New Jersey
Local Housing Market · Zillow ZHVI · July 2026
$584,072
Typical Home Value
▲ 3.6% YoY ▲ 0.32% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 New Jersey Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$584,072
▲ 3.6% YoY
Month-over-Month
▲ 0.32% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
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 · July 2026
• Inventory is up 13.9% YoY and listing prices are flat 0.4% YoY with 12.2% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 42 days — a moderate-paced market. Pending ratio is 0.64 — strong buyer demand, expect competitive purchase timelines.
• New listings are declining 2.5% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$575,000
▼ 0.4% YoY
Median Days on Market
42d
0d YoY
Active Listings
20,021
▲ 13.9% YoY
New Listings
9,646
▼ 2.5% YoY
Price Reduced Share
12.2%
of active listings
Pending Ratio
0.64
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) · July 2026
Trenton-Princeton
▼ COOLING
National rank #74
Median Price
$452,225
Median DOM
41d
Demand score 64/100
Atlantic City-Hammonton
▼ COOLING
National rank #112
Median Price
$549,450
Median DOM
59d
Demand score 88/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply