New Jersey Real Estate Market Trends & Home Values

New Jersey Market Overview

There have been 167,007 properties sold in the New Jersey real estate market trends. Median home values in the New Jersey housing market are $413,216. The median residential home value for transactions over the last 12 months is $380,084. The State of New Jersey currently has 23,850 properties in foreclosure, 99 bank owned properties, and 2,764 headed for auction.

Active Residential Inventory

34,676

Total Inventory

Recently Sold Properties

87,954

Total Sales (Last 6 Months)

Foreclosures ( 23,850 )

68.8%

Pre-foreclosures ( 20,987 )

60.5%

Bank Owned ( 99 )

0.3%

Auctions ( 2,764 )

8.0%

For Sale ( 10,826 )

31.2%

New Jersey Home Values

$413,216

There are currently 10,826 properties for sale in New Jersey. The current home value ranges in price from $850 to $17,500,000. The total count of properties in the state is 2,689,594, and the percentage of properties for sale is 31.2%.

New Jersey Real Estate Market Overview

New Jersey Foreclosures Market Overview

Last 24 Hours

Search By County

County	Median Est. Value
Bergen County	$514,413 $307.00/sqft
Monmouth County	$478,649 $260.22/sqft
Essex County	$406,837 $208.39/sqft
Middlesex County	$395,761 $265.00/sqft
Union County	$394,180 $270.70/sqft
Ocean County	$365,400 $229.00/sqft
Burlington County	$251,539 $160.23/sqft
Gloucester County	$245,678 $150.93/sqft
Atlantic County	$227,377 $146.00/sqft
Camden County	$217,456 $141.00/sqft

There are 21 counties within New Jersey; within these counties, the median estimated home value for homes in foreclosure ranges from $2,237,000 in Cape May County to the lowest value of $27,860 in Salem County. Foreclosure homes account for 0.89% of properties in New Jersey with Camden County containing 2,339 foreclosures, the highest number of foreclosure properties in a single county.