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WHIPPANY, NJ 07981

Real Estate Market Report  ·  Morris County
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The WHIPPANY, NJ real estate market (07981) currently shows 8 active listings, with 3 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 30 days on market compared to 39 days last year.

The median listing price has risen 54.1% year-over-year, from $567,975 to $875,000.

Whether you are buying or selling in WHIPPANY, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 8,938  ·  Density: 572.5/mi²  ·  Median household income: $144,573

Typical home value: $603,940  ·  Homeownership: 89.2%

Market Overview

Active Listings
8
⇩ 20% vs 10 last year
Pending
3
38% pending ratio
Median Price
$875,000
⇧ 54.1% vs $567,975 last year
Average Price
$906,650
⇧ 33% vs $681,778 last year
Days on Market
30
⇩ 23.1% vs 39 days last year

Price Per Square Foot

Median $/sqft
$363
vs $363/sqft last year
Median Home Size
3,516 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 10 last year
  • Days on market: 30 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $875,000 (+54.1% YoY)
  • Average: $906,650 (+33% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.1 miles — 299 listings ($462,623,600 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07981Whippany, NJ 079810.0 mi9$7,881,003$817,000$875,667
07054Parsippany, NJ 070542.4 mi23$18,420,148$725,000$800,876
07932Florham Park, NJ 079323.5 mi20$35,165,460$1,300,000$1,758,273
07034Lake Hiawatha, NJ 070344.4 mi17$8,889,300$399,950$522,900
07878Mount Tabor, NJ 078784.5 mi6$2,608,500$434,750$434,750
07960Morristown, NJ 079604.9 mi58$75,179,194$899,999$1,296,193
07039Livingston, NJ 070395.5 mi57$112,882,800$1,899,000$1,980,400
07068Roseland, NJ 070685.8 mi11$11,255,442$835,000$1,023,222
07045Montville, NJ 070456.4 mi14$14,703,150$838,500$1,050,225
07005Boonton, NJ 070057.2 mi29$30,189,000$849,000$1,041,000
07004Fairfield, NJ 070047.3 mi10$8,396,700$779,000$839,670
07078Short Hills, NJ 070787.4 mi26$102,261,718$3,988,000$3,933,143
07901Summit, NJ 079018.1 mi19$34,791,185$1,300,000$1,831,115

Frequently Asked Questions

How many homes are for sale in WHIPPANY, NJ 07981?

As of February 2026, there are 8 active listings in WHIPPANY, NJ (zip code 07981), compared to 10 the prior year.

What is the median home price in WHIPPANY, NJ 07981?

The median listing price in WHIPPANY, NJ 07981 is $875,000 as of February 2026, a 54.1% increase from $567,975 the prior year.

How long do homes stay on the market in WHIPPANY, NJ?

Homes in WHIPPANY, NJ 07981 spend an average of 30 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in WHIPPANY, NJ 07981?

Based on current inventory and days-on-market data as of February 2026, WHIPPANY, NJ 07981 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 30 days on market compared to 39 days last year.

How much can I save on real estate commission in WHIPPANY, NJ?

With SELL123.com's maximum 3% commission, sellers in WHIPPANY, NJ 07981 save an estimated $17,500 compared to a typical 5% commission on the median listing price of $875,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.