New Jersey Market Overview
New 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.
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.
NYC metro demand is your greatest asset. Position your home as a commuter value play and you'll reach a massive, motivated buyer pool.
Top Cities in New Jersey
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Newark | $328K | +6.2% | 18d | $198 |
| Jersey City | $648K | +5.8% | 16d | $488 |
| Montclair | $848K | +4.8% | 19d | $458 |
Market Health Indicators
Buyer Demographics
Affordability Calculator — New Jersey
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