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Market Intelligence · NJ

New Jersey home prices and housing market.

Real market data across 41 cities and 90 ZIP markets in NJ. The typical home is worth about $575K.

Updated September 2026Typical value$575K

The typical home value in New Jersey is $575K as of September 2026, up 3.9% from a year ago, based on the Zillow Home Value Index. In the typical New Jersey ZIP code, the median list price is $596K and homes spend a median of 44 days on market as of September 2026 (Realtor.com).

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Prices over time

New Jersey home prices over time

Typical home values in New Jersey are up 3.9% over the past year, from $554K in September 2025 to $575K in September 2026.

Typical home value in New Jersey, September of each year
MonthTypical value1-yr change
September 2026$575,161+3.9%
September 2025$553,792No prior year

Typical value is the median Zillow Home Value Index across New Jersey ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is New Jersey a buyer's or seller's market?

New Jersey leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 44 days on market and 10% of listings with a price cut in the typical New Jersey ZIP code, and 9,094 new listings against 21,056 active listings across New Jersey, as of September 2026 (Realtor.com).

The outlook

New Jersey housing market forecast 2027

+2.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 547 New Jersey ZIP codes, points to typical home values rising 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in New Jersey rose 3.9%, per the Zillow Home Value Index.

Will home prices drop in New Jersey?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for New Jersey shows typical home values rising 2.6% by September 2027, after a 3.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 547 New Jersey ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Market board

Which New Jersey markets have the highest home values?

Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More NJ markets publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about New Jersey home prices.

What is the typical home price in New Jersey?

The typical home price in New Jersey is about $575K as of September 2026, based on the Zillow Home Value Index (the median of the index across New Jersey ZIP codes). In the typical New Jersey ZIP code, the median list price is $596K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.

Are home prices going up or down in New Jersey?

Typical home values in New Jersey are up 3.9% over the past year, based on the Zillow Home Value Index as of September 2026.

Is New Jersey a buyer's or seller's market?

New Jersey leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 44 days on market and 10% of listings with a price cut in the typical New Jersey ZIP code, and 9,094 new listings against 21,056 active listings across New Jersey, as of September 2026 (Realtor.com).

How long do homes take to sell in New Jersey?

In the typical New Jersey ZIP code, homes spend a median of 44 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

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