Northern NJ Market News

Joseph D. Charles, Jr | NJ Realtor

 

Northern NJ isn't following national trends, it's ignoring them!

The Numbers Don't Lie


The national median home sale price in April 2026 was $403,785. In New Jersey it was $558,007. That's a $154,000 gap and it's not shrinking anytime soon.


New Jersey home prices are up 3.3% year over year while the the national average is 2.2%. Nearly 47% of homes here are selling above asking price, compared to 24.6% nationally. Almost double.


So what's driving it? Look across the Hudson River.


New York State continues to bleed residents. The NY-to-NJ corridor is one of the busiest migration routes in the entire country as nearly 57,000 New Yorkers relocated to New Jersey last year alone. They're coming for the space, the schools, the commute, and frankly, prices that still look like a bargain compared to what they left behind.


That demand doesn't disappear. It shows up in your county's numbers every single month.


If you've been thinking about selling, this market is still working in your favor. If you're buying, you already know that hesitation is expensive here.


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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.

Northern NJ Homes For Sale by County

New Jersey Overtakes New York as the Most Expensive State for Homeowners in 2026

This state just claimed the top spot on Kiplinger's most expensive states for homeowners list-and the median property tax bill might surprise you.

Curious what your home might be worth today?


I offer a tool that lets homeowners track their estimated value and equity.


See Your Home Value & Equity Report


It can also send a simple monthly update so you can stay informed about what is happening around your property.

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Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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670 Main Rd, Towaco, NJ 07082

office: 973-335-5700

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