New Jersey housing market
Statewide listing data for September 2026, the latest month Realtor.com® Economic Research has published, with two years of history. Checked October 8, 2026.
New Jersey at a glance
NortheastSource: Realtor.com® Economic Research (New Jersey, September 2026). Asking prices and active listings, not closed sales.
What the data says
- There are 17.5% more homes for sale in New Jersey than a year ago.
- The median asking price is roughly flat over the past year.
- 13% of active listings have had at least one price reduction.
- The typical listing spends 45 days on the market, 2 days longer than a year ago.
Repeat sales and appraisals of the same homes, published quarterly with a lag of about two months.
Two-year trend
Median listing price, New Jersey
| Period | Value |
|---|---|
| 2024-09-01 | $580K |
| 2024-10-01 | $572K |
| 2024-11-01 | $550K |
| 2024-12-01 | $542K |
| 2025-01-01 | $535K |
| 2025-02-01 | $545K |
| 2025-03-01 | $550K |
| 2025-04-01 | $569K |
| 2025-05-01 | $575K |
| 2025-06-01 | $579K |
| 2025-07-01 | $578K |
| 2025-08-01 | $560K |
| 2025-09-01 | $557K |
| 2025-10-01 | $550K |
| 2025-11-01 | $549K |
| 2025-12-01 | $529K |
| 2026-01-01 | $520K |
| 2026-02-01 | $529K |
| 2026-03-01 | $544K |
| 2026-04-01 | $554K |
| 2026-05-01 | $569K |
| 2026-06-01 | $575K |
| 2026-07-01 | $575K |
| 2026-08-01 | $565K |
| 2026-09-01 | $560K |
Homes for sale, New Jersey
| Period | Value |
|---|---|
| 2024-09-01 | 16K |
| 2024-10-01 | 16K |
| 2024-11-01 | 15K |
| 2024-12-01 | 13K |
| 2025-01-01 | 12K |
| 2025-02-01 | 12K |
| 2025-03-01 | 13K |
| 2025-04-01 | 14K |
| 2025-05-01 | 16K |
| 2025-06-01 | 17K |
| 2025-07-01 | 18K |
| 2025-08-01 | 18K |
| 2025-09-01 | 18K |
| 2025-10-01 | 18K |
| 2025-11-01 | 17K |
| 2025-12-01 | 14K |
| 2026-01-01 | 13K |
| 2026-02-01 | 13K |
| 2026-03-01 | 14K |
| 2026-04-01 | 16K |
| 2026-05-01 | 18K |
| 2026-06-01 | 19K |
| 2026-07-01 | 20K |
| 2026-08-01 | 20K |
| 2026-09-01 | 21K |
Listings follow a seasonal pattern each year; compare a month with the same month a year earlier.
New Jersey compared with the U.S.
Compare with another state| Measure | New Jersey | United States |
|---|---|---|
| Median listing price | $559,500 (+0.4% y/y) | $419,250 (−1.4% y/y) |
| Homes for sale | 21,036 (+17.5% y/y) | 1,161,615 (+5.4% y/y) |
| Median days on market | 45 days (+2 days y/y) | 61 days (Unchanged y/y) |
| Listings with a price cut | 13.0% (+0.9 pts y/y) | 20.8% (+0.9 pts y/y) |
| Median list price per sq ft | $312 (−1.0% y/y) | $223 (−1.7% y/y) |
Sources: Realtor.com® Economic Research (New Jersey, September 2026); Realtor.com® Economic Research (United States, September 2026). “y/y” is the change from the same month a year earlier.
An affordability illustration
Run your own numbersThe inputs
- Median listing price (September 2026)$559,500
- Down payment20% ($111,900)
- Loan amount$447,600
- Rate: 30-year fixed, national (Week of Oct 1, 2026)7.28%
- Median household income, New Jersey (2025)$111,400
This is an illustration, not a lender calculation. It leaves out property taxes, homeowners insurance, mortgage insurance and HOA dues, which can add several hundred dollars or more a month. The rate is a national average for strong-credit borrowers; your rate may differ.
Sources: Realtor.com® Economic Research (New Jersey, September 2026); Freddie Mac Primary Mortgage Market Survey, via FRED, Federal Reserve Bank of St. Louis (United States, Week of Oct 1, 2026); U.S. Census Bureau, Current Population Survey, via FRED, Federal Reserve Bank of St. Louis (New Jersey, 2025).
Editor’s notes on New Jersey
Written March 2026; conditions may have changedNew Jersey's housing market is dominated by its role as a NYC suburb. Property taxes are among the highest in the nation — a persistent deterrent but not enough to offset demand from NYC-area families seeking space and school quality. Jersey City continues its transformation into a Manhattan alternative.
For buyers
Calculate total monthly cost including property taxes before comparing to NYC options. The math still works in most NJ suburbs, but taxes are genuinely significant.
For sellers
NYC metro demand is your greatest asset. Position your home as a commuter value play and you'll reach a massive, motivated buyer pool.
These notes are background written by our editors in March 2026, before the data above. Where they differ, the dated figures on this page are more current.