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$534,773
- The average New Jersey home value is $534,773, up 8.4% over the past year and goes to pending in around 20 days.
www.zillow.com/home-values/40/nj/New Jersey Housing Market: 2024 Home Prices & Trends | Zillow
The average home value in New Jersey is $534,773, up 8.4% over the past year. Learn more about the New Jersey housing market and real estate trends.
New-Jersey Housing Market Overview. What is the housing market like right now? In October 2024, home prices in New-Jersey were up 8.8% compared to last year, selling for a median price of $533,700.
What is your house worth? Check your Zestimate instantly. Improve your home’s value estimate with updated home facts. Request a free market value estimate today.
- What’s The New Jersey Housing Market like?
- How Does The New Jersey Housing Market Compare to The National Housing Market?
- New Jersey Metro Areas with The Hottest Housing Markets
- Higher Mortgage Rates Could Slow Price Growth in New Jersey
- New Jersey Historic Price Changes & Affordability
Home prices in New Jersey have appreciated 61.2% higher than the national level. Looking back three years at the median price in October 2019 compared to October 2022, prices have increased 37.2% in New Jersey VS 35.8% nationwide. As of October 2022, the median price for a home in the state was $443,000, which is up 7.9% above last year’s median pr...
The New Jersey housing market is similar to other markets because supply and demand drive housing prices. Mortgage rates also impact New Jersey in a similar way as the rest of the nation. New Jersey’s home prices and sales numbers have begun to slow down along with the rest of the country. Differences in the regional economy of some of New Jersey’s...
The state of New Jersey has seen moderate growth in housing demand in recent years. Consequently, prices have gone up at a good pace. There are some areas within the state that have outperformed others, though. We will look at the cities with the highest increase in the median price year over year. The top markets with the highest appreciation rate...
How will interest rates affect the New Jersey housing market? We are already experiencing the impact of rising interest rates across the nation. Price growth in New Jersey has been flattening or on a slight decline for several months in 2022. However, New Jersey is a popular destination that may fare better than many other areas of the country. As ...
The New Jersey housing market has seen moderate appreciation for years. The last 3 years have been favorable to homeowners as they saw their homes appreciate by 37.2% in 36 months. The steep rise in home prices and mortgage rates has shrunk affordability to record lows in the state. A 37.2% spike in home prices and a sharp increase in mortgage rate...
Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos.
Oct 30, 2024 · Single-family home median price rose 8.5% to $575,000. Townhouse-Condo median price increased 5.0% to $419,450. Adult communities' median price surged 9.9% to $368,000. New Jersey's housing market continues to defy expectations with steady price growth despite the slowdown in transactions.
People also ask
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What is the housing market like in New Jersey?
The median list price in New Jersey is $559,000 and the average price per square foot is $316. New Jersey Housing Market Insights. Popular Cities in New Jersey. Jersey City, NJ. Avg. list price. $765,000. Avg. price / sq. ft. $598. Avg. days on market. 56. 901 homes for sale. Montclair, NJ. Avg. list price. $985,000. Avg. price / sq. ft. $651.
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