In what is great news for those selling a home – and challenging for potential first-time
buyers – New Jersey Realtors announced last week that the median sale price of a
home sold in New Jersey in 2025 increased 5.4% to $525,000.
(For those needing clarification on ‘median’ – it represents the mid-point of a data set.
While it can be similar, it is different from the average of a data set.)
Other notable numbers of 2025 from N.J. Realtors include:
- 86,440: Closed sales statewide;
- 101.5: Percentage of list price received (a drop of 0.7%);
- 39: Average days on market (an increase of 8.3%).
The single-family market posted the strongest gains in median sales price in 2025,
rising 6.4% year-over-year to $585,000. Inventory remained limited, with just 8,978
single-family homes for sale statewide in December, a 7.3% decline compared to last
year.
Adult communities also experienced notable price growth, with the median sales price
increasing 5.7%, or $20,000, to $370,000 for the year. This segment led the market in
new inventory, recording nearly an 8% increase in new listings compared to 2024. The
number of homes for sale rose 14.4% in December in adult communities, as well.
The townhouse and condominium market saw more modest appreciation, as the
median sales price rose 2.9% year-over-year to $422,000.
Across all property types, pending and closed sales remained relatively steady, moving
only a few percentage points in either direction and signaling a market that maintained
similar overall activity levels to the prior year.
President of New Jersey Realtors Gloria Siciliano said competition and limited supply
continued to define New Jersey’s housing market, setting it apart from national trends.
Homes sold at or above list price on average, with single-family properties receiving
102.2% of list price and spending just over 37 days on the market, well below pre-
pandemic norms. Inventory remained tight, with a two-month supply of homes
statewide, reinforcing seller confidence and supporting continued price stability.
“The strength of New Jersey’s housing market in 2025 reflects sustained demand paired
with a long-standing shortage of available homes,” she said. “As mortgage rates began
to ease at the end of the year, we saw renewed buyer interest, and if that trend
continues, we’re hopeful it could help drive additional activity in 2026, particularly
among buyers who have been sidelined waiting for more favorable market conditions.”
The easing of mortgage rates in late December is expected to support buyer confidence
heading further into 2026, potentially encouraging more households to re-enter the
market while maintaining the overall stability that characterized 2025.
