New Jersey Home Values & Market Trends
There have been 102,474 properties sold in the New Jersey real estate market trends. Median home values in the New Jersey housing market are $498,063.43. The median residential home value for transactions over the last 12 months is 417,698.096. The State of New Jersey currently has 4,204 properties in foreclosure, 468 bank owned properties, and 2,209 headed for auction.
New Jersey Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Ocean | $ 442,250 $ 274/sqft | Somerset | $ 513,300 $ 312/sqft |
Monmouth | $ 660,550 $ 340/sqft | Mercer | $ 342,800 $ 231/sqft |
Middlesex | $ 460,650 $ 294/sqft | Hudson | $ 574,350 $ 365/sqft |
Atlantic | $ 305,500 $ 210/sqft | Passaic | $ 489,700 $ 301/sqft |
Essex | $ 528,600 $ 290/sqft | Sussex | $ 351,050 $ 243/sqft |
Bergen | $ 653,300 $ 367/sqft | Gloucester | $ 302,800 $ 185/sqft |
Camden | $ 277,350 $ 176/sqft | Cumberland | $ 216,400 $ 149/sqft |
Cape May | $ 583,500 $ 450/sqft | Warren | $ 377,900 $ 207/sqft |
Morris | $ 594,850 $ 297/sqft | Hunterdon | $ 446,500 $ 258/sqft |
Union | $ 513,650 $ 336/sqft | Salem | $ 257,100 $ 154/sqft |
Burlington | $ 328,300 $ 207/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 9,310 properties for sale in New Jersey. The current home value ranges in price from 1,450 to 24,999,000. The total count of properties in the state is 2,611,010, and the percentage of properties for sale is 9310.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in New Jersey with Ocean containing 143 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 $1,393,000 in Hunterdon to the lowest home value of $60,640 in Camden.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Jersey ranges from the highest value of $692,100 in Passaic to the lowest value of $61,080 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 44 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsBergen has 226 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 $1,839,000 in Hudson to the lowest value of $63,240 in Hudson.
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Guide for New Jersey
A few quick tips to prepare you for selling a luxury home at auction
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.
The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.