New Jersey home values continue their upward trend heading into summer 2026. The statewide median sale price reached $563,000 in May — a 3.3% increase from the same period last year. The average home value statewide stands at $584,681.

The Numbers Tell the Story

Homes in New Jersey are selling at 103.26% of list price on average, meaning most sellers are getting more than their asking price. Nearly half — 47.2% — of all homes sold above list price. With only 0.85 months of supply, this remains a strong seller's market.

County Highlights

Union County leads with a median of $593,000 and homes moving in just 24 days on average. Essex County follows at $529,000, while towns like Elizabeth and Newark are seeing double-digit appreciation of 9.9% and 17.1% respectively. Perth Amboy leads all towns at 20.9% year-over-year growth.

Seller Advantage

If you have been thinking about selling, the current market conditions are strongly in your favor. Sub-1-month supply means less competition from other sellers, and buyer demand remains steady. A properly priced home in today's market typically sells within the first month.

What This Means for Homeowners

Even if you are not planning to sell, rising home values mean your equity is growing. The typical NJ homeowner has gained over $18,000 in equity this year alone. This can open doors for home equity lines of credit, refinancing at better terms, or simply building long-term wealth.

Contact me for a free home valuation to see exactly what your property is worth in today's market.