New Jersey home prices
rose 5.6% in a year
Cotality's August home price index puts New Jersey among the states with the largest price gains, as mortgage rates climb and buyers pull back.
- Cotality's home price index shows New Jersey prices up 5.6% from August 2025 to August 2026. Illinois and Connecticut rose more, and Indiana matched it
- Nationally, prices rose 1.8%. The average 30 year fixed mortgage rate climbed to 7.38%, its highest since May 2024, per Bankrate
Reported by ROI-NJ. Summary in our words.
Home prices in New Jersey rose 5.6% from August 2025 to August 2026, according to Cotality's August home price index. Illinois at 6.8% and Connecticut at 6.3% rose more, Indiana matched New Jersey, and Alaska followed at 5.1%. Nationally, single family prices rose 1.8%, up from 1.6% in July.
The average 30 year fixed mortgage rate climbed to 7.38%, the highest since May 2024, according to Bankrate's survey of lenders. Cotality says fewer buyers went under contract in September, and its forecast calls for month to month price dips through the winter and a 1.3% national gain for 2026.
Cotality says limited supply is holding up prices in the Northeast. In markets with growing inventory and more new construction, it says, prices are still searching for a bottom.
For South Jersey owners, that means a statewide number is a starting point, not a price. What a home brings depends on the homes like it that have sold nearby, and that is the comparison we put together for owners thinking about a sale.
What to know
Cotality says buyers pulled back in September and expects prices to dip month to month through the winter. If you own in South Jersey and are weighing a sale, we can show you what homes like yours are selling for now.
Curious what your home would bring? Let's talk.
Related: Buyer's Agent in South Jersey Selling Your Home in South Jersey
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Add The JK Realty Group as a preferred source on GooglePrices and rates change. Figures are as reported by ROI-NJ from Cotality's August 2026 home price index and Bankrate's survey of lenders. 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.
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