Blog·New Jersey market brief
More New Jersey homes
hit the market in July
New Jersey Realtors' July data shows 21,637 homes on the market statewide, up 5.9 percent from a year ago, while the year-to-date single-family median climbed to $610,000.
- Across New Jersey, buyers had 21,637 homes to choose from in July, almost 6 percent more than in July of last year
- Prices kept climbing anyway: the statewide median single-family price is $610,000 year to date, up 3.7 percent
- Homes are sitting longer too, 40 days on market on average year to date, up 8.1 percent
Reported by ROI-NJ. Summary in our words.
Across New Jersey, buyers had 21,637 homes to choose from in July, almost 6 percent more than in July of last year. Homes are taking longer to sell, too: 40 days on market on average year to date, up 8.1 percent.
Prices kept climbing anyway. Year to date through July, the median single-family sales price is $610,000, up 3.7 percent. Across all property types the median is $550,000, up 4.8 percent. Townhouses and condos are at $440,000, up 3.5 percent, and adult communities at $380,000, up 2.0 percent.
Sales volume is a little softer. Closed sales year to date are 45,843, down 1.5 percent, and pending sales are 50,272, down 0.3 percent. Single-family closings alone are 31,243, up 0.2 percent; townhouse and condo closings are 10,253, down 7.5 percent; adult community closings are 4,005, up 1.9 percent. New listings year to date are 75,278, up 3.3 percent.
Sellers are still getting close to full price: 101.5 percent of list on average year to date, down 0.4 percent from a year ago.
The figures are statewide, from New Jersey Realtors, reported through the state's multiple listing services. County reports are at njrealtor.com/data. Our own eight-county breakdown is on the South Jersey Market Report page.
Summary of reporting by ROI-NJ, in our words. Figures are statewide, from New Jersey Realtors, year to date through July 2026. 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
More homes for sale and 40 days on market give buyers time to compare and room to ask for concessions. If you are selling, the asking price you start with matters more than it did a year ago.
Thinking about selling? Know your number first.
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