Is Mine Hill, NJ 07803 a buyer’s or seller’s market?
Mine Hill is a seller’s market. With about 2.4 months of supply and 75% 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 Mine Hill housing market right now
In the three months ending August 31, 2026, 75% of homes in Mine Hill, NJ 07803 sold above their list price, the typical home went under contract in 20 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold about as fast and the median sale price fell 12% to $467,298. Overall, Mine Hill is more competitive than a year ago, so tougher for buyers.
Within Morris County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell more often over asking than in 72%.
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 07803
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 Mine Hill nearby
Find towns like Mine Hill in other states →Where Mine Hill is
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Questions about Mine Hill real estate
Is Mine Hill a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Mine Hill, NJ 07803 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 Mine Hill?
The typical home went under contract in 20 days in the latest three months.
Do homes in Mine Hill sell over asking?
75% 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 Mine Hill?
About 1.90% of a home’s value a year in Mine Hill Twp, Morris County, or roughly $7,608 on a $400,000 home.
What is the median home price in Mine Hill?
The median sale price was $467,298 in the three months ending August 31, 2026, about $315 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