Market data · Auto-updated
New Jersey housing market
The median New Jersey home was listed at $575,000 in July 2026, down 0.4% from a year earlier — about $315 per square foot. Homes spent a median of 42 days on the market, longer than a year ago.
Supply & demand
New Jersey had 20,021 active listings in July 2026, up 13.9% year over year, with 9,646 new listings entering the market that month. Days on market rose 7.8% from a year ago, and asking prices are running near last year’s level.
What the data says
Taken together, New Jersey looks like a buyer-leaning market this month. Softening prices, more homes on the market, and longer selling times are handing buyers more room to negotiate than they had a year ago.
- For buyers: You have negotiating room — lean on longer days-on-market to ask for price cuts or concessions, and don’t rush a full-price offer.
- For sellers: Price to the current comps, not last year’s peak; staging and a realistic list price matter more now that buyers have choices.
Financing backdrop
Nationally, the 30-year fixed averaged 6.65% and the 15-year 5.95% (Freddie Mac PMMS, August 2026). Rates apply nationwide, but they land differently on New Jersey’s $575K median: a higher local price magnifies every quarter-point move, which is why monthly payment — not sticker price — is the number that decides most New Jersey deals.
Every figure above is a current value from FRED (Federal Reserve Economic Data), sourced from Realtor.com residential-listing data and the Freddie Mac Primary Mortgage Market Survey, as of July 2026. This report is generated from that data and refreshed automatically; it is an educational market summary, not financial, legal, or real estate advice.
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This report is generated automatically from live public data and refreshes with each update — part of the technology stack behind the Preferred Properties Network.