The typical home value in
New Jersey
is projected to be
$594,700
for the month of
July.
June’s
finalized data reported the typical value of a home in the
state
to be
$583,000—up
4.67%
over the previous 12 months.
New Jersey
had
10,357
new listings and
9,243
listings that went under contract in
June,
increasing
the area’s total available inventory to
21,702—up
2.0%
from the previous month. Inventory is projected to have further
increased
in
July.
Of those
21,702
active listings,
19.83%
reduced their price in the month of
June.
The median listing price for homes in
New Jersey
grew
0.5%
from
May
to
June,
bringing the current median listing price to
$578,000.
Based on projected data for
July,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
June 2025,
the median time for a listed property to go pending was
34
days, compared to
37
days in
June 2024.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
July.