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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 · New Jersey Housing Market Home prices in New-Jersey were up 8.8% year-over-year in October. At the same time, the number of homes sold rose 1.0% and the number of homes for sale rose 7.7%.
- 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...
Oct 30, 2024 · Now is the time to take action—reach out to our team today, and let’s explore the opportunities waiting for you. Townhouse-Condo Market Performance: September 2024 The New Jersey townhouse-condo market in September 2024 demonstrates mixed performance, with increases in listings and pending sales indicating improved buyer activity, but a decline in closed sales reflecting potential challenges.
A Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area.
What is the housing market like in Montclair today? In October 2024, Montclair home prices were up 8.0% compared to last year, selling for a median price of $950K. On average, homes in Montclair sell after 24 days on the market compared to 18 days last year.
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What is the housing market like in Morristown today? In October 2024, Morristown home prices were up 11.1% compared to last year, selling for a median price of $750K. On average, homes in Morristown sell after 19 days on the market compared to 18 days last year. There were 15 homes sold in October this year, up from 13 last year.
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