Housing Market Update: New Jersey - January 2026

For residential real estate activity in the state of New Jersey

U.S. existing home sales ticked up 0.5% from the previous month to a seasonally adjusted annual rate of 4.13 million, marking the third consecutive monthly increase, according to the National Association of REALTORS® (NAR). However, sales were down 1.0% from the same period last year. Regionally, sales rose month-over-month in the Northeast and South, were unchanged in the West, and declined in the Midwest. On a year-over-year basis, sales were flat in the Northeast and South and fell in both the Midwest and West.

• Single Family Closed Sales were down 7.4 percent to 3,484.

• Townhouse-Condo Closed Sales were down 14.3 percent to 1,120.

• Adult Communities Closed Sales were up 2.5 percent to 458.

• Single Family Median Sales Price increased 1.8 percent to $575,000.

• Townhouse-Condo Median Sales Price decreased 5.1 percent to $408,000.

• Adult Communities Median Sales Price decreased 2.1 percent to $365,000.

The national median existing-home price continued to climb, rising 1.2% from a year ago to $409,200, according to NAR. This year-over-year increase—the 29th consecutive monthly gain—reflects ongoing tightness in housing supply. At the end of November, there were 1.43 million units for sale, down 5.9% from the previous month but up 7.5% from the same time last year, representing a 4.2-month supply at the current sales pace.

Data as of February 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.