Housing Market Update: New Jersey - April 2026

For residential real estate activity in the state of New Jersey

U.S. existing-home sales fell 3.6% month-over-month and 1.0% year-over-year to a seasonally adjusted annual rate of 3.98 million, according to the National Association of REALTORS® (NAR), as tight supply and ongoing affordability challenges constrained activity. Sales declined month-over-month in all four regions. Year-over-year, sales increased in the South and West but fell in the Midwest and Northeast.

• Single Family Closed Sales were down 10.6 percent to 3,769.

• Townhouse-Condo Closed Sales were down 8.5 percent to 1,457.

• Adult Communities Closed Sales were up 4.9 percent to 581.

• Single Family Median Sales Price increased 4.3 percent to $600,000.

• Townhouse-Condo Median Sales Price increased 4.4 percent to $443,595.

• Adult Communities Median Sales Price increased 0.8 percent to $373,000.

Nationally, the median existing-home price rose 1.4% from a year earlier to $408,800, marking the 33rd consecutive month of year-over-year price increases as limited inventory continued to put upward pressure on prices, NAR said. There were 1.36 million homes for sale heading into April, up 2.3% from a year earlier, representing a 4.1-month supply at the current sales pace.

Data as of May 9, 2026. All data from the multiple listing services in the state of New Jersey. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2025 ShowingTime Plus, LLC.