New Jersey Outruns National Housing Market, Surprise Edge
New Jersey Home Prices Are Still Rising Climbing home prices continued to define New Jersey’s housing market in 2026. Statewide values posted clear year-over-year gains, even as growth moderated from the sharper increases seen in prior years. Statewide median prices ranged from about $531,000 early in the year to roughly $595,000 to $598,128 by June and July. Annual gains generally landed between 3.6% and 8.0%, showing broad-based appreciation rather than isolated spikes. Much of that resilience reflected the lock-in effect , with many owners holding onto sub-4% mortgages and keeping supply constrained. Pressure Remains Across Property Types Single-family homes led much of the increase, reaching $650,000 in July. Condos, townhomes, and adult communities also posted annual gains. This pattern reflected persistent buyer competition, limited supply, and affordability pressure. In other markets, just 2.4 months of inventory has been enough to preserve seller leverage despite slower buyer ...