Will home prices go up in New Jersey in 2027?

The recent trend points up. The median value moved +3.7% over the past 12 months, and a simple extension of the past 12 months puts the typical value near $609,000 by June 2027. This is a trend projection, not a prediction: actual values depend on mortgage rates, inventory, and local conditions.

What is the typical home value in New Jersey?

The typical home value in New Jersey is $583,133 as of June 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have New Jersey home values changed in the past year?

The median home value in New Jersey changed +3.7% over the 12 months ending June 2026, based on the Zillow Home Value Index.

US housing market report · June 2026

The state of the New Jersey housing market.

Name: New Jersey Housing Market Report by Home Value Pros
Creator: Home Value Pros
License: https://www.homevaluepros.com/terms

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

$583K

Zillow ZHVI, June 2026

Cities covered

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through June 2026

Where are New Jersey home values headed?

Current typical value

$583,133

Zillow ZHVI median, June 2026

Past 12 months

+3.7%

change in the median

12 months out

$609,000

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

1Cherry Hill
$467KUp6.6%
2Princeton
$961KUp3.2%
3Atlantic City
$222KUp1.7%
4Newark
$497KUp1.3%
5Jersey City
$651KDown0.7%

Where the market is cooling

Fastest cooling New Jersey cities

1Jersey City
$651KDown0.7%
2Newark
$497KUp1.3%
3Atlantic City
$222KUp1.7%
4Princeton
$961KUp3.2%
5Cherry Hill
$467KUp6.6%

Priciest markets in the state

Most expensive New Jersey cities by median value

1Princeton
$961K
2Jersey City
$651K
3Newark
$497K
4Cherry Hill
$467K
5Atlantic City
$222K

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 June 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.