The typical home value in
Mendham
is projected to be
$1,298,000
for the month of
March.
February’s
finalized data reported the typical value of a home in the
city
to be
$1,154,500—up
16.62%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$625,000
in
Morris County
for the most recent reporting period.
That number is expected to float around
$599,000
in
March.
Mendham
had
4
new listings and
6
listings that went under contract in
February,
decreasing
the area’s total available inventory to
3—down
50.0%
from the previous month. Inventory is projected to have further
decreased
in
March.
Of those
3
active listings,
33.33%
reduced their price in the month of
February.
The median listing price for homes in
Mendham
grew
38.93%
from
January
to
February,
bringing the current median listing price to
$1,042,000.
Based on projected data for
March,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
rose sharply
year-over-year. In
February 2026,
the median time for a listed property to go pending was
21
days, compared to
-3
days in
February 2025.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
March.
