Housing Market Update: New Jersey - October 2025

For residential real estate activity in the state of New Jersey

U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year-overyear,

reaching a seasonally adjusted annual rate of 4.06 million units, according to

the National Association of REALTORS® (NAR). The increase was partly driven by

falling mortgage rates, which recently hit their lowest level in more than a year.

Regionally, monthly sales advanced in the Northeast, South, and West, while the

Midwest experienced a slight decline.

• Single Family Closed Sales were up 2.4 percent to 5,170.

• Townhouse-Condo Closed Sales were down 11.6 percent to 1,684.

• Adult Communities Closed Sales were up 6.5 percent to 691.

• Single Family Median Sales Price increased 5.4 percent to $585,000.

• Townhouse-Condo Median Sales Price remained flat at $425,000.

• Adult Communities Median Sales Price increased 3.7 percent to $374,750.

Housing inventory edged up 1.3% from the previous month to 1.55 million units,

14.0% higher than the same period last year. This represents a 4.6-month supply

at the current sales pace, according to NAR. The median existing-home price

grew 2.1% year-over-year to $415,200, continuing the trend of annual price gains.

The Midwest saw the largest year-over-year increase in median sales price,

followed by the Northeast and South, while prices remained mostly flat in the

West.

Data as of November 9, 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.