Market Overview
Home Prices in Bernardsville, NJ
The median home value in Bernardsville, NJ is $1,041,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bernardsville are priced154% above average. Bernardsville is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Bernardsville home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Bernardsville Home Price Trend
City Comparison
Bernardsville vs. National Median
At $1,041,440, homes in Bernardsville cost 154% above the national median of $410,000. Buyers in Bernardsville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bernardsville?
20% Down Payment
$208,288
on $1,041,440
Monthly P&I
$5,432/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,899/mo
incl. taxes & insurance
Income Needed
$275,960
gross annual (30% rule)
10% Down Option
$104,144
+ PMI applies
Loan Amount (20% dn)
$833,152
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bernardsville, NJ?
The median home value in Bernardsville is $1,041,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Bernardsville?
Over the past year, home values in Bernardsville have increased by 4.4%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Bernardsville?
To comfortably afford the median home price of $1,041,440 with a 20% down payment ($208,288) at today's rates (6.8%), you'd need a gross annual income of approximately $275,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Bernardsville compare to the national average home price?
The national median home value is approximately $410,000. At $1,041,440, homes in Bernardsville are 154% above the national average.
What metro area is Bernardsville part of?
Bernardsville is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.