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1. • $421,124

     • According to estimates from Zillow, a Seattle-based real estate data company, the value of a typical single-family home in New Jersey is $421,124, higher than the national average.
     247wallst.com/state/this-is-the-average-cost-of-a-home-in-new-jersey/

     This Is the Average Cost of a Home in New Jersey

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

   www.zillow.com › home-values › 40

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   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.

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

   www.redfin.com › state › New-Jersey

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   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.

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

   www.newjerseyrealestatenetwork.com › blog › new

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   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.

5. www.fool.com › money › researchAverage House Price by State in 2024 | The Motley Fool

   www.fool.com › money › research

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   Oct 31, 2024 · The most densely populated state, the average value of a typical single-family home in New Jersey in the third quarter was $552,036, per Zillow.

6. www.forbes.com › median-home-prices-by-stateMedian Home Price By State - Forbes

   www.forbes.com › median-home-prices-by-state

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   May 7, 2024 · The priciest was almost 3.5 times as much at $787,000. Redfin’s data covers all home types, including single-family houses, condos and townhomes.

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

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

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   May 12, 2023 · Using information from the U.S. News Housing Market Index, we’ve compiled the data you need for a better understanding of the New York-Newark-Jersey City metro real estate market in 2023....

8. People also ask

   What is the median house price in New Jersey?

   • The median price of houses in New Jersey is currently $443,000, which is higher than the national median sales price of $397,549. Over the past three years, the median house price in New Jersey has increased by 37.2%, compared to the national average of 35.7%. The state of New Jersey has seen moderate growth in housing demand in recent years.

   Housing Market & Prices New Jersey 2023 - Home Value Estimator

   realadvisor.com/housing-market-new-jersey/

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   What is the New Jersey single-family home market like?

   • The New Jersey single-family home market is vigorous, with significant price increases and competitive sales conditions. Both buyers and sellers need to navigate this market with clear strategies and realistic expectations, considering the fast pace and rising price environment that define the current real estate landscape in the state.

   New Jersey Real Estate Market Update - New for October 2024

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

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   How much is a home worth in New Jersey?

   • The most densely populated state, the average value of a typical single-family home in New Jersey in the third quarter was $552,036, per Zillow. The median household income in New Jersey is above the U.S. median, but it's not enough net income-to-home-value ratio to be considered affordable.

   Average House Price by State in 2024

   www.fool.com/money/research/average-house-price-state/

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   Why are New Jersey single-family homes so expensive?

   • A slight decrease in the number of single-family homes for sale in New Jersey suggests that inventory remains tight, contributing to the upward pressure on prices. For buyers, this means continued competition for available homes, while sellers benefit from a seller's market with limited supply driving demand.

   New Jersey Real Estate Market Update - New for October 2024

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

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   How much does a single family home cost?

   • Single Family Homes: The median sales price rose by 5.6%, bringing the average price of a home to $591,489. The increase in price reflects the competitive nature of the market, with buyers likely facing bidding wars for desirable properties.

   New Jersey Real Estate Market Update - New for October 2024

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

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   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

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9. realadvisor.com › housing-market-new-jerseyHousing Market & Prices New Jersey 2023 - Home Value Estimator

   realadvisor.com › housing-market-new-jersey

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   Jan 17, 2023 · The current median price of homes in New Jersey is $443,000 compared to the national median sales price of $397,549. Over the past three years, the median price of homes in New Jersey has increased by 37.2% compared to the national average of 35.7%.