Market Data by County

Data From 06/24/24 - 07/21/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	194 (9%)	$728k (8%)	67 / -1
ESSEX	133 (6%)	$697k (17%)	23 / -8
PASSAIC	82 (-6%)	$538k (10%)	24 / -10
MORRIS	116 (6%)	$698k (14%)	15 / -1
HUDSON	123 (7%)	$716k (10%)	32 / -1

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

NEW ALL-TIME HIGH IN U.S. and NJ

A new all-time high has been reached in NJ, and in the US. Regardless of the supposed "slumping" housing market, home prices continue to rise. In the New Jersey Metro market we see that the MSP is at $619,000, up 13% from last year. In New Jersey specifically, the MSP is at $550,000 and up 10.7% year-over-year. Inventory in NJ has also dropped by 4.8% compared to last year, which is almost a 6 point flip. We still aren't doing as well with inventory as some other parts of the country.

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Comparing the U.S. Market to New Jersey

U.S. vs New Jersey

# of Homes For Sale

Median Sale Price

Last Week

# of Homes For Sale

Last Week Median Sale Price

U.S.

+12.7%

+4.0%

15.7%

4.8%

New Jersey

-4.8%

+10.7%

1.0%

11.4%

NJ Demand:

New Jersey has seen an increase of 5,000 people moving here. Meanwhile, New York is seeing 37,000 people wanting to leave.

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.

All Northern NJ Homes For Sale!

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Search All

US home prices just hit another all-time high

Buying a house just became even more expensive as high mortgage rates continue to create a "lock-in" effect for many would-be sellers, according to Redfin.

Wildwood Crest, NJ

Wildwood Crest beach walk

Just spent last week in Wildwood Crest and we had a great time visiting with some friends. The beach is super clean and is raked every morning. We stayed right at the end of the boardwalk, closer to Cape May. I haven't been there since I was younger and now I had the chance to enjoy it as a dad. We had a fantastic time.

I recommend staying at the Adventurer (Blue building in picture). Visit here for more info: https://wildwoodcrest.org/