New Jersey Housing Market

Warm Market

Housing market data and trends for New Jersey. Track median prices, inventory, days on market, and competition metrics for real estate investors.

Data period: January 2026

Median Sale Price

$551K

2.6% YoY

Days on Market

58 days

18.4% YoY

Active Inventory

16,758

5.3% YoY

Homes Sold

5,422

9.4% YoY

Warm Market

The market is active with moderate buyer demand.

New Jersey Market Summary

The New Jersey housing market is heating up. As of January 2026, the median home sale price is $551K, up 2.6% year-over-year. Homes are spending a median of 58 days on the market, 18.4% longer than a year ago.

There are 16,758 homes for sale — 5.3% more than last year. With 3.1 months of supply, this is a seller's market. 6,932 new listings were added during this period, down 3.5% year-over-year.

Homes are selling for 100.2% of their list price on average, indicating buyers are paying above asking. 41.3% of homes sell above their asking price. 14.8% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

60

Contributing Factors

Months of Supply 3.1
Days on Market 58
Price Drops 14.8%
Sale-to-List Ratio 100.2%
Market Temperature Warm

How This Market Compares

vs. National Median

Median Price (National: $423K) 30.4%
Days on Market (National: 66) 12.1%
Inventory (National: 1,210,379) 98.6%

Investor Takeaway

Prices are 30% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.

New Jersey Market Trends

Median Sale Price

Median Days on Market

Active Inventory

Homes Sold

Sale-to-List Ratio

Listings with Price Drops

Detailed Market Metrics

Median List Price

$553K

Price per Sq Ft

$332

Sale-to-List Ratio

100.2%

Months of Supply

3.1

Sold Above List

41.3%

Price Drops

14.8%

New Listings

6,932

3.5% YoY

Pending Sales

5,884

Find your next investment in New Jersey

Analyze any rental property deal in New Jersey — calculate cash flow, Cap Rate, DSCR, and more in under 60 seconds.

Try It Free

Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.