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2. • $494,792

     • New Jersey’s home values jumped to eighth highest in the nation in September as the state’s real estate market continues to surge higher, the latest Zillow data showed. The typical home value in New Jersey was $494,792, up 6.19% since September 2022. That’s the second steepest increase in the nation.
     Reference:

     N.J.’s home prices now rank 8th in nation. See ... - nj.com

3. www.zillow.com › home-values › 40New Jersey Housing Market: 2024 Home Prices & Trends | Zillow

   www.zillow.com › home-values › 40

   • Cached

   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.

4. www.redfin.com › state › New-JerseyNew Jersey Housing Market: House Prices & Trends | Redfin

   www.redfin.com › state › New-Jersey

   • Cached

   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.

5. www.newjerseyrealestatenetwork.com › blog › newNew Jersey Real Estate Market Update - New for October 2024

   www.newjerseyrealestatenetwork.com › blog › new

   • Cached

   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.

6. realestate.usnews.com › real-estate › housing-marketNew Jersey Housing Market Forecast | The U.S. News Housing ...

   realestate.usnews.com › real-estate › housing-market

   • Cached

   May 12, 2023 · In March 2023, the median home price in New Jersey was $660,000, according to Redfin data, marking a 2.2% decrease year over year. On a national level, the median home price in March 2023 was...

7. www.houzeo.com › blog › new-jersey-real-estate-marketNew Jersey Real Estate Market: Predictions for 2024 - Houzeo

   www.houzeo.com › blog › new-jersey-real-estate-market

   • Cached

   • So, How Is The Real Estate Market in New Jersey?
   • New Jersey Real Estate Market Statistics
   • New Jersey Housing Market Predictions 2024
   • When Will The Housing Market Crash in New Jersey?
   • Is It A Buyer’s Or Seller’S Market?
   • Find Your New Home with Houzeo in New Jersey Real Estate Market

   Swell! Home values in New Jersey rose by 49.1% in the last 5 years. Home sales decreased by 7.5% in January 2024 YoY. Maybe due to the mortgage rate climbing to a two-decade high of nearly 8%! And the number of houses for sale in NJ was 20,527 in the month, 16.7% less than in 2023. New Jersey’s housing market is bearish. The decrease in home sales ...

   See full list on houzeo.com

   Average Home Prices: New Jersey’s median home price is $494,900, up by 16.1% YoY. In 2024, the median sale price will keep increasing marginally due to NJ’s tight inventory. The sale-to-list price...

   Home Sales: As per January 2023 data, home sales decreased by 7.5%YoY! In January 2024, only 5,317 homes were sold, down from 5,750 in January 2023.

   Average Rent Prices: Rental costs vary statewide. An average tenant in Princeton pays $2,514, while the one living in Newark pays $1,465.

   Median Days on Market: The median days on the market for homes for sale was 42days, down 14 days YoY.

   See full list on houzeo.com

   New Jerseyans have survived the shockwaves of skyrocketing mortgage rates and rising home prices of 2023. Here’s what we predict for New Jersey’s housing market: 1. Home Sellers Will Return to the Market in 2024: Sellers who chose the sidelines in 2023 will come back. Especially those who can’t avoid new jobs or want to move to a cheap place. Whitn...

   See full list on houzeo.com

   Even though Americans are moving out of the Garden State, a housing market crash in New Jersey is unlikely. New Jersey’s cost of living is 15% higher than the state’s average. The average cost of living for one person in Princeton, NJ, is $3,110, making it one of the most expensive places to live in NJ. Primarily, retirees are moving out of the sta...

   See full list on houzeo.com

   2024 will be a terrific market for sellers. (And buyers, too!) Home prices in New Jersey are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in NJ was only 20,527 in January 2024. There is very limited inventory to satiate the demand from house hunters. This also makes it the best time to sell ...

   See full list on houzeo.com

   With thousands of property listings, Houzeo.com is one of the biggest home listing sites in the US. Find condos, townhouses, co-ops, and other homes for saleon Houzeo. Disclaimer:This article is for informational purposes only. It does not constitute an offer, solicitation of an offer, or any advice or recommendation. Houzeo doesn’t provide any leg...

   See full list on houzeo.com

   • 4.9/5 (7.1K)

   • Author: Houzeo

8. www.marketwatch.com › story › new-jersey-house-priceNew Jersey house prices rise at fastest rate in the nation ...

   www.marketwatch.com › story › new-jersey-house-price

   Aug 1, 2023 · Despite having the highest property taxes in the nation, New Jersey ranked first as its homes rose in value by 6.9% in June year-over-year. Nationally, home prices grew 1.6% on the year in June...

9. People also ask

   How much is a home worth in New Jersey?

   • The Guide to Understanding Your Home Value. In March 2023, the median home price in New Jersey was $660,000, according to Redfin data, marking a 2.2% decrease year over year. On a national level, the median home price in March 2023 was $401,000, down 2.4% from a year prior.

   New Jersey Housing Market Forecast - U.S. News Real Estate

   realestate.usnews.com/real-estate/housing-market-index/articles/new-jersey-housing-market-forecast

   See all results for this question

   How much does a home cost in New Jersey?

   • Fort Lee homes sold for a median sale price of $560,000 in January, up 144% year-over-year. Homes in Union City sold for a median sale price of $600,000, a 55.8% increase year-over-year. In fact, there were no markets in New Jersey where prices declined year-over-year. Interest rates are at record highs, with few home buyers.

   New Jersey Real Estate Market: Predictions for 2024 - Houzeo

   www.houzeo.com/blog/new-jersey-real-estate-market/

   See all results for this question

   What percentage of New Jersey homes sold above list price?

   • In September 2024, 54.7% of homes in New-Jersey sold above list price, down 2.7 points year over year. There were only 19.1% of homes that had price drops, up from 14.0% of homes in September last year. There was a 102.1% sale-to-list price, down 0.33 points year over year. …

   New Jersey Housing Market: House Prices & Trends | Redfin

   www.redfin.com/state/New-Jersey/housing-market

   See all results for this question

   Why are New Jersey home prices so high?

   • The significant 24.2% drop in available homes for sale, coupled with a reduced months' supply, underscores the core issue in New Jersey's market: there simply aren't enough homes available to meet demand, which continues to drive prices upward. Buyers: In this seller's market, be prepared for stiff competition and higher prices.

   New Jersey Real Estate Market Update - New for October 2024

   www.newjerseyrealestatenetwork.com/blog/new-jersey-real-estate-market-update/

   See all results for this question

   What is the housing market like in New Jersey?

   • Home prices in New-Jersey were up 9.4% year-over-year in September. At the same time, the number of homes sold fell 7.4% and the number of homes for sale rose 7.5%. What is the housing market like right now? In September 2024, home prices in New-Jersey were up 9.4% compared to last year, selling for a median price of $539,300.

   New Jersey Housing Market: House Prices & Trends | Redfin

   www.redfin.com/state/New-Jersey/housing-market

   See all results for this question

   How did New Jersey's housing market perform despite a slowdown?

   • 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. The 6.9% overall increase in median sales price suggests that demand remains strong, especially for single-family homes and adult community properties.

   New Jersey Real Estate Market Update - New for October 2024

   www.newjerseyrealestatenetwork.com/blog/new-jersey-real-estate-market-update/

   See all results for this question

10. www.nj.com › data › 2023N.J.’s home prices now rank 8th in nation. See ... - nj.com

    www.nj.com › data › 2023

    Nov 4, 2023 · The typical home value in New Jersey was $494,792, up 6.19% since September 2022. That’s the second steepest increase in the nation. Hawaii, California and the District of Columbia had the...