New Jersey

New Jersey Home Values & Market Trends

There have been 115,335 properties sold in the New Jersey real estate market trends. Median home values in the New Jersey housing market are $484,054.16. The median residential home value for transactions over the last 12 months is 420,858.849. The State of New Jersey currently has 28,294 properties in foreclosure, 657 bank owned properties, and 2,333 headed for auction.

New Jersey Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Ocean

$ 459,463

$ 265/sqft

Burlington

$ 327,071

$ 205/sqft

Monmouth

$ 672,476

$ 341/sqft

Somerset

$ 542,000

$ 298/sqft

Middlesex

$ 470,005

$ 298/sqft

Passaic

$ 495,236

$ 282/sqft

Atlantic

$ 376,209

$ 215/sqft

Hudson

$ 598,800

$ 357/sqft

Bergen

$ 699,968

$ 362/sqft

Mercer

$ 349,970

$ 241/sqft

Essex

$ 500,384

$ 266/sqft

Sussex

$ 353,200

$ 237/sqft

Morris

$ 593,455

$ 305/sqft

Gloucester

$ 305,078

$ 183/sqft

Camden

$ 270,366

$ 175/sqft

Cumberland

$ 243,969

$ 163/sqft

Union

$ 509,200

$ 327/sqft

Warren

$ 359,047

$ 203/sqft

Cape May

$ 716,419

$ 482/sqft

Hunterdon

$ 510,890

$ 246/sqft

See More

Housing Market Summary for New Jersey

Aug 2022August 2023Change
Median Listing Price$470.5K$438.8K-6.73%
Median Sold Price$413.3K$438.8K6.17%
Homes For Sale15,68811,972-23.69%
Homes Sold84,09859,136-29.68%
Price
$/Sqft
Homes For Sale
0
0

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%.

0
0

Browse Homes in New Jersey

There are currently 11,644 properties for sale in New Jersey. The current home value ranges in price from 1 to 40,000,000. The total count of properties in the state is 2,610,389, and the percentage of properties for sale is 29.16%.

Foreclosure
There are 21 counties within New Jersey; within these counties, the median estimated home value for homes in foreclosure ranges from $10,800,000 in Camden to the lowest value of $46,130 in Camden. Foreclosure homes account for 1.00% of properties in New Jersey with Camden containing 2794 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.97% of all residential properties in New Jersey with Camden containing 2501 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 $10,800,000 in Bergen to the lowest home value of $46,130 in Camden.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Jersey ranges from the highest value of $1,950,000 in Bergen to the lowest value of $51,267 in Camden. Bank owned homes and properties account for 0.03% of properties in New Jersey. There are 21 counties within New Jersey; Camden containing 74 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Essex has 233 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 0.09% 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 $6,270,770 in Essex to the lowest value of $63,020 in Essex.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.45% of residential properties in New Jersey with Ocean containing 2442 homes for sale, the highest number of listed properties in a single county. There are 21 counties within New Jersey; homes for sale in those counties, have a range of median values from $24,706,512 in Cape May to the lowest value of $39,776 in Atlantic.
    Sold Homes
    The median value for recently sold homes ranges from $11,392,085 in Bergen to the lowest price of $20,000 in Bergen. There are 21 counties within New Jersey. Ocean has 7195 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.24% of properties in New Jersey.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      New Jersey
      $
      $

      More Real Estate Resources for New Jersey