Market Overview
Home Prices in Short Hills, NJ
The median home value in Short Hills, NJ is $2,445,796 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Short Hills are priced497% above average. Short Hills is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Short Hills home values have risen by approximately50.8%, reflecting strong long-term appreciation in this market.
Price History
Short Hills Home Price Trend
City Comparison
Short Hills vs. National Median
At $2,445,796, homes in Short Hills cost 497% above the national median of $410,000. Buyers in Short Hills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Short Hills?
20% Down Payment
$489,159
on $2,445,796
Monthly P&I
$12,756/mo
30-yr @ 6.8%
Total Monthly Est.
~$16,200/mo
incl. taxes & insurance
Income Needed
$648,000
gross annual (30% rule)
10% Down Option
$244,580
+ PMI applies
Loan Amount (20% dn)
$1,956,637
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 Short Hills, NJ?
The median home value in Short Hills is $2,445,796 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Short Hills?
Over the past year, home values in Short Hills have increased by 7.4%. Over five years, prices have risen approximately 50.8%.
How much do I need to earn to buy a home in Short Hills?
To comfortably afford the median home price of $2,445,796 with a 20% down payment ($489,159) at today's rates (6.8%), you'd need a gross annual income of approximately $648,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Short Hills compare to the national average home price?
The national median home value is approximately $410,000. At $2,445,796, homes in Short Hills are 497% above the national average.
What metro area is Short Hills part of?
Short Hills 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.