Blog·New Jersey market update
New Jersey's median
rose 4.0% in July
New Jersey REALTORS® data for July 2026 puts the statewide single family median at $650,000, up 4.0% from a year ago, on 2.9 months of supply. Here is the statewide picture and the eight South Jersey counties.
- The statewide single family median was $650,000 in July, up 4.0% from a year ago, on 2.9 months of supply
- Single family closed sales came to 6,262, up 9.2%, and homes took 32 days on market
- Across the eight South Jersey counties, single family medians ran from $300,000 in Cumberland to $650,000 in Ocean
Reported by New Jersey REALTORS®. Summary in our words.
The statewide single family median was $650,000 in July, up 4.0% from July of last year, on 2.9 months of supply. Closed sales came to 6,262, up 9.2%, new listings to 7,963, up 1.3%, and pending sales to 5,396, down 3.0%. Sellers received 103.2% of list price, and homes took 32 days on market. Year to date the median is $610,000, up 3.7%.
Townhouses and condos ran a $469,950 median, up 9.3%, on 3.6 months of supply; closed sales there were 1,748, down 8.5%. Adult communities ran a $390,000 median, up 4.0%, on 3.2 months of supply; closed sales were 692, up 4.7%.
In South Jersey, the county single family medians, lowest to highest: Cumberland $300,000 (up 7.1%), Salem $355,000 (up 26.8%), Camden $424,218 (up 5.4%), Gloucester $428,000 (up 1.9%), Atlantic $440,000 (up 2.6%), Burlington $490,000 (up 9.4%), Cape May $625,000 (up 2.8%) and Ocean $650,000 (up 6.6%).
Supply ran from 2.5 months in Camden and Gloucester to 4.0 months in Atlantic, and days on market from 29 in Camden and Burlington to 62 in Cumberland. Sellers received between 97.1% of list in Cape May and 102.5% in Camden.
Nationally, existing home sales ran at a 4.09 million annual pace, down 2.4% from the prior month but up 2.8% from a year earlier, with 4.6 months of supply and a $440,600 median, up 1.8% and a new record high, per the National Association of REALTORS®.
The county tables, every segment and the twelve-month history are on our South Jersey Market Report and NJ Housing Market Report pages, updated each month when New Jersey REALTORS® publishes.
Summary of reporting by New Jersey REALTORS®, in our words. Figures are New Jersey REALTORS® Monthly Indicators and Local Market Updates for July 2026, data as of August 9, 2026; the margin of error for statewide figures is ±4% at a 95% confidence level. Report © 2026 ShowingTime Plus, LLC. General information, not advice about any specific property. The JK Realty Group, brokered with OMNI Real Estate Professionals. Equal Housing Opportunity. See our Terms of Use for how we source and credit these posts.
Our take
Under about four months of supply favors sellers, and single family supply across these eight counties runs 2.5 to 4.0 months. If you are thinking about selling, this market still rewards a well-priced listing.
Curious what your property would bring in this market? Let's talk.
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