I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in New Jersey
💡 Key New Jersey housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $534,773[1] | #6 of 50 states | 45.8% higher |
| Median Listing Price | $574,500[2] | #9 of 50 states | 30.5% higher |
| Median Sale Price | $542,000[3] | #7 of 50 states | 29.5% higher |
| 30 Year Mortgage Rate | 6.95%[4] | #15 of 50 states | 0.4% lower |
| Median Days on Market | 40[5] | #5 of 50 states | 28.8% shorter |
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🗺️ Buying a house in the New Jersey real estate market
New Jersey has an affordability score of 6.4, meaning it takes 6.4 years of the median household income ($85,245) to afford New Jersey's median home sale price ($542,000). Because of this, we rank New Jersey as the 23rd least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $542,000[6] | #7 of 50 states | 29.5% higher |
| 30 Year Mortgage Rate | 6.95%[7] | #15 of 50 states | 0.4% lower |
| Median Household Income | $85,245[8] | #2 of 50 states | 32.1% higher |
| Affordability Ratio | 6.4 | #28 of 50 states | 0.5% lower |
| Buyers Agent Commission | 2.52%[9] | #16 of 50 states | 0.7% lower |
Resources for New Jersey home buyers
Preparing to buy in New Jersey
🗺️ 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 2.55%, which is the 8th lowest in the United States. Buyers' agents charge an average commission of 2.52%, which is the 16th lowest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $574,500[10] | #9 of 50 states | 30.5% higher |
| Median Sale Price | $542,000[11] | #7 of 50 states | 29.5% higher |
| Median Days on Market | 40[12] | #5 of 50 states | 28.8% shorter |
| Buyer's Agent Commission | 2.52%[13] | #16 of 50 states | 0.7% lower |
| Listing Agent Commission | 2.55%[14] | #8 of 50 states | 6.4% lower |
Resources for New Jersey home sellers
Preparing to sell in New Jersey
- 8 Steps to Selling a House in New Jersey
- Average Time 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 |