Is Sparta, NJ 07871 a buyer’s or seller’s market?
Sparta is a seller’s market. With about 2.3 months of supply and 61% 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.
#57 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #176 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 Sparta housing market right now
In the three months ending August 31, 2026, 61% of homes in Sparta, NJ 07871 sold above their list price, the typical home went under contract in 17 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 104 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 59%, homes sold faster (24 days then) and the median sale price fell 5% to $648,719. Overall, Sparta is more competitive than a year ago, so tougher for buyers.
Within Sussex County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 61%. On our competition score, Sparta ranks #88 of 444 NJ ZIP codes with enough sales (score 90 out of 100).
Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking) or Vernon 07462 (30% sold over asking), while Andover 07821 (71% sold over asking) and Stanhope 07874 (69% sold over asking) are even more competitive.
Run the numbers for 07871
Nearby markets
Andover 07821Seller’s market $292 /sq ftAugusta 07822Seller’s market $357 /sq ftBranchville 07826Balanced $289 /sq ftFranklin 07416Seller’s market $234 /sq ft Browse all markets →Towns like Sparta nearby
Find towns like Sparta in other states →Where Sparta is
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Questions about Sparta real estate
Is Sparta a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Sparta, NJ 07871 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 Sparta?
The typical home went under contract in 17 days in the latest three months.
Do homes in Sparta sell over asking?
61% 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 Sparta?
About 2.35% of a home’s value a year in Sparta Twp, Sussex County, or roughly $9,388 on a $400,000 home.
What is the median home price in Sparta?
The median sale price was $648,719 in the three months ending August 31, 2026, about $310 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