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$534,773
- The average New Jersey home value is $534,773, up 8.4% over the past year and goes to pending in around 20 days.
www.zillow.com/home-values/40/nj/New Jersey Housing Market: 2024 Home Prices & Trends | Zillow
Sep 22, 2021 · 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.
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%.
May 7, 2024 · Redfin’s data covers all home types, including single-family houses, condos and townhomes. Learn more about U.S. median home prices by state and some key factors behind those prices.
- 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 · Median sales price rose by 5.7% to $369,950. Inventory decreased by 5.1% year-over-year. This article can be expanded upon by adding information about the affordability of homes in New Jersey. Affordability in the New Jersey Housing Market.
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Know before you buy in New Jersey! Use our patented search to check NJ home appreciation rates, average house values, rental prices, the current housing market forecast, historical real estate trends and more.
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related to: What is the average home value in New Jersey?Calculate Your House's Estimated Market Value in Less Than 2 Minutes. Try Us Today! Use Our Fast & 100% Free Calculator to Get Your House's Estimated Value. Try Us Today!
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