Market Data by County

Data From: 01/26/26 - 02/22/26

NJ County	New Listings	Median Sale Price	*DOM/Days vs. Last WeekD
BERGEN	120 (-11%)	$709k (-1%)	92 / +6
ESSEX	117 (-10%)	$661k (15%)	75 / +1
PASSAIC	52 (-5%)	$582k (5%)	74 / -4
MORRIS	77 (-7%)	$655k (2%)	38 / +1
HUDSON	109 (-11%)	$698k (4%)	67 / -3

ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN | *DOM = Days on Market

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Interest Rates 4 Year Low - Essex County Stands Out

County Overview

Inventory has taken a big hit across Northern NJ while home prices hold or are up.

Essex stands out as median sale prices jump 15%. According to the Garden State MLS, this county has less homes for sale in January 2026 than the last 10 years!

Mortgage rates hit the lowest level in 4 years.

Freddie Mac’s weekly survey shows the 30-year rate averaging 5.98%, making it the lowest since Sept. 8, 2022. The average 15-year fixed rate is around 5.44%, which rose slightly by 9 basis points. Rates are still moving daily, but overall changes remain small week to week.

Despite headlines suggesting major movement, we are mostly seeing stability in these rates with minimal fluctuation in the past several weeks. Home inventory in Northern NJ, however, has been going down as prices go steadily up. Every one is anticipating changes once the new chair for the Federal Reserve steps in. We will see!

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Comparing the U.S. Market to NJ

(year-over-year)

U.S. vs NJ	# of Homes For Sale	Median Sale Price
U.S.	1,678,056 (1.2%)	$422,980 (1.1%)
New Jersey	23,889 (5.3%)	$550,700 (2.5%)

Note: When the news reports on the real estate market, they’re referring to national data. New Jersey is very different from the rest of the country.

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Today's Mortgage Rates : Daily Index

View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.