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New Jersey Housing Market $534,773 8.4% 1-yr. The average New Jersey home value is $534,773, up 8.4% over the past year and goes to pending in around 20 days.
4 days ago · In October 2024, home prices in New-Jersey were up 8.8% compared to last year, selling for a median price of $533,700. On average, the number of homes sold was up 1.0% year over year and there were 7,575 homes sold in October this year, up 7,497 homes sold in October last year. The median days on the market was 37 days. ….
Oct 30, 2024 · New Listings Surge by 11.6%: More Options for Buyers. September 2023: 2,240 new listings. September 2024: 2,499 new listings (+11.6%) YTD 2024: 21,783 new listings (+8.2% year-over-year) The 11.6% increase in new listings of townhomes and condos in New Jersey points to sellers feeling more confident in the market.
- 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...
Nov 1, 2024 · Price growth also seems to be favoring the Garden State, where prices climbed 48.4% between 2019 and 2023, outpacing New York’s 37.6%. As for New Jersey’s priciest locales, the top five most ...
Jul 23, 2024 · As of mid-2024, the median home price in New Jersey has seen a slight increase compared to the previous year. The median home price across the state is approximately $496,300, reflecting a modest 5.3% year-over-year appreciation. This increase is driven by factors such as limited housing inventory, high demand in desirable areas, and a robust ...
If you are considering moving to New Jersey, Trenton, Princeton Junction and Toms River are some of the top places to call home. Start exploring all homes and real estate in these top cities ...
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