New Jersey (NJ) housing market
Warm MarketStatewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.
Data period: September 2026
Market snapshot
- Median sale price
- $558K
- Median days on market
- 44 days
- Months of supply
- 3.5
- Active inventory
- 32,962
- Homes sold
- 7,084
- Sale-to-list ratio
- 101.0%
- Listings with price drop
- 13.3%
- Data month
- September 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- Medium
- Pricing signal vs. U.S. median
- Harder buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Appreciation
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Warm Market
The market is active with moderate buyer demand.
New Jersey market summary
The New Jersey housing market is heating up. As of September 2026, the median home sale price is $558K, up 2.3% year-over-year. Homes are spending a median of 44 days on the market, 10.2% shorter than a year ago.
There are 32,962 homes for sale — 9.0% more than last year. With 3.5 months of supply, this is a seller's market. 9,263 new listings were added during this period, down 0.2% year-over-year.
Homes are selling for 101.0% of their list price on average, indicating buyers are paying above asking. 43.1% of homes sell above their asking price. 13.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
54
Contributing Factors
How This Market Compares
vs. National Median
Investor takeaway
Prices are 42% above the national median. Model rent-to-price and expenses carefully before assuming cash flow.
New Jersey market trends
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Detailed market metrics
Median list price
$559K
Price per sq ft
$331
Sale-to-list ratio
101.0%
Months of supply
3.5
Sold above list
43.1%
Price drops
13.3%
New listings
9,263
↓ 0.2% YoY
Pending sales
7,904
New Jersey housing market FAQs
What is the median home price in New Jersey?
For the latest published month, the median sale price in New Jersey is $558K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is New Jersey a buyer's or seller's market?
With about 3.5 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in New Jersey?
For the latest published month, the median days on market in New Jersey is 44 days — half of homes went pending faster and half slower.
Is New Jersey good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. New Jersey can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in New Jersey?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for New Jersey deals.
Metro markets in New Jersey
Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.
More New Jersey housing market data
Compare how New Jersey fits nationally on the U.S. housing market overview, or browse the top 100 U.S. metro housing markets by sales activity.
New to underwriting? Read how much cash it takes to buy a rental in 2026 — then stress-test assumptions in the calculators above.
Underwrite a New Jersey rental with real numbers
Cash flow, Cap Rate, DSCR, and cash-on-cash return — built for speed without skipping rigor.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.