New Jersey residential real estate highlights, home prices, and rental data from Zillow:

New Jersey median listing prices and median price-per-square-foot for all home types:

  • All homes: $276,000 at $163/SF.
  • Single-family residential homes: $279,900 at $159/SF
  • Condos: $244,900 at $219/SF
  • Duplex and Triplex units: $305,000
  • 2-Bedroom homes: $198,800 at $166/SF
  • 3-Bedroom homes: $269,000 at $159/SF
  • 4-Bedroom homes: $409,000 at $168/SF
  • 5+ Bedroom homes: $599,263 at $195/SF

New Jersey median rental prices and median rental price-per-square-foot:

  • All homes: $1,800 at $1.35/SF
  • Single-family residential: $1,800 at $1.26/SF
  • Condos: $1,800 at $1.83/SF
  • Duplex and Triplex units: $1,622 at $2.00/SF
  • Multi-family residential: $1,650 at $1.91/SF
  • 1-Bedroom homes: $1,410 at $2.16/SF
  • 2-Bedroom homes: $1,709 at $1.76/SF
  • 3-Bedroom homes: $1,950 at $1.34/SF
  • 4-Bedroom homes: $2,450 at $1.19/SF

New Jersey median sales prices and price-per-square-foot:

  • All homes: $297,375 at $178/SF
  • Single-family residential: $177/SF
  • Condos: $197/SF

New Jersey homes sold for a gain or loss:

  • 76.7% of all homes sold above the previous home price
  • 23.3% of all homes sold below the previous home price
  • 10.2% of all listings had a price reduction this month with a median price cut of 4.7% (approximately $10,000)
  • 10.5% of all single-family residential home listings had a price reduction this month with a median price cut of 4.8% (approximately $10,000)
  • 8.4% of all condo listings had a price reduction this month with a median price cut of 4.6% (approximately $10,000)

4.1% of all homes in New Jersey sold in the past 12 months.

The ZHVI (Zillow Home Value Index) rose by 0.1% over the past year, to $286,500.

Note: If any of the data is currently undisclosed, that is because the local jurisdictions currently do not share that data.

Discover more New Jersey real estate news here or check out additional Zillow data.

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