Is Maplewood, NJ 07040 a buyer’s or seller’s market?
Maplewood is a seller’s market. With about 1.1 months of supply and 81% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#8 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #12 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Maplewood housing market right now
In the three months ending August 31, 2026, 81% of homes in Maplewood, NJ 07040 sold above their list price, the typical home went under contract in 14 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 97 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 74%, homes sold about as fast and the median sale price rose 26% to $1,149,503. Overall, Maplewood is more competitive than a year ago, so tougher for buyers.
Within Essex County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in 87%. On our competition score, Maplewood ranks #8 of 444 NJ ZIP codes with enough sales (score 98 out of 100).
Nearby, buyers who want less competition could look at Newark 07102 (25% sold over asking) or Essex Fells 07021 (33% sold over asking), while Glen Ridge 07028 (100% sold over asking) and Montclair 07043 (94% sold over asking) are even more competitive.
Run the numbers for 07040
Nearby markets
Belleville 07109Seller’s market $372 /sq ftBloomfield 07003Seller’s market $421 /sq ftCaldwell 07006Seller’s market $434 /sq ftCedar Grove 07009Seller’s market $422 /sq ft Browse all markets →Towns like Maplewood nearby
Find towns like Maplewood in other states →Where Maplewood is
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Questions about Maplewood real estate
Is Maplewood a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Maplewood, NJ 07040 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Maplewood?
The typical home went under contract in 14 days in the latest three months.
Do homes in Maplewood sell over asking?
81% of homes sold above their original list price, and the typical sale closed at 115.4% of the list price.
What are property taxes in Maplewood?
About 2.43% of a home’s value a year in Maplewood Twp, Essex County, or roughly $9,736 on a $400,000 home.
What is the median home price in Maplewood?
The median sale price was $1,149,503 in the three months ending August 31, 2026, about $599 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology