US housing market report · August 2026
The state of the New Jersey housing market.
Median home value and city-by-city trends across New Jersey, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
New Jersey median value
$577K
Zillow ZHVI, August 2026
Cities covered
36
with published pages
Report video
Monthly
per city, on each hub
12-month outlook · data through August 2026
Where are New Jersey home values headed?
Current typical value
$576,681
Zillow ZHVI median, August 2026
Past 12 months
+3.9%
change in the median
12 months out
$600,000
if the recent trend continues
Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.
Where values are climbing
Fastest appreciating New Jersey cities
- $2.21MUp12.3%
- $1.38MUp10.7%
- $696KUp9.6%
- $511KUp9.3%
- $1.08MUp9.2%
- $1.07MUp8.4%
- $1.18MUp8.0%
- $464KUp6.8%
- $1.1MUp5.8%
- $861KUp5.5%
Where the market is cooling
Fastest cooling New Jersey cities
- $135KDown13.6%
- $337KDown2.9%
- $647KDown0.3%
- $500KUp0.1%
- $448KUp0.7%
- $529KUp0.8%
- $513KUp1.1%
- $337KUp1.2%
- $497KUp1.4%
- $442KUp1.6%
Priciest markets in the state
Most expensive New Jersey cities by median value
- $2.21M
- $1.38M
- $1.18M
- $1.1M
- $1.08M
- $1.07M
- $1.04M
- $942K
- $938K
- 10Hoboken$883K
Common questions
What people ask us.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in New Jersey, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the New Jersey market index.