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17.79%
- New Jersey home prices have increased 17.79% between April of 2021 and 2023, according to a New Jersey Real Estate Network analysis of data on real estate website Zillow. Coming out of the COVID-19 shutdowns in April 2021, the average home price was just over $388,000. It was $457,044 as of this past April, the analysis showed.
www.northjersey.com/story/money/real-estate/2023/06/12/nj-real-estate-network-covid-pricing-report/70313810007/NJ home prices have increased since COVID. Report says how much
Jun 27, 2023 · Including every state that fronts the Atlantic Ocean, New Jersey ranked eighth in sale price jumps over the past two years. The Garden State’s average sale price in April 2021 was $388,005 and rose to $457,044.57 in April 2023, which represents a 17.79% increase in two years.
More single-family homes closed despite fewer listings in New Jersey. Looking by county, increases in the median sales price of single-family homes ranged between 9.1% (Essex County) to 25.3% (Salem County). Figure 1. Single-Family Home Listings, Closings, and Median Sales Price 2021. Source: R/Econ ™ calculations using data from New Jersey ...
Existing home prices, however, started rising in April 2020 and never really tailed off substantially; although they did wane somewhat toward the end of 2021. Indeed, over the first year of the pandemic the average price of existing homes in New Jersey rose more than 20%.
Jun 21, 2021 · Statewide, home sales were up 20% for January through April, compared with the same period in 2020. New Jersey's median home price rose from $335,000 to $407,000, up 21.5%.
- Mary Chao
- Staff Writer And Columnist
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 7.3%.
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Jun 29, 2021 · The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 14.6% annual gain in April 2021. The 10-City and 20-City Composites reported year-over-year increases of 14.4% and 14.9% respectively.
