New Jersey Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for New Jersey. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in New Jersey, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in New Jersey. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in New Jersey. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the New Jersey. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in New Jersey during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in New Jersey, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of New Jerseys list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of New Jerseys sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in New Jersey, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of New Jerseys rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in New Jersey (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in New Jersey whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in New Jersey whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in New Jersey that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in New Jersey that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in New Jersey where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in New Jersey whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in New Jersey whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in New Jersey that were sold in the past 12 months.
  • $279,100
  • 5.7%Y-o-Y
  • Calculated 07/18/2014*
  • *Includes data and transactions through 06/30/2014
 
 
 
 
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This data is not available for New Jersey.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
Jun 2014
40
0.9%
1.4%
5.7%
279100
394348
0.6%
0.1%
3.6%
187700
394928
0.3%
0.7%
2.0%
328700
395164
0.9%
-0.3%
1.7%
212800
395193
1.1%
2.7%
6.1%
131300
 
Zillow Home Value IndexY-o-Y
New Jersey$279,1005.7%
Delaware$205,8007.7%
Maryland$248,6005.0%
Connecticut$240,6002.8%
Washington D.C.$461,40010.9%
New York$252,4004.6%
Mortgage Rates
 
Homes for Sale
  1. 492 Columbia Blvd, Wood Ridge, NJ Home For Sale
    492 Columbia Blvd, Wood Ridge, NJ 07075

     For Sale: $299,000

    • Beds: 3
    • Sqft: 886
    • Baths: 1.5
    • Lot: 4199
  2. 25 Barry Dr S, Highland Lakes, NJ Home For Sale
    25 Barry Dr S, Highland Lakes, NJ 07422

     For Sale: $166,900

    • Beds: 2
    • Sqft: 816
    • Baths: 1.0
    • Lot: 21344
  3. 121 Brown Trl, Hopatcong, NJ Home For Sale
    121 Brown Trl, Hopatcong, NJ 07843

     For Sale: $124,900

    • Beds: 3
    • Sqft: 1012
    • Baths: 2.0
    • Lot: 23958
Coming Soon
  1. 935 E Mount Airy Ave, Philadelphia, PA ComingSoon Home
    935 E Mount Airy Ave, Philadelphia, PA 19150

     Coming Soon: $210K

    • Beds: 3
    • Sqft: 1312
    • Baths: 1.0
    • Lot: 2600
  2. 699 Remsen Ave # HOUSE, Brooklyn, NY ComingSoon Home
    699 Remsen Ave # HOUSE, Brooklyn, NY 11236

     Coming Soon: $625K

    • Beds: 5
    • Sqft: --
    • Baths: 2.0
    • Lot: --
  3. 42 Laforge Ave, Staten Island, NY ComingSoon Home
    42 Laforge Ave, Staten Island, NY 10302

     Coming Soon: $315K

    • Beds: 3
    • Sqft: 981
    • Baths: 1.5
    • Lot: 2940
Home Design Ideas and Photos