As the cost of living continues to rise, the housing market in New Jersey has been no exception. According to data compiled by New Jersey Realtors from January through August 2022, homes in South Jersey have been selling in less than a month on average, highlighting a seller’s market. However, median prices for single-family homes have been reaching $500,000 and above in nine counties in North and Central Jersey.

If you’re considering buying or selling a home in New Jersey, it’s important to have a clear understanding of the median prices by county. Here’s a breakdown of the median home prices for each county in New Jersey:

  • Atlantic County: $270,000
  • Bergen County: $655,000
  • Burlington County: $343,000
  • Camden County: $235,000
  • Cape May County: $500,000
  • Cumberland County: $160,000
  • Essex County: $550,000
  • Gloucester County: $290,000
  • Hudson County: $690,000
  • Hunterdon County: $560,000
  • Mercer County: $400,000
  • Middlesex County: $500,000
  • Monmouth County: $600,000
  • Morris County: $640,000
  • Ocean County: $389,900
  • Passaic County: $412,000
  • Salem County: $220,000
  • Somerset County: $570,000
  • Sussex County: $385,000
  • Union County: $500,000
  • Warren County: $335,000

It’s worth noting that all but two counties have seen homes sell for more than the list price on average this year, indicating a highly competitive market. However, with the help of a reliable real estate agency, such as Goodbuy Homes NJ Realty, navigating the market can be made much easier.

If you’re looking to sell your home, Goodbuy Homes NJ Realty offers top-notch services that can help you get the best deal possible for your property. With their extensive network and knowledge of the local market, they can help you set the right price, market your home effectively, and negotiate offers.

If you’re a buyer looking to purchase a home in New Jersey, Goodbuy Homes NJ Realty can also assist you in finding the perfect property. With their experience and expertise, they can help you navigate the competitive market, make informed decisions, and find the home of your dreams.

In conclusion, the New Jersey housing market is highly competitive, with median prices varying by county. If you’re considering buying or selling a home, it’s important to have the guidance of an experienced real estate agency like Goodbuy Homes NJ Realty. Contact them today to learn more about how they can help you navigate the market and get the best deal possible.