Is Picatinny Arsenal, NJ 07806 a buyer’s or seller’s market?
Picatinny Arsenal is a seller’s market. With about 2.2 months of supply and 29% 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.
#104 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #413 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 Picatinny Arsenal housing market right now
In the three months ending August 31, 2026, 29% of homes in Picatinny Arsenal, NJ 07806 sold above their list price, the typical home went under contract in 31 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 39%, homes sold about as fast and the median sale price rose 9% to $466,898. Overall, Picatinny Arsenal is less competitive than a year ago, which gives buyers more room.
On our competition score, Picatinny Arsenal ranks #273 of 444 NJ ZIP codes with enough sales (score 72 out of 100).
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Where Picatinny Arsenal is
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Questions about Picatinny Arsenal real estate
Is Picatinny Arsenal a buyer’s or seller’s market?
A seller’s market: there were 2.2 months of supply in Picatinny Arsenal, NJ 07806 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 Picatinny Arsenal?
The typical home went under contract in 31 days in the latest three months.
Do homes in Picatinny Arsenal sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What is the median home price in Picatinny Arsenal?
The median sale price was $466,898 in the three months ending August 31, 2026, about $320 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