Published October 11, 2026 in Market Update

Short Hills moved faster even with more homes on the market

By Lena Pesso

Real estate, Short Hills

If you've been watching Short Hills and wondering whether the pace has slowed, the three months ending August 31, 2026 answer that clearly. The Real Estate Data Aggregator counted 70 homes sold in ZIP 07078, up 11.1% from the same stretch a year before. More homes sold, and they sold faster.

That share, tracked by the Real Estate Data Aggregator, rose 15.4 points from a year ago. Nearly half of all listings were gone before most buyers had time to schedule a second look. That is what good prep and a well-set price can do here.

More homes to choose from, but supply is still thin

The Real Estate Data Aggregator counted 23 homes for sale in ZIP 07078 during the period, up 43.8% from a year earlier. That sounds like a big jump. In practice, 1 month of supply is still very lean. Buyers have a little more to look at than last year, and that is genuinely helpful.

Sellers are getting above asking, more often than before

The Real Estate Data Aggregator put the average sale-to-list ratio at 105.6% for the period, up 0.6 points from a year ago. In Short Hills, a number like that is not a red flag. It usually means a home was listed below its expected value on purpose, to draw competing offers. Sixty percent of homes sold above list price, up 10.8 points from a year before.

About the median price

The Real Estate Data Aggregator put the median sale price in ZIP 07078 at $2,524,750 for the three months ending August 31, 2026, down 0.6% from a year before. That dip is worth naming honestly, and it is also worth understanding. In Short Hills, monthly closing volume is low enough that one or two estate-level sales, or their absence, can move the reported median by far more than the underlying market actually moved. The sale-to-list ratio and the speed numbers tell a steadier story here.

What mortgage rates mean for this market right now

Housing Wire expects mortgage rates to stay between 5.75% and 6.75% through 2026. That range has been in place for a while, and Short Hills buyers are clearly still moving. The Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026, and 0.3% from June to July alone, seasonally adjusted. The national trend and the local pace are pointing the same direction.

What this means if you are selling

Speed rewards preparation. The Real Estate Data Aggregator shows the median days on market fell to 14 days, 10 days shorter than a year ago. A well-prepared home, priced to reflect what buyers are actually paying, is the one that lands in the fast half of that data. A home that needs work or starts too high can still sit for months. The town-wide average blends both.

What this means if you are buying

The Real Estate Data Aggregator counted 38 new listings in ZIP 07078 during the period, up 22.6% from a year before. More homes are coming to market. That gives you more to compare. It does not change the fact that a well-positioned home can be gone in two weeks or less. Knowing which homes those are, before they list, is where preparation pays off for buyers too.