New Jersey
Local Housing Market · Zillow ZHVI · May 2026
$578,855
Typical Home Value
▲ 3.4% YoY ▲ 0.16% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 New Jersey Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$578,855
▲ 3.4% YoY
Month-over-Month
▲ 0.16% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is up 12.7% YoY and listing prices are flat 0.8% YoY with 11.4% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 38 days — a moderate-paced market. Pending ratio is 0.71 — strong buyer demand, expect competitive purchase timelines.
• New listings are increasing 7.0% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$575,000
▼ 0.8% YoY
Median Days on Market
38d
0d YoY
Active Listings
19,413
▲ 12.7% YoY
New Listings
10,700
▲ 7.0% YoY
Price Reduced Share
11.4%
of active listings
Pending Ratio
0.71
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) · June 2026
Trenton-Princeton
▼ COOLING
National rank #47
Median Price
$465,000
Median DOM
31d
Demand score 69/100
Atlantic City-Hammonton
▼ COOLING
National rank #139
Median Price
$549,900
Median DOM
54d
Demand score 76/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply