New Jersey
Local Housing Market · Zillow ZHVI · March 2026
$569,411
Typical Home Value
▲ 3.5% YoY ▲ 0.43% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 New Jersey Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$569,411
▲ 3.5% YoY
Month-over-Month
▲ 0.43% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · New Jersey
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 15.9% YoY and listing prices are softening 2.5% YoY with 9.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 32 days — a moderate-paced market. Pending ratio is 0.66 — strong buyer demand, expect competitive purchase timelines.
• New listings are increasing 17.8% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$554,495
▼ 2.5% YoY
Median Days on Market
32d
0d YoY
Active Listings
16,411
▲ 15.9% YoY
New Listings
11,592
▲ 17.8% YoY
Price Reduced Share
9.2%
of active listings
Pending Ratio
0.66
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in New Jersey
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Trenton-Princeton
▼ COOLING
National rank #40
Median Price
$444,950
Median DOM
32d
Demand score 70/100
Atlantic City-Hammonton
▼ COOLING
National rank #140
Median Price
$543,625
Median DOM
55d
Demand score 75/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply