Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 2 | 3 |
Acreage buckets
The median price for land in Mendham, New Jersey is currently $148K per acre. For a typical parcel, the median sale price is $730K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $695K while premium lots reached $1.1M.
The top-performing broker in this market is Turpin Real Estate, Inc..
Land in Mendham, New Jersey typically sells within 38 days of listing. The median time on market is 38 days. Properties are moving quickly in the current strong buyer's market.
There are currently 7 active listings in Mendham, New Jersey. 1 new listings have hit the market in the last 90 days. The median asking price is $999K.
Land in Mendham, New Jersey averages $161K per acre. The median price per acre is $148K, which may be more representative of typical transactions. Most parcels sold are around 5.4 acres.
The 12-month rate is 4.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Mendham, New Jersey saw 4 properties sold, totaling $3.5M in sales volume.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
