New Jersey Housing Market

$559,826

3.0% 1-yr

The average New Jersey home value is $559,826, up 3.0% over the past year and goes to pending in around 23 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

New Jersey Key Takeaways

Typical Home Values: $559,826

1-year Value Change: +3.0%

(Data through October 31, 2025)

New Jersey Housing Market Overview

--1-year Market Forecast

24,202For sale inventory(October 31, 2025)

8,069New listings(October 31, 2025)

1.007Median sale to list ratio(September 30, 2025)

$532,737Median sale price(September 30, 2025)

$543,000Median list price(October 31, 2025)

54.6%Percent of sales over list price(September 30, 2025)

32.5%Percent of sales under list price(September 30, 2025)

23Median days to pending(October 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Cities in New Jersey

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New Jersey Homes for Sale

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New Jersey Rental Market Trends

--Average rent in New Jersey

$1,949National average rent(October 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.