New Jersey Housing Market
$580,353
3.9% 1-yrThe average New Jersey home value is $580,353, up 3.9% over the past year, and homes go to pending in around 22 days. (Updated on )
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.
New Jersey Key Takeaways
Typical Home Values: $580,353
1-Year Value Change: +3.9%
(Data through August 31, 2026)
New Jersey Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Regions
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
New Jersey Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in New Jersey?
The median home value in New Jersey is $580,353 as of August 2026. This represents a 3.9% increase year-over-year.
How do home values in New Jersey compare to the national average?
The median home value in New Jersey ($580,353) is higher than the U.S. national median ($368,697), representing a 57.4% difference.
Which counties in New Jersey have the highest home values?
The counties with the highest median home values in New Jersey include: Cape May County ($804,637), Bergen County ($791,116), Monmouth County ($787,429), Morris County ($717,390), Essex County ($675,065).
What metros in New Jersey have the fastest growing home values?
Metro areas with the highest year-over-year home value growth in New Jersey include: New York, NY (4.1%), Atlantic City, NJ (3.7%), Allentown, PA (3.2%), Philadelphia, PA (2.5%), Vineland, NJ (1.3%).
