🏠 Buying a house in New Jersey | 🏘️ Selling a house in New Jersey | 🚚 Moving to New Jersey
❓ FAQ | 📊 Methodology
🏡 Home values in New Jersey have risen 20.63% over the past year, indicating a seller's market.
📈 Housing inventory (the total number of homes for sale) stands at 23,564. That's about 4.16 months of inventory, indicating a seller's market.
📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 102.00%, indicating a seller's market.
How does New Jersey compare to the national average?
| Data point | Value | Rank | Compared to national avg |
| Typical home value | $562,460[1] | #5 of 50 states | 49.7% higher |
| Median listing price | $557,000[2] | #13 of 50 states | 25.7% higher |
| Median sale price | $604,200[3] | #7 of 50 states | 38.1% higher |
| 30-year mortgage rate | 6.95%[4] | #15 of 50 states | 0.4% lower |
| Median days on market | 43[5] | #5 of 50 states | 26.9% shorter |
Looking to buy or sell in New Jersey?
Enter your zip code to match with top agents in your area!
Buying a house in the New Jersey real estate market
New Jersey has an affordability score of 6.1, meaning it takes 6.1 years of the median household income ($99,781) to afford New Jersey's median home sale price ($604,200). Because of this, we rank New Jersey as the 15th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to national avg |
| Median sale price | $604,200[6] | #7 of 50 states | 38.1% higher |
| 30-year mortgage rate | 6.95%[7] | #15 of 50 states | 0.4% lower |
| Median household income | $99,781[8] | #2 of 50 states | 29.6% higher |
| Affordability ratio | 6.1 | #36 of 50 states | 8.6% higher |
| Buyers agent commission | 2.52%[9] | #8 of 50 states | 8.3% lower |
Who pays for realtor commission in New Jersey?
Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.
Who pays closing costs in New Jersey?
Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.
Learn more about who pays closing costs in New Jersey.
Resources for New Jersey home buyers
Preparing to buy in New Jersey
New Jersey home buying costs
Selling a house in the New Jersey real estate market
According to our detailed survey of New Jersey real estate agents, listing agents (those representing the seller) charge an average commission in New Jersey of 2.71%, which is the 7th lowest in the United States. Buyers' agents charge an average commission of 2.52%, which is the 8th lowest in the United States.
| Data point | Value | Rank | Compared to national avg |
| Median listing price | $557,000[10] | #13 of 50 states | 25.7% higher |
| Median sale price | $604,200[11] | #7 of 50 states | 38.1% higher |
| Median days on market | 43[12] | #5 of 50 states | 26.9% shorter |
| Buyer's agent commission | 2.52%[13] | #8 of 50 states | 8.3% lower |
| Listing agent commission | 2.71%[14] | #7 of 50 states | 4.6% lower |
Resources for New Jersey home sellers
Preparing to sell in New Jersey
- Selling a House in New Jersey: 8 Simple Steps
- How Long Does It Take to Sell a House in New Jersey?
- When Is the Best Time to Sell a House in New Jersey?
- Top Real Estate Agents in New Jersey
New Jersey home selling costs and requirements
Moving to New Jersey
According to our recent moving trends survey[15], New Jersey is the 11th most desirable state to move to, with 13% of Americans indicating that they would choose to move there if money were no object.
Here's how New Jersey cities rank in a number of our research studies.
| Study | Best New Jersey city | Rank |
| Best Pizza Cities[16] | No ranking New Jersey cities | No ranking New Jersey cities |
| Best Coffee Cities[17] | No ranking New Jersey cities | No ranking New Jersey cities |
| Best LGBTQ Cities[18] | No ranking New Jersey cities | No ranking New Jersey cities |
| Best Bike Cities[19] | No ranking New Jersey cities | No ranking New Jersey cities |
| Best Commuter Cities[20] | No ranking New Jersey cities | No ranking New Jersey cities |
Where to shop for homes in New Jersey
Frequently asked questions
As of October 10, 2025, the median days on market (DOM) in New Jersey is 51. On average, it takes about 51 days to sell in New Jersey.
Home values have risen in New Jersey over the past year. The current median home value is $569,578 and it's projected to rise by 3.13% in the next year.
As of October 10, 2025, sellers in New Jersey are typically getting 100% of the list price for their homes.
Methodology
Information on market conditions is based on Zillow data as of August 2025, Realtor.com data as of September 2025, and HouseCanary data as of October 10, 2025, unless specified otherwise.
We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. These data points are averages based on responses we’ve received from 24 agents in New Jersey.