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$533,700
- 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.
www.redfin.com/state/New-Jersey/housing-market
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.
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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.
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.
- 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 21, 2024 · Rising Median Sales Prices: The median sales price for all property types increased by 6.7% year-over-year, reaching $539,000. Strong Demand: The number of pending sales, indicating buyer interest, remained stable compared to the previous year.
Jul 23, 2024 · How Much Do Homes Cost in New Jersey? 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.
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Jun 30, 2023 · According to New Jersey Realtors data, the statewide median sale price for a single-family home in May was an even $500,000. That’s a 2.0 percent increase since May of last year and...
