Photo: JERRYE & ROY KLOTZ MD · CC BY-SA 3.057 homes sold in Mendham in the last year, at a typical $966K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mendham homes are listed.
Every place Mendham homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mendham.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Mendham’s sales, at a typical $965K
57 homes sold in the year to May 2026.
typical sale · 56 sold in 12 months
- Per square foot
- $420NJ $331
- Days to sell
- 25
- Sold over asking
- 55%
- Listings with a price cut
- 22%
Multi-family (2–4 units): 1 sold, typical $999K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.7 times the 2016 price
57 sales in the last year, against 104 in 2021 and a low of 52 in 2024. The typical sale went from $569K in 2016 to $966K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $950K buys in Mendham
Check a listing against what Mendham homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Mendham are more common than before the pandemic, but 86% fewer homes come up for sale
We read every month of Mendham’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 57 sales.
If you’re buying in Mendham
- Shop in May. It brings about 10 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- Some room to negotiate. 24% of listings cut their price, about as many as before the pandemic.
- Expect to bid over asking. Buyers paid 104.2% of the list price on average; 56% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 25 days.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 12 a month), and the most competition: 38% close over asking. May offers nearly as much choice with fewer homes bid up (30%). December has the least competition (15%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than New Jersey
| Mendham now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 56% | 12% | 37% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 1% | 2% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | 21% | 12% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 104.2% | 96.3% | 99.9% | 101.2% |
| Days to sellMedian days from listing to contract | 25 | 123 | 107 | 45 |
8 homes for sale on a typical day
That’s 86% fewer than in 2017–19 and well under 2018’s 59.
1 in 4 listings has cut its price
24% in the last year, against 21% in 2017–19 and 17% across New Jersey.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 3.
Best time to buySchools
The schools grade for Mendham, from test results, graduation and how much students grow.
Schools in MendhamCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Brookside, Lyons and Succasunna sell for less a square foot
The busier markets within 25 miles of Mendham, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Morristown | 121 | $708K | $433 | 67% | 24 |
| Succasunna | 100 | $624K | $345 | 80% | 27 |
| Bernardsville | 82 | $1.1M | $414 | 52% | 28 |
| Basking Ridge | 71 | $1.3M | $473 | 70% | 21 |
| Mendham | 57 | $966K | $425 | 56% | 25 |
| Lyons | 38 | $1.1M | $412 | 71% | 28 |
| Brookside | 27 | $1.4M | $405 | 44% | 34 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mendham, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mendham. People who follow the town see it, and so do people comparing Mendham with their own town. No commission, no listing fee.
Questions about buying a home in Mendham
What do homes sell for in Mendham, NJ?
57 homes sold in the year to May 2026 at a typical $966K, $425 a square foot.
Is Mendham a buyer’s or seller’s market?
A seller’s market: 11 homes were for sale in May 2026 and 8 sold, about 1.4 months of supply. Buyers paid 104.2% of asking on average, and 24% of listings cut their price.
When is the best time to buy in Mendham?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Mendham?
Zillow, Redfin, Realtor.com and Homes.com all carry Mendham’s MLS listings; the search links above open each one filtered to Mendham.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).