New Jersey Housing Market: Trends and Forecast 2025-2026

Oct 21, 2024 · New Jersey Housing Market Forecast 2025-2026. Looking towards the future, experts predict a gradual stabilization of the New Jersey housing market. According to forecasts, home prices are expected to rise in 2024 and may continue to follow this upward trajectory into …

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New Jersey Housing Market: 2024 Home Prices & Trends | Zillow

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1.020 Median sale to list ratio (September 30, 2024) $500,917 Median sale price (September 30, 2024) $534,933 Median list price (October 31, 2024) 61.2% Percent of sales over list price …

zillow.com

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New Jersey Real Estate Market: Predictions For 2024 - Houzeo

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Apr 4, 2024 · Average Home Prices: New Jersey’s median home price is $494,900, up by 16.1% YoY. In 2024, the median sale price will keep increasing marginally due to NJ’s tight inventory. …

houzeo.com

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Here’s Where Economists Think The Housing Market Is Headed

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2 days ago · A forecast from NAR calls for 9% growth in home sales in 2025, but MBA data predicts a sluggish economy through 2027. ... a 9% increase in home sales in 2025 and a …

housingwire.com

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25+ Housing Market Predictions For The Next 5 Years [2024 ...

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Jul 19, 2024 · Housing market projections from economists at the University of Michigan forecast that Core CPI inflation will be around 4.0% year over year in 2024 Q4, slowing down to 3.0% …

realwealth.com

FAQs about New Jersey Housing Market: Trends and Forecast 2025-2026 Coupon?

Will New Jersey home prices rise in 2024?

Looking towards the future, experts predict a gradual stabilization of the New Jersey housing market. According to forecasts, home prices are expected to rise in 2024 and may continue to follow this upward trajectory into 2025. ...

What is the housing market like in New Jersey?

Home prices in New-Jersey were up 9.4% year-over-year in September. At the same time, the number of homes sold fell 7.4% and the number of homes for sale rose 7.5%. What is the housing market like right now? In September 2024, home prices in New-Jersey were up 9.4% compared to last year, selling for a median price of $539,300. ...

What is the projected home price growth in New Jersey?

Here's a breakdown of the projected home price growth in New Jersey from 2024 to 2028: 2024: Home prices are expected to rise by 3-5%. 2025: Anticipated 2-4% increase in home prices. 2026: Home prices are forecasted to rise by 1-3%. 2027: Expecting a 1-2% increase in home prices. 2028: Home prices are projected to rise by 1-2%. ...

How will New Jersey's real estate market change in 2024?

In 2024, the median sale price will keep increasing marginally due to NJ’s tight inventory. The sale-to-list price ratio is at 101.1%. Home Sales: As per January 2023 data, home sales decreased by 7.5% YoY! In January 2024, only 5,317 homes were sold, down from 5,750 in January 2023. Average Rent Prices: Rental costs vary statewide. ...

How did the New Jersey housing market perform in August 2024?

Inventory Growth: The number of homes for sale in August 2024 decreased by 1.9% compared to the same time last year, suggesting a slight easing of inventory constraints. The New Jersey housing market's performance mirrors a national trend of recovery. ...

What will the housing market look like in 2024?

Employment growth is expected to remain steady, and migration trends, fueled by affordability, wider spaces, and remote work, will continue to shape the housing market. While home prices are expected to increase marginally, multifamily rents may remain stagnant year-over-year in 2024. ...