Is Pine Brook, NJ 07058 a buyer’s or seller’s market?
Pine Brook is a seller’s market. With about 0.4 months of supply and 94% 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.
#5 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #7 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 Pine Brook housing market right now
In the three months ending August 31, 2026, 94% of homes in Pine Brook, NJ 07058 sold above their list price, the typical home went under contract in 15 days and there were 0.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 92%, homes sold faster (22 days then) and the median sale price rose 16% to $985,573. Overall, Pine Brook is more competitive than a year ago, so tougher for buyers.
Within Morris County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, Pine Brook ranks #6 of 444 NJ ZIP codes with enough sales (score 98 out of 100).
Nearby, buyers who want less competition could look at Hibernia 07842 (0% sold over asking) or New Vernon 07976 (20% sold over asking), while Kenvil 07847 (100% sold over asking) and Mount Tabor 07878 (100% sold over asking) are even more competitive.
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Nearby markets
Boonton 07005Seller’s market $365 /sq ftBudd Lake 07828Seller’s market $325 /sq ftButler 07405Seller’s market $342 /sq ftCedar Knolls 07927Seller’s market $392 /sq ft Browse all markets →Towns like Pine Brook nearby
Find towns like Pine Brook in other states →Where Pine Brook is
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Questions about Pine Brook real estate
Is Pine Brook a buyer’s or seller’s market?
A seller’s market: there were 0.4 months of supply in Pine Brook, NJ 07058 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 Pine Brook?
The typical home went under contract in 15 days in the latest three months.
Do homes in Pine Brook sell over asking?
94% of homes sold above their original list price, and the typical sale closed at 109.5% of the list price.
What are property taxes in Pine Brook?
About 2.00% of a home’s value a year in Morris County, where towns range from 0.98% to 2.84%, or roughly $8,016 on a $400,000 home.
What is the median home price in Pine Brook?
The median sale price was $985,573 in the three months ending August 31, 2026, about $382 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