Unshakable ZIP Data 07931 | Far Hills, NJ Housing Market
Far Hills · Somerset County · New York-Newark-Jersey City, NY-NJ-PA metro · New Jersey · Data updated June 19, 2026
The median sale price in ZIP 07931, Far Hills, New Jersey is $1,452,569 at $323 per square foot. 7 single-family homes sold in the latest period, down 44.6 percent from a year earlier. Homes sit a median of 143 days on market with 5.5 months of supply. Sellers are getting 96.1 percent of list price and 28.6 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $1,483,913 | |
| Average price per sq ft | $330 | |
| Median sale price | $1,452,569 | |
| Median sale price per sq ft | $323 | |
| Median home size | 4,495 sq ft | |
| Median new listing price | $1,611,227 | +43.2% |
| National size rank | 12,802 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 7 | -44.6% |
| Median days on market | 143 days | |
| Months of supply | 5.5 months | |
| New listings | 15 | -15.4% |
| Active listings | 28 | -34.0% |
| Pending sales | 13 | -12.2% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 96.1% | -2.6 pts |
| Share sold above list | 28.6% | -2.2 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
4-bedroom
$1,391,263
5-bedroom
$2,276,812
These figures describe the single-family market for Far Hills, New Jersey ZIP 07931. They are market context, not a substitute for sold comps or a formal appraisal.