Short Hills Makes Nation's Priciest Zip Code List

SHORT HILLS, NJ - Short Hills has made the top 100 list of most expensive zip codes in the nation last Monday, according to the website PropertyShark.

PropertyShark released their annual report on the 100 most expensive zip codes in the U.S. where Short Hills just made the list at number 100.

The methodology used in the list to figure out the most exclusive residential areas in the country bases their national ranking of zip codes based on actual closed sale prices, and not asking prices.

According to PropertyShark, this methodology is the most accurate benchmark of the country’s most expensive areas, as it allows the ranking of highly competitive markets where bidding wars push the sale price far above the initial asking price and at the same time it also means that ultra-luxury listings that stay on the market for extended periods of time and sell with substantial price cuts don’t skew rankings either.

According to the list, the median sales price of a home in in Short Hills is $1.426 million.

Key takeaways from the list:

• Atherton’s 94027 remains the #1 most expensive zip code thanks to a considerable spike in its median sale price
• California continues as the unchallenged leader of pricey zip codes, featuring 82 entries in our top 100
• Sagaponack’s 11962 regains median sale price values from 2016 with 95% price growth
• Silicon Valley is home to 30 of the country’s priciest zip codes, representing the highest concentration of expensive zips
• San Francisco and New York are the cities with the largest number of pricey zip codes, featuring 9 each
• 15 zip codes posted median sale prices above the $3M mark

(Photo courtesy of Realtor.com)

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