07078, Short Hills, NJ

The Short Hills, NJ zip code 7078 has a median home value of $1,068,000 and a median home equity of $217,000. This is significantly higher than the statewide median home value of $197,500 and the national median home equity of $181,200. The high home values in the Short Hills zip code are likely due to its affluent population and proximity to New York City.

Despite the high home values in the Short Hills zip code, there is evidence that prices are beginning to decline. In 2017, the average sale price was down by 2% from 2016 and down by 10% from 2015. This suggests that there may be some downward pressure on prices in the near future.