Is Randolph, NJ 07869 a buyer’s or seller’s market?
Randolph is a seller’s market. With about 1.4 months of supply and 67% 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.
#39 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #89 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 Randolph housing market right now
In the three months ending August 31, 2026, 67% of homes in Randolph, NJ 07869 sold above their list price, the typical home went under contract in 19 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 91 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 58%, homes sold about as fast and the median sale price held steady to $826,143. Overall, Randolph is more competitive than a year ago, so tougher for buyers.
Within Morris County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, Randolph ranks #38 of 444 NJ ZIP codes with enough sales (score 94 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.
Run the numbers for 07869
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 Randolph nearby
Find towns like Randolph in other states →Where Randolph is
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Questions about Randolph real estate
Is Randolph a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Randolph, NJ 07869 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 Randolph?
The typical home went under contract in 19 days in the latest three months.
Do homes in Randolph sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 104.2% of the list price.
What are property taxes in Randolph?
About 2.26% of a home’s value a year in Randolph Twp, Morris County, or roughly $9,052 on a $400,000 home.
What is the median home price in Randolph?
The median sale price was $826,143 in the three months ending August 31, 2026, about $351 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