The Good Life Group's Market Report
Short Hills, NJ 07078
Single-Family Homes
Amy Paternite | 917-442-5130 and Ben Garrison | 917-940-3158
Short Hills, NJ 07078
Fri Feb 06 2026
This week the median list price for Short Hills, NJ 07078 is $3,997,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $3,997,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $528 | |
| Average Days on Market | 193 | |
| Median Days on Market | 126 | |
| Price Decreased | 6% | |
| Price Increased | 0% | |
| Relisted | 38% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
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Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,410,000 | 10,038 | 0.5 - 1 acre | 8 | 7 | 7 | 0 | 1 | 346 |
| $4,475,000 | 8,888 | 0.5 - 1 acre | 7 | 7.8 | 1 | 0 | 1 | 206 |
| $3,869,000 | 0 | 0.5 - 1 acre | 6 | 6.3 | 1 | 0 | 1 | 126 |
| $2,793,500 | 0 | 0.25 - 0.5 acre | 6 | 5.3 | 31 | 0 | 1 | 91 |