Is Gillette, NJ 07933 a buyer’s or seller’s market?
Gillette is a seller’s market. With about 1.8 months of supply and 57% 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 Gillette housing market right now
In the three months ending August 31, 2026, 57% of homes in Gillette, NJ 07933 sold above their list price, the typical home went under contract in 13 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 69%, homes sold about as fast and the median sale price held steady to $724,686. Overall, Gillette is less competitive than a year ago, which gives buyers more room.
Within Morris County, homes here sell faster than in 98% of the county’s ZIP codes, and sell less often over asking than in 74%.
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 07933
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 Gillette is
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Questions about Gillette real estate
Is Gillette a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Gillette, NJ 07933 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 Gillette?
The typical home went under contract in 13 days in the latest three months.
Do homes in Gillette sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Gillette?
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 Gillette?
The median sale price was $724,686 in the three months ending August 31, 2026, about $397 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