Is now a good time to buy a home in New Jersey?
The typical home value in New Jersey is $583K as of Aug 2026 (Zillow Home Value Index), up 4.1% from a year earlier. Over five years prices have compounded at +6.2% a year. Prices are 4.3% below their 10-year trend line.
New Jersey price trend & forecast
Cities in New Jersey ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Camden | $155K | -2.5% | +6.7% | +3.9% | BUY | 82/100 |
| Pleasantville | $252K | +5.8% | +8.3% | +3.7% | BUY | 80/100 |
| East Orange | $488K | +1.0% | +6.0% | +3.5% | BUY | 79/100 |
| Roselle | $524K | +1.7% | +6.8% | +2.5% | ACCUMULATE | 76/100 |
| Elizabeth | $554K | +2.9% | +7.4% | +4.7% | BUY | 74/100 |
| Paterson | $540K | +4.7% | +6.5% | +2.4% | ACCUMULATE | 69/100 |
| Newark | $485K | -0.5% | +3.8% | +0.3% | ACCUMULATE | 68/100 |
| Plainfield | $522K | +0.5% | +6.7% | +0.8% | ACCUMULATE | 67/100 |
| Long Branch | $860K | +9.7% | +6.8% | +3.8% | BUY | 67/100 |
| Red Bank | $751K | +11.1% | +7.5% | +9.2% | BUY | 67/100 |
| Barnegat | $510K | +4.5% | +6.7% | +2.7% | ACCUMULATE | 66/100 |
| Forked River | $518K | +5.5% | +6.8% | +3.5% | BUY | 65/100 |
| Tinton Falls | $664K | +7.4% | +7.4% | +6.8% | BUY | 65/100 |
| Manahawkin | $608K | +5.3% | +7.0% | +2.1% | ACCUMULATE | 64/100 |
| Morganville | $887K | +5.5% | +6.3% | +4.4% | BUY | 64/100 |
| Rahway | $544K | +1.6% | +6.0% | +1.5% | ACCUMULATE | 63/100 |
| Basking Ridge | $959K | +6.2% | +7.0% | +5.0% | BUY | 63/100 |
| Point Pleasant | $776K | +10.4% | +8.2% | +5.6% | BUY | 63/100 |
| Matawan | $669K | +5.3% | +7.3% | +3.7% | BUY | 62/100 |
| North Plainfield | $501K | +0.4% | +6.1% | +0.8% | ACCUMULATE | 62/100 |
| Toms River | $467K | +4.0% | +6.6% | +2.0% | ACCUMULATE | 61/100 |
| Sewell | $445K | +4.7% | +6.3% | +2.8% | ACCUMULATE | 61/100 |
| Trenton | $350K | -1.8% | +6.1% | -0.1% | WAIT | 60/100 |
| Lindenwold | $275K | +6.2% | +9.2% | +0.6% | WAIT | 60/100 |
| Perth Amboy | $502K | +2.9% | +5.4% | +0.3% | ACCUMULATE | 59/100 |
| Carteret | $568K | +6.0% | +6.6% | +2.1% | ACCUMULATE | 59/100 |
| Linden | $557K | +2.2% | +6.9% | +0.1% | ACCUMULATE | 58/100 |
| Dover | $520K | +1.8% | +5.5% | +1.3% | ACCUMULATE | 58/100 |
| Bayonne | $595K | +2.7% | +4.7% | +0.6% | ACCUMULATE | 57/100 |
| Freehold | $662K | +5.6% | +6.6% | +2.1% | ACCUMULATE | 57/100 |
| Blackwood | $379K | +4.7% | +7.0% | +1.4% | ACCUMULATE | 57/100 |
| Newton | $452K | +1.8% | +5.1% | +1.0% | ACCUMULATE | 57/100 |
| Passaic | $557K | +2.2% | +5.8% | -0.3% | ACCUMULATE | 56/100 |
| Sicklerville | $384K | +2.8% | +6.9% | +0.0% | ACCUMULATE | 56/100 |
| Ridgewood | $1.29M | +12.4% | +8.5% | +9.5% | ACCUMULATE | 56/100 |
| Union City | $569K | +5.4% | +6.8% | +2.9% | ACCUMULATE | 55/100 |
| Somerset | $580K | +2.8% | +5.9% | +1.1% | ACCUMULATE | 55/100 |
| Hackensack | $478K | +4.1% | +4.7% | +1.3% | ACCUMULATE | 55/100 |
| Glassboro | $374K | +3.3% | +6.6% | +0.9% | ACCUMULATE | 55/100 |
| Swedesboro | $485K | +4.1% | +5.9% | +1.7% | ACCUMULATE | 55/100 |
| Harrison | $583K | +0.8% | +2.9% | +0.5% | ACCUMULATE | 55/100 |
| Lakewood | $592K | +7.8% | +11.4% | +1.9% | ACCUMULATE | 54/100 |
| Fort Lee | $605K | +8.4% | +5.2% | +4.6% | BUY | 54/100 |
| Garfield | $592K | +3.0% | +4.9% | +0.9% | ACCUMULATE | 54/100 |
| Phillipsburg | $345K | +2.0% | +5.7% | -0.3% | WAIT | 54/100 |
| South Amboy | $533K | +3.3% | +5.7% | +0.7% | ACCUMULATE | 54/100 |
| Vineland | $315K | +2.1% | +6.2% | +0.7% | ACCUMULATE | 53/100 |
| New Brunswick | $448K | +0.2% | +4.6% | -0.4% | WAIT | 53/100 |
| Williamstown | $375K | +2.4% | +6.2% | +0.1% | ACCUMULATE | 53/100 |
| Englewood | $639K | +3.4% | +4.9% | +1.6% | ACCUMULATE | 53/100 |
| Lodi | $635K | +6.2% | +5.9% | +1.3% | ACCUMULATE | 53/100 |
| South Plainfield | $597K | +5.1% | +5.6% | +2.5% | ACCUMULATE | 53/100 |
| Colonia | $650K | +5.2% | +6.6% | +2.2% | ACCUMULATE | 53/100 |
| Sussex | $459K | +3.7% | +5.5% | -0.5% | WAIT | 53/100 |
| Clifton | $616K | +3.7% | +6.2% | +0.4% | ACCUMULATE | 52/100 |
| Union | $584K | +3.4% | +5.0% | +0.1% | ACCUMULATE | 52/100 |
| Kearny | $580K | +1.8% | +5.0% | +0.5% | ACCUMULATE | 52/100 |
| Millville | $263K | +1.8% | +6.8% | +0.5% | ACCUMULATE | 52/100 |
| Mays Landing | $311K | +1.4% | +6.2% | -1.1% | WAIT | 52/100 |
| Palisades Park | $1.03M | +10.8% | +6.8% | +2.5% | ACCUMULATE | 52/100 |
| Rutherford | $777K | +7.6% | +5.6% | +3.2% | BUY | 52/100 |
| Hoboken | $892K | +5.6% | +0.9% | +3.6% | BUY | 51/100 |
| Voorhees Township | $559K | +8.9% | +7.8% | +2.2% | ACCUMULATE | 51/100 |
| Secaucus | $660K | +3.7% | +4.9% | +1.6% | ACCUMULATE | 51/100 |
| Woodbridge | $488K | +2.8% | +7.3% | +0.9% | ACCUMULATE | 51/100 |
| Fair Lawn | $733K | +7.6% | +6.3% | +1.5% | ACCUMULATE | 50/100 |
| Burlington Township | $394K | +1.1% | +6.1% | -0.8% | WAIT | 50/100 |
| Hackettstown | $477K | +3.1% | +5.8% | +0.4% | ACCUMULATE | 50/100 |
| Bergenfield | $650K | +5.7% | +6.1% | +1.1% | ACCUMULATE | 50/100 |
| Hammonton | $386K | +3.6% | +5.8% | +0.2% | WAIT | 50/100 |
| Browns Mills | $336K | +2.5% | +6.4% | -0.9% | WAIT | 50/100 |
| Hawthorne | $648K | +5.5% | +5.8% | +1.6% | ACCUMULATE | 50/100 |
| Westfield | $1.33M | +10.4% | +7.6% | +4.8% | BUY | 49/100 |
| Elmwood Park | $624K | +3.9% | +4.3% | +0.1% | ACCUMULATE | 49/100 |
| Chatham | $1.39M | +11.4% | +7.6% | +6.0% | ACCUMULATE | 49/100 |
| Moorestown Township | $779K | +4.4% | +5.9% | +0.8% | ACCUMULATE | 48/100 |
| West New York | $449K | +3.6% | +4.6% | -1.3% | ACCUMULATE | 47/100 |
| Hillsborough Township | $684K | +2.8% | +6.0% | +0.3% | ACCUMULATE | 47/100 |
| Princeton | $975K | +3.6% | +6.3% | +1.1% | ACCUMULATE | 46/100 |
| Bridgeton | $259K | +0.1% | +5.3% | -1.6% | WAIT | 46/100 |
| Cliffside Park | $644K | +1.6% | +3.5% | -1.1% | ACCUMULATE | 46/100 |
| Monmouth Junction | $699K | +1.3% | +5.3% | +0.1% | ACCUMULATE | 46/100 |
| Woodbury | $343K | +4.7% | +7.2% | -0.8% | WAIT | 45/100 |
| Merchantville | $361K | +7.1% | +7.4% | -1.0% | WAIT | 45/100 |
| Paramus | $1.09M | +9.9% | +6.5% | +2.2% | ACCUMULATE | 44/100 |
| Cranford | $782K | +6.9% | +5.2% | +1.9% | ACCUMULATE | 43/100 |
| Sayreville | $535K | +3.2% | +3.4% | -1.5% | WAIT | 43/100 |
| Morristown | $914K | +6.6% | +6.3% | +0.9% | ACCUMULATE | 42/100 |
| Flemington | $643K | +2.3% | +5.4% | -0.7% | WAIT | 41/100 |
| Summit | $1.43M | +13.2% | +7.7% | +2.9% | ACCUMULATE | 40/100 |
| Morris Plains | $733K | +4.2% | +5.8% | -0.2% | WAIT | 40/100 |
Frequently asked questions
Is now a good time to buy a home in New Jersey?
As of Aug 2026, our buy-timing signal for New Jersey is ACCUMULATE — prices are near fair value with a modest expected change (+2.0% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Feb 2027. Buy-timing score: 56/100.
Will home prices in New Jersey go down in 2027?
The model projects +2.0% over the next 12 months: about $595K by Aug 2027, with an 80% range of $584K–$605K (today $583K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in New Jersey?
The typical (mid-tier) home value in New Jersey is $583K as of Aug 2026, +4.1% year over year.
What is the cheapest time of year to buy in New Jersey?
Historically, prices in New Jersey run lowest in February, about 1.3% below the annual average, and highest in July.
Which areas in New Jersey have the best buy-timing right now?
Highest buy-timing scores: Camden (82/100, BUY), Pleasantville (80/100, BUY) and East Orange (79/100, BUY). Fastest-rising prices: Summit (+13.2%), Ridgewood (+12.4%) and Chatham (+11.4%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.