.35% compared with 2025.
The number of homes sold also increased from 104 to 118.
Madison’s downtown, train station, restaurants, and residential neighborhoods remain important features of the local market.
Morris Township and Morristown Area Real Estate Market: October 2026
Morris Township, located around Morristown, recorded an average sale price of $928,187 in October.
Twenty homes sold during the month, spending an average of 25 days on the market.
Homes sold for 104.83% of their asking price.
Year-to-date, the average sale price reached $1,062,910. That represents a 9.62% increase compared with 2025.
The number of homes sold increased from 186 to 200.
For buyers exploring the Morristown area, Morris Township offers residential neighborhoods, parks, and convenient access to downtown Morristown.
What Do the October 2026 Housing Market Numbers Mean?
Across the seven communities with year-to-date comparison data, average sale prices increased compared with the same period in 2025.
However, the number of homes sold varied by town.
Short Hills, South Orange, Madison, and Morris Township experienced increases in year-to-date transactions. Meanwhile, Millburn, Maplewood, and Chatham Township recorded fewer sales.
For sellers, these numbers reinforce the importance of accurate pricing, thoughtful presentation, and strategic marketing.
For buyers, understanding local market conditions and recent comparable sales can help guide decisions.
Most importantly, real estate trends are local. Each neighborhood and property has its own characteristics.
Looking Ahead in the Northern New Jersey Real Estate Market
As we approach the end of 2026, buyers and sellers continue to navigate changing market conditions across northern New Jersey.
Whether you’re considering selling your home in Summit or Short Hills, exploring Millburn and Maplewood, or searching in South Orange, Chatham, Madison, or the Morristown area, local market knowledge matters.
The Winterbottom Team provides personalized guidance, neighborhood expertise, and a strategic approach to buying and selling real estate.
Thinking about your next move? Contact The Winterbottom Team to discuss your home’s value and current market opportunities.
Source: The Winterbottom Team October 2026 market reports. Monthly figures reflect October 2026. Year-to-date comparisons reflect January through October 2025 versus January through October 2026. Summit year-to-date comparison figures were not provided. Chatham Township and Morris Township statistics do not represent Chatham Borough or Morristown Town.
