Market statistics · Live · updated November 5, 2026
New Jersey housing market statistics
New Jersey housing market statistics for October 2026: median list price, homes for sale, days on market, price cuts and the monthly payment on a typical home, statewide and for every New Jersey metro, side by side with the U.S. Pulled from the publishers every day and free to quote with a link.
Jump to: New Jersey metros · vs. the U.S. · What's different in New Jersey · Charts
Key takeaways
The New Jersey housing market in October 2026
- New Jersey's median list price was $550,000 in October 2026, flat from a year earlier, the 12th highest of the 50 states and D.C.
- 21,759 homes were for sale, 23.6% more than a year earlier and 46.1% below the same month in 2019. That inventory change ranks 5th of 51.
- The typical listing sat 45 days (U.S.: 63), and 15.1% of listings had a price cut (U.S.: 20.5%).
- In the New York-Newark-Jersey City, NY-NJ metro, the state's largest by households, the median list price was $745,000 (down 2.3%) with 40,320 homes for sale.
- Principal and interest on New Jersey's median-priced listing, 20% down at Freddie Mac's 7.24%, is about $2,999 a month (U.S. median: $2,263).
- On the FHFA house price index, New Jersey home values were up 5.4% over the year to the quarter starting April 2026.
Metros
New Jersey metro housing statistics, October 2026
Every New Jersey metro area in Realtor.com's data, largest first. Tap a column to sort. The small line is the change from a year earlier.
| New York-Newark-Jersey City, NY-NJ | $745,000−2.3% | $498 | 40,320+11.5% | 53 | 12.6% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $375,000−1.3% | $227 | 14,429+19.7% | 48 | 20.0% |
| Allentown-Bethlehem-Easton, PA-NJ | $405,000+1.4% | $208 | 1,700+21.2% | 38 | 16.7% |
| Atlantic City-Hammonton, NJ | $525,000−1.2% | $410 | 2,207+6.3% | 61 | 15.5% |
| Trenton-Princeton, NJ | $449,990+0.0% | $279 | 851+28.2% | 54 | 17.1% |
| Vineland, NJ | $303,000−8.0% | $200 | 352+8.6% | 56 | 18.5% |
Metro areas are the Census Bureau's core-based statistical areas; a metro that crosses a state line is listed in each state it covers.
Side by side
New Jersey vs. the U.S.
| October 2026 | New Jersey | U.S. | Rank of 51 |
|---|---|---|---|
| Median list price | $550,000 | $415,000 | 12th |
| Price per sq ft | $311 | $222 | – |
| Homes for sale | 21,759 | 1,183,520 | 19th |
| Inventory change, 1 yr | +23.6% | +7.4% | 5th |
| Median days on market | 45 | 63 | 47th |
| Price cut share | 15.1% | 20.5% | 46th |
| Pending ratio | 0.47 | 0.32 | – |
Rank of the 50 states and D.C., 1 = highest. Pending ratio = pending listings divided by active listings.
Affordability
The monthly payment on a median-priced New Jersey home
$2,999 a month
Principal and interest on $550,000, 20% down, 30-year fixed at 7.24%. A year earlier, the same math came to $2,686: $312 a month more now. On the U.S. median listing it is $2,263.
Taxes, insurance, HOA dues and mortgage insurance are extra; in New Jersey they can change the real monthly cost a lot from one county to the next. A Total Cost of Ownership report adds them for a specific home.
Local knowledge
What's different about buying and selling in New Jersey
Attorney review, seller-paid transfer fees that now reach 3.5% and property tax relief programs. What New Jersey clients should know.
3-business-day attorney review
When an agent prepares the contract for a 1-4 family home, either side's attorney has three business days from delivery of the signed contract to review it. If neither attorney disapproves in that window, the contract becomes binding.
Seller now pays the old mansion tax, up to 3.5%
The seller pays a graduated realty transfer fee, and since July 10, 2025 also pays the Graduated Percent Fee on sales over $1 million: 1% up to $2 million, rising to 3.5% above $3.5 million, applied to the whole price. On a $2.75 million sale that fee alone is $68,750.
Average property tax bill: $10,340
New Jersey's average 2025 residential property tax bill was $10,340, on an average assessment of $404,656. Bills vary widely by town, so check the actual bill for the address.
ANCHOR and Stay NJ cut the bill for many owners
ANCHOR pays homeowners $1,500 (2025 income up to $150,000) or $1,000 (up to $250,000). Stay NJ pays owners 65 and older up to $6,500 a year, depending on income. Seniors file one combined PAS-1 form; the 2025 deadline is November 2, 2026.
General information for agents, checked against the sources below on October 23, 2026. It is not legal or tax advice; rules change, so confirm details for a specific transaction with the right professional.
Trends
How New Jersey's numbers have moved
New Jersey median list price
New Jersey homes for sale
New Jersey median days on market
Share of New Jersey listings with a price cut
New Jersey house price index (FHFA)
30-year fixed mortgage rate
Questions
New Jersey housing questions, answered with today's numbers
What is the median home price in New Jersey?
The median list price in New Jersey was $550,000 in October 2026, per Realtor.com. That is the asking price of the middle listing; closed-sale medians come from the MLS or county records.
How many homes are for sale in New Jersey?
21,759 active listings in October 2026, 46.1% below the same month in 2019.
Is New Jersey a buyer's or seller's market?
Statewide, listings took a median 45 days and 15.1% had a price cut in October 2026. Markets differ a lot by metro and price range; the metro table on this page shows each one, and an Area Market Report shows one neighborhood.
What is the monthly payment on a median-priced home in New Jersey?
About $2,999 a month for principal and interest on $550,000 with 20% down at 7.24%. Property taxes, insurance and HOA dues are extra and vary widely across New Jersey.
Free to quote. Use any number on this page with its month and source, and link to agentcos.com/market-statistics/new-jersey/.
Want this for one neighborhood?
These are statewide and metro listing numbers. An Area Market Report gives you 12 months of closed sales for one subdivision, neighborhood or ZIP, built from your MLS export, with your logo on it.
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Sources
- Realtor.com Economic Research, Residential Real Estate Data, state and metro monthly files (median list price, price per square foot, active and pending listings, days on market, price-reduced share). realtor.com/research/data
- Freddie Mac, Primary Mortgage Market Survey, weekly. freddiemac.com/pmms
- Federal Housing Finance Agency, House Price Index for New Jersey (all transactions), quarterly, through FRED. fred.stlouisfed.org
- New Jersey Real Estate Commission (N.J.A.C. 11:5-6.2), via Cornell LII, “N.J. Admin. Code 11:5-6.2 Contracts of sale, leases and listing agreements,” accessed October 23, 2026. law.cornell.edu
- New Jersey Division of Taxation, “Amendments to Graduated Percent Fee on Realty Transfers Over $1 Million,” July 2, 2025. nj.gov
- New Jersey Division of Taxation, “2025 Average Residential Statistics,” accessed October 23, 2026. www.nj.gov
- New Jersey Division of Taxation, “Stay NJ - Property Tax Relief for Senior Citizens,” updated October 20, 2026. www.nj.gov
Listing numbers describe asking prices and inventory, not closed sales. The page refreshes from the publishers at least twice a day; each publisher updates on its own schedule.