2026 Market Report & Data · Data through May 2026 · Source: Redfin
$580K
Median Price
35
Days on Market
3.3
Months Supply
-0.4%
YoY Change
Balanced Market
Market Type
79
cities with 6+ months supply
228
cities with 3-6 months supply
340
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Ocean View | $16K | 56d |
| 2. Marlboro | $30K | 34d |
| 3. Johnsonburg | $40K | 309d |
| 4. South Seaville | $49K | 22d |
| 5. Heislerville | $65K | 20d |
| 6. Malaga | $69K | 179d |
| 7. Moonachie | $75K | 186d |
| 8. Port Elizabeth | $80K | 67d |
| 9. Dennisville | $85K | 31d |
| 10. Mountain Lake | $93K | 155d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Mantoloking | $7.00M | 7d |
| 2. Allenhurst | $5.60M | 14d |
| 3. Longport | $4.32M | 287d |
| 4. Alpine | $4.00M | 106d |
| 5. Saddle River | $4.00M | 66d |
| 6. Demarest | $3.39M | 160d |
| 7. Stone Harbor | $3.38M | 26d |
| 8. Green Village | $3.27M | d |
| 9. Avon-By-the-Sea | $3.26M | 22d |
| 10. Brookside | $3.10M | 6d |
79 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Fords | 34.0 mo | $660K | 53d |
| 2. Cape May | 25.0 mo | $2.10M | 22d |
| 3. Robbinsville | 24.0 mo | $935K | 71d |
| 4. Robbinsville Center | 23.0 mo | $935K | 71d |
| 5. Palermo | 18.0 mo | $485K | 8d |
| 6. Ridgefield Park | 17.0 mo | $620K | 268d |
| 7. Passaic | 16.0 mo | $684K | 96d |
| 8. Demarest | 13.5 mo | $3.39M | 160d |
| 9. Alpine | 12.0 mo | $4.00M | 106d |
| 10. Green Knoll | 12.0 mo | $1.33M | d |
340 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Mickleton | 0.3 mo | $550K | 10d |
| 2. Basking Ridge | 0.5 mo | $1.35M | 18d |
| 3. Dorothy | 0.5 mo | $166K | 46d |
| 4. Fieldsboro | 0.5 mo | $405K | 59d |
| 5. Hampton | 0.5 mo | $538K | 35d |
| 6. New Providence | 0.5 mo | $1.38M | 10d |
| 7. Rainbow Lakes | 0.5 mo | $795K | 15d |
| 8. Shrewsbury | 0.5 mo | $1.45M | 12d |
| 9. Stirling | 0.5 mo | $940K | 7d |
| 10. Voorhees | 0.5 mo | $534K | 94d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Mauricetown | 1d | $370K |
| 2. Lakehurst | 4d | $260K |
| 3. South Dennis | 5d | $315K |
| 4. Washington Crossing | 5d | $350K |
| 5. Brielle | 6d | $1.27M |
| 6. Brookside | 6d | $3.10M |
| 7. Branchville | 7d | $533K |
| 8. Mantoloking | 7d | $7.00M |
| 9. Nesco | 7d | $599K |
| 10. Stirling | 7d | $940K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Belmar | +86.1% | $1.38M |
| 2. Seaside Heights | +80.6% | $930K |
| 3. Pompton Plains | +65.8% | $630K |
| 4. West Freehold | +64.9% | $773K |
| 5. Sea Isle City | +64.7% | $2.10M |
| 6. Spring Lake | +61.1% | $2.76M |
| 7. New Providence | +56.1% | $1.38M |
| 8. Palisades Park | +54.8% | $1.25M |
| 9. Princeton Meadows | +53.0% | $612K |
| 10. Ridgefield | +52.8% | $1.38M |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Weston | -49.8% | $640K |
| 2. Wildwood Crest | -47.8% | $713K |
| 3. Franklin Lakes | -39.6% | $1.27M |
| 4. Fort Lee | -36.3% | $395K |
| 5. West New York | -35.4% | $503K |
| 6. Avalon | -34.5% | $1.90M |
| 7. Haddonfield | -34.4% | $825K |
| 8. Glen Ridge | -33.8% | $790K |
| 9. Lake Hopatcong | -33.7% | $580K |
| 10. Bernardsville | -33.6% | $858K |
The New Jersey housing market currently shows balanced market conditions, with a median sale price of $580K and 3.3 months of inventory supply. Homes in New Jersey typically sell in 35 days.
Whether you're buying or selling in New Jersey, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across New Jersey provides expert guidance tailored to your specific city and neighborhood.
New Jersey is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in New Jersey is approximately $580K as of May 2026. Prices range significantly across the state, with Mantoloking among the most expensive areas and Ocean View offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in New Jersey vary by city and market conditions. The fastest-selling markets include Mauricetown with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in New Jersey depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target New Jersey market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across New Jersey to help you find the right match.
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