September 2025 

New Jersey’s housing market continued to balance out in September, with steady prices, slower sales, and growing inventory giving buyers a bit more leverage than we’ve seen in recent years.

📊 Market Snapshot

• Closed Sales: Down 6.2% year-over-year, with 7,164 homes sold statewide.

• Median Sales Price: Up 6.3% to $562,500, marking another month of moderate price growth.

• Average Sales Price: Up 6.5% to $701,857.

• Days on Market: Increased 18.2%, averaging 39 days before sale.

• Inventory: Up 13.3% to 19,262 homes, continuing the gradual climb since spring.

• Months Supply: Rose to 2.9 months, suggesting a shift toward a more balanced market.

🏠 Single-Family Homes

• Sales dropped 5.6% to 5,004 homes.

• The median sales price rose 6.4% to $625,000.

• Inventory climbed 10.2%, providing more selection for buyers.

🏢 Townhouses & Condos

• Sales fell 8.9% to 1,495 units.

• The median price rose 4.5% to $440,000.

• Average days on market: 48 days, up from 41 last year.

👵 Adult Communities

• Sales edged down 2.1% to 665 homes.

• Median price: Up 4.0% to $385,000.

• Inventory: Jumped 38.6%, signaling more available options for downsizers and retirees.

💡 What This Means for You

• Sellers: Prices remain strong, but homes are taking longer to sell. Strategic pricing and staging are key to standing out in a growing inventory market.

• Buyers: There’s more room to negotiate as listings rise and market pace slows. While prices are holding steady, interest rate movements continue to influence affordability.

✨ Want to know what these numbers mean for your neighborhood? Reach out today for a custom market report tailored to your area.