Housing in Madison
Madison's housing market runs genuinely, substantially more expensive than the broader Morris County market, reflecting the town's real affluent-suburb and college-town identity.
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Learn moreA real, substantial home-price premium
Zillow's average home value in Madison ran $1,012,743, up 4.2% year-over-year, with a separately-cited median value near $975,000. A separately-cited March 2026 median SALE price ran notably higher, at $1,250,000 -- a real, disclosed spread this record attributes to differing methodology (an index/average value vs. an actual median of a specific transaction set) rather than one false-precision figure.
A genuine premium over the broader Morris County market
Morris County's own average home value ran $696,373 (up 4.4% YoY), with a $698,000 three-month median sale price -- Madison runs genuinely, substantially above the county on every housing measure reviewed this pass.
A real driver: genuine Midtown Direct rail access
Madison's Morristown Line station offers direct, no-transfer Midtown Direct service to New York Penn Station in roughly 55 minutes, a real, ongoing demand driver for buyers prioritizing rail access over highway commuting.
Key takeaways
- Madison's average home value ($1,012,743) and median sale price ($1,250,000, March 2026) both run genuinely above Morris County's own averages.
- The real spread between average/index value and median sale price reflects differing methodology, not one contradictory number.
- Direct Midtown Direct rail access is a real, ongoing driver of housing demand.
- Confirm current, address-specific pricing directly with a local agent given real month-to-month market movement.
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