New Jersey Home Values & Market Trends
There have been 107,639 properties sold in the New Jersey real estate market trends. Median home values in the New Jersey housing market are $498,116.91. The median residential home value for transactions over the last 12 months is 420,186.773. The State of New Jersey currently has 29,094 properties in foreclosure, 434 bank owned properties, and 2,164 headed for auction.
New Jersey Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Ocean | $ 454,237 $ 276/sqft | Somerset | $ 546,300 $ 315/sqft |
Monmouth | $ 669,000 $ 347/sqft | Mercer | $ 342,900 $ 238/sqft |
Middlesex | $ 476,000 $ 298/sqft | Gloucester | $ 319,800 $ 184/sqft |
Atlantic | $ 300,700 $ 196/sqft | Hudson | $ 563,050 $ 368/sqft |
Bergen | $ 681,800 $ 375/sqft | Passaic | $ 495,850 $ 297/sqft |
Essex | $ 541,950 $ 307/sqft | Sussex | $ 361,050 $ 234/sqft |
Camden | $ 280,100 $ 179/sqft | Cumberland | $ 206,400 $ 136/sqft |
Cape May | $ 642,350 $ 496/sqft | Warren | $ 363,850 $ 211/sqft |
Morris | $ 623,100 $ 306/sqft | Hunterdon | $ 477,900 $ 247/sqft |
Burlington | $ 343,900 $ 208/sqft | Salem | $ 235,900 $ 154/sqft |
Union | $ 532,800 $ 339/sqft |
Housing Market Summary for New Jersey
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $477.3K | $462.5K | -3.11% |
Median Sold Price | $414.3K | $462.5K | 11.65% |
Homes For Sale | 10,672 | 9,249 | -13.33% |
Homes Sold | 62,979 | 55,653 | -11.63% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Jersey
Browse Homes in New Jersey
There are currently 10,579 properties for sale in New Jersey. The current home value ranges in price from 1 to 24,999,000. The total count of properties in the state is 2,611,083, and the percentage of properties for sale is 10579.00%.
- Pre-ForeclosurePre-foreclosure homes account for 1.01% of all residential properties in New Jersey with Camden containing 2569 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 21 counties within New Jersey; of those counties, the estimated home value for pre-foreclosure homes ranges from $730,800 in Morris to the lowest home value of $57,260 in Cumberland.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Jersey ranges from the highest value of $697,500 in Essex to the lowest value of $70,720 in Camden. Bank owned homes and properties account for 0.02% of properties in New Jersey. There are 21 counties within New Jersey; Camden containing 43 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBergen has 198 auction properties, the highest number of properties going to auction in a single county in the state of New Jersey. Auction homes and other auction properties account for 0.08% of all properties in New Jersey. There are 21 counties within New Jersey; of those counties, the median estimated home value for homes going to auction ranges from $1,869,000 in Hudson to the lowest value of $62,520 in Hudson.
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More Real Estate Resources for New Jersey
Guide for New Jersey
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