Is Succasunna, NJ 07876 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Succasunna is a seller’s market. With about 0.8 months of supply and 80% 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.

Heat score92/ 100

#12 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #18 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

Months of supply0.8Under 4 months = seller’s market
Sold above original list80.4%Share of sales, last 3 months
Median sale-to-list106.2%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$324▼ −10.5% vs. last year

The Succasunna housing market right now

In the three months ending August 31, 2026, 80% of homes in Succasunna, NJ 07876 sold above their list price, the typical home went under contract in 15 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 47 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 93%, homes sold faster (22 days then) and the median sale price rose 11% to $704,695. Overall, Succasunna is less competitive than a year ago, which gives buyers more room.

Within Morris County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 85%. On our competition score, Succasunna ranks #11 of 444 NJ ZIP codes with enough sales (score 98 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.

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 →

Where Succasunna is

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Questions about Succasunna real estate

Is Succasunna a buyer’s or seller’s market?

A seller’s market: there were 0.8 months of supply in Succasunna, NJ 07876 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 Succasunna?

The typical home went under contract in 15 days in the latest three months.

Do homes in Succasunna sell over asking?

80% of homes sold above their original list price, and the typical sale closed at 106.2% of the list price.

What are property taxes in Succasunna?

About 2.00% of a home’s value a year in Morris County, where towns range from 0.98% to 2.84%, or roughly $8,016 on a $400,000 home.

What is the median home price in Succasunna?

The median sale price was $704,695 in the three months ending August 31, 2026, about $324 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