Is Pequannock, NJ 07440 a buyer’s or seller’s market?
Pequannock is a seller’s market. With about 1.2 months of supply and 64% 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.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Pequannock housing market right now
In the three months ending August 31, 2026, 64% of homes in Pequannock, NJ 07440 sold above their list price, the typical home went under contract in 15 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (50 days then) and the median sale price rose 27% to $681,205. Overall, Pequannock 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 less often over asking than in 57%.
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.
Run the numbers for 07440
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 Pequannock nearby
Find towns like Pequannock in other states →Where Pequannock is
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Questions about Pequannock real estate
Is Pequannock a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Pequannock, NJ 07440 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 Pequannock?
The typical home went under contract in 15 days in the latest three months.
Do homes in Pequannock sell over asking?
64% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Pequannock?
About 1.78% of a home’s value a year in Pequannock Twp, Morris County, or roughly $7,120 on a $400,000 home.
What is the median home price in Pequannock?
The median sale price was $681,205 in the three months ending August 31, 2026, about $422 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