Is Short Hills, NJ 07078 a buyer’s or seller’s market?

The Short Hills housing market right now

In the three months ending August 31, 2026, 61% of homes in Short Hills, NJ 07078 sold above their list price, the typical home went under contract in 14 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (24 days then) and the median sale price rose 2% to $2,548,897. Overall, Short Hills 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 less often over asking than in 70%. On our competition score, Short Hills ranks #20 of 444 NJ ZIP codes with enough sales (score 96 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.