Housing Market Update: New Jersey - June 2025

For residential real estate activity in the state of New Jersey

U.S. existing-home sales edged up 0.8% month-over-month to a seasonally

adjusted annual rate of 4.03 million units, exceeding economists’ expectations,

although sales were down 0.7% year-over-year, according to the National

Association of REALTORS® (NAR). On a monthly basis, sales increased in the

Midwest, Northeast, and South but decreased in the West.

• Single Family Closed Sales were up 3.3 percent to 5,516.

• Townhouse-Condo Closed Sales were up 11.9 percent to 1,966.

• Adult Communities Closed Sales were up 8.7 percent to 686.

• Single Family Median Sales Price increased 6.8 percent to $625,000.

• Townhouse-Condo Median Sales Price decreased 1.4 percent to $420,000.

• Adult Communities Median Sales Price increased 8.2 percent to $384,000.

Heading into June, there were 1.54 million units for sale across the country, a

6.2% increase from the previous month and a 20.3% improvement over the same

period last year, representing a 4.6-month supply at the current sales pace,

according to NAR. Despite the additional supply, home prices have continued to

rise nationwide, albeit at a slower pace than during the pandemic, climbing 1.3%

year-over-year to $422,800 as of last measure.

Data as of July 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.