Housing Market Update: New Jersey - July 2025

For residential real estate activity in the state of New Jersey

U.S. existing-home sales fell 2.7% from the previous month to a seasonally

adjusted annual rate of 3.93 million, according to the National Association of

REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally,

monthly sales declined in the Midwest, Northeast, and South but rose in the West.

Year-over-year, sales decreased in the Northeast and West but increased in the

South and Midwest.

• Single Family Closed Sales were down 3.4 percent to 5,638.

• Townhouse-Condo Closed Sales were up 3.0 percent to 1,888.

• Adult Communities Closed Sales were up 0.9 percent to 651.

• Single Family Median Sales Price increased 5.8 percent to $625,000.

• Townhouse-Condo Median Sales Price increased 3.5 percent to $430,000.

• Adult Communities Median Sales Price increased 4.2 percent to $375,000.

Nationally, the median existing-home sales price rose 2.0% year-over-year to

$435,300, a new monthly high and the 24th consecutive month of annual price

gains, according to NAR. Slower sales activity has contributed to rising inventory

this year, with 1.53 million properties listed for sale heading into July, a 15.9%

increase from the same time last year and equivalent to a 4.7-month supply at the

current sales pace.

Data as of August 20, 2025. 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.