Statewide snapshot
Note: median price figures differ by data provider due to methodology (all homes vs. single-family, timing, and geography). Treat these as directional, not exact.
Where the market is headed
After the sharp double-digit price jumps of 2021–2022, growth has moderated to a slower, more sustainable pace: roughly 5.4% annually at the end of 2025, with most forecasts calling for 2–4% statewide appreciation through 2026. Inventory is slowly increasing and mortgage rates — hovering around 6.4%–6.6% — are expected to stay above 6% for the rest of the year, which is keeping the market from overheating but also keeping affordability tight for buyers.
Regional differences
North Jersey
NYC-commuter towns (Bergen, Essex, Hudson, Morris, Union counties) generally see the highest prices and fastest sales, driven by proximity to Manhattan via rail/PATH/ferry.
Central Jersey & Shore
Monmouth and Ocean county shore markets see strong seasonal swings, with spring/summer listing activity outperforming winter. Central NJ (Middlesex, Somerset, Mercer) tends to track closer to the statewide average.
South Jersey
Camden, Gloucester, Burlington, and Cumberland counties are generally more affordable, with a slower pace of sales — good territory for first-time and value-focused buyers.
Sources
| Source | Data |
|---|---|
| Redfin – NJ Housing Market | Median sale price, year-over-year change |
| Robert DeFalco Realty – NJ Market Report | February 2026 median price, growth trend |
| Freddie Mac Primary Mortgage Market Survey | Weekly average 30-year fixed rate |
| Bankrate – Today's Mortgage Rates | Daily mortgage rate averages |
| New Jersey Living Group – 2026 Forecast | Statewide 2026 growth forecast |
| Explore New Jersey – Market Rebalancing | Inventory and rate outlook |