Home Values

New Jersey Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$286,400

  • 7.0% 1-year change
  • 1.8% 1-year forecast

The median home value in New Jersey is $286,400. New Jersey home values have gone up 7.0% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in New Jersey is $171. The median price of homes currently listed in New Jersey is $295,000 while the median price of homes that sold is $305,000. The median rent price in New Jersey is $1,850.

Foreclosures will be a factor impacting home values in the next several years. In New Jersey 1.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New Jersey is 17.5%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New Jersey homeowners underwater on their mortgage is 19.9%.

Read more
Relative ZHVI
- +

New Jersey Market Overview

Data through Sep 30, 2014
  • $286,400 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $295,000 Median listing price
  • $305,000 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

New Jersey Market Health

Data through Sep 30, 2014
  • 6.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 122 Average days on Zillow (Aug 31, 2014)
  • 19.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 17.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes New Jersey
4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in New Jersey

Name Median ZHVI
Edison $340,500
Clifton $293,500
Jersey City $286,000
Name Median ZHVI
Lakewood Township $254,400
Toms River $248,800
Elizabeth $243,900
Name Median ZHVI
Paterson $217,500
Newark $199,300
Trenton $82,800

Listings & Sales

Data through Sep 30, 2014
  • $171 Median list price / sq ft
  • $181 Median sale price / sq ft
  • 40.1% Listings with price cut
24.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

New Jersey Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,972 New Jersey
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,850 Rent list price
  • $1.51 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading