New Jersey Home Values & Market Trends

There have been 108,174 properties sold in the New Jersey real estate market trends. Median home values in the New Jersey housing market are $560,205. The median residential home value for transactions over the last 12 months is 480,551. The State of New Jersey currently has 23,641 properties in foreclosure, 307 bank owned properties, and 1,852 headed for auction.

New Jersey Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Ocean

$ 526,291

$ 312/sqft

Cape May

$ 639,000

$ 468/sqft

Monmouth

$ 800,980

$ 406/sqft

Union

$ 618,600

$ 397/sqft

Middlesex

$ 539,050

$ 343/sqft

Hudson

$ 613,500

$ 454/sqft

Atlantic

$ 378,000

$ 244/sqft

Gloucester

$ 362,600

$ 200/sqft

Bergen

$ 760,300

$ 413/sqft

Passaic

$ 565,400

$ 344/sqft

Burlington

$ 377,500

$ 229/sqft

Sussex

$ 414,450

$ 265/sqft

Essex

$ 706,200

$ 378/sqft

Cumberland

$ 270,800

$ 174/sqft

Camden

$ 332,950

$ 204/sqft

Hunterdon

$ 641,050

$ 288/sqft

Morris

$ 642,900

$ 343/sqft

Warren

$ 433,300

$ 229/sqft

Somerset

$ 629,600

$ 342/sqft

Salem

$ 248,800

$ 155/sqft

Mercer

$ 433,600

$ 272/sqft

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Housing Market Summary for New Jersey

Jun 2024May 2025Change
Median Listing Price$545.5K$481.3K-11.78%
Median Sold Price$473.5K$503K6.23%
Homes For Sale12,73017,25335.53%
Homes Sold52,27857,3769.75%
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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%.

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Browse Homes in New Jersey

There are currently 17,404 properties for sale in New Jersey. The current home value ranges in price from 12 to 22,490,000. The total count of properties in the state is 120,177, and the percentage of properties for sale is 17404.00%.

Foreclosure
There are 21 counties within New Jersey; within these counties, the median estimated home value for homes in foreclosure ranges from $2,100,000 in Cumberland to the lowest value of $42,000 in Cumberland. Foreclosure homes account for 19.00% of properties in New Jersey with Camden containing 2247 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 17.88% of all residential properties in New Jersey with Camden containing 2015 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 $816,800 in Bergen to the lowest home value of $42,000 in Cumberland.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Jersey ranges from the highest value of $450,000 in Bergen to the lowest value of $100,400 in Atlantic. Bank owned homes and properties account for 0.26% of properties in New Jersey. There are 21 counties within New Jersey; Camden containing 34 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Camden 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 1.54% 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 $801,600 in Somerset to the lowest value of $92,120 in Somerset.
Homes for Sale
Homes and properties that are actively listed for sale account for 14.48% of residential properties in New Jersey with Ocean containing 3420 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 $2,091,000 in Bergen to the lowest value of $40,450 in Cumberland.
    Sold Homes
    The median value for recently sold homes ranges from $1,880,000 in Union to the lowest price of $49,320 in Union. There are 21 counties within New Jersey. Ocean has 6854 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 46.17% of properties in New Jersey.

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      Guide for New Jersey

      new jersey blog hero image
      New Jersey
      New Jersey Pre-Foreclosures Drop 57%—But Risks Remain
      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Georgia
      Georgia Pre-Foreclosures Down 45%—Calm Before a Storm?
      See More Articles
      new jersey blog hero image
      New Jersey Pre-Foreclosures Drop 57%—But Risks Remain
      New Jersey|posted 11 March 2025
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024
      Georgia Pre-Foreclosures Down 45%—Calm Before a Storm?
      Georgia|posted 16 May 2025