New Jersey home prices continued to rise in July 2026, even as more homes became available for sale. The latest statewide housing statistics show a market that remains expensive and generally favorable to sellers, but with important differences between single-family homes, condos and adult communities.
Across all residential property types, the statewide median sales price reached $595,000 in July 2026, an increase of 8.0% from July 2025. At the same time, the number of homes for sale increased 5.9%, while pending sales declined 4.2%.
For buyers and sellers, the takeaway is not simply that New Jersey real estate is getting more expensive. Higher home values also make transaction costs increasingly significant. On a $650,000 home, for example, every 1% of the sale price represents $6,500.
Inventory is improving, but prices have not fallen. Single-family homes remain particularly competitive, while the condo and townhouse market is showing substantially more inventory and softer sales activity.
New Jersey Housing Market at a Glance: July 2026
| Metric | July 2026 | Year-Over-Year Change |
|---|---|---|
| Median Sales Price – All Residential | $595,000 | +8.0% |
| Closed Sales | 8,749 | +4.5% |
| New Listings | 11,820 | +3.1% |
| Pending Sales | 7,724 | -4.2% |
| Homes for Sale | 21,637 | +5.9% |
| Days on Market | 34 days | +6.3% |
| Months Supply of Inventory | 3.1 months | +3.3% |
Source: New Jersey REALTORS® July 2026 Monthly Indicators. Statewide data is compiled from multiple listing services throughout New Jersey and was reported as of August 9, 2026.
New Jersey Home Prices Continued to Rise in July 2026
The statewide median sales price across single-family homes, townhouses, condominiums and adult-community properties increased from $551,000 in July 2025 to $595,000 in July 2026.
That 8.0% year-over-year increase is significant because it occurred at the same time that statewide inventory was expanding. More homes for sale did not translate into lower prices during July.
The statewide average sales price also increased to approximately $739,488, up 8.0% from the prior July.
Single-Family Home Prices Reached a $650,000 Median
The New Jersey single-family market remained particularly strong in July. The median sales price reached $650,000, compared with $625,000 in July 2025, representing a 4.0% year-over-year increase.
Closed single-family sales increased sharply as well, rising 9.2% from 5,734 sales in July 2025 to 6,262 sales in July 2026.
Sellers also received an average of 103.2% of their most recent list price. That does not mean every home sold above asking price, but statewide it indicates that properly positioned single-family homes continued to attract considerable buyer demand.
For sellers trying to generate competition, pricing strategy remains important. See our guide to starting a bidding war on a New Jersey home and our discussion of why pricing high and reducing the price later can be risky.
Is Housing Inventory Increasing in New Jersey?
Yes. Statewide residential inventory increased to 21,637 homes for sale, 5.9% more than in July 2025.
However, the inventory increase is not evenly distributed across property types.
- Single-family homes: 13,921 for sale, up 1.3%
- Townhouses and condos: 5,535 for sale, up 16.4%
- Adult-community homes: 1,940 for sale, up 16.2%
This distinction matters. A statewide headline saying that inventory is rising can obscure the fact that single-family inventory increased only modestly, while condo and adult-community inventory grew much more rapidly.
Is New Jersey Still a Seller’s Market in 2026?
Statewide statistics still generally favor sellers, particularly in the single-family market, but the answer increasingly depends on property type, price range and location.
Single-family homes had only 2.9 months of supply in July, unchanged from the prior year. Sellers received 103.2% of their most recent list price on average.
By contrast, townhouse and condo inventory increased to 3.6 months of supply, up from 2.9 months the previous July. Adult communities reached 3.2 months of supply.
In other words, New Jersey is not one uniform housing market. Buyers may encounter intense competition for a desirable single-family home in one town while having substantially more negotiating room on a condo or age-restricted property elsewhere.
NJ Condo Prices Rose Even as Sales Activity Slowed
The townhouse and condominium market produced one of the most interesting combinations of statistics in the July report.
- Median sales price increased 9.3% to $469,950.
- Inventory increased 16.4%.
- Months of supply increased from 2.9 to 3.6 months.
- Closed sales declined 8.5%.
- Pending sales declined 9.8%.
- Average days on market increased from 36 to 38 days.
This is a useful reminder that rising prices do not necessarily mean every measure of market activity is strengthening. Condo and townhouse prices were considerably higher than a year earlier even while inventory increased and transaction volume weakened.
Adult-Community Homes Are Taking Longer to Sell
New Jersey’s adult-community market also showed increasing inventory. The median sales price rose 4.0% year over year to $390,000, while available inventory increased 16.2%.
Average days on market increased substantially, from 36 days in July 2025 to 44 days in July 2026. Sellers in this segment may therefore face a different market than owners of conventional single-family homes.
Are New Jersey Home Prices Going Down?
The July 2026 statewide data does not show falling home prices.
Median prices increased year over year in all three major residential categories:
- Single-family: $650,000, up 4.0%
- Townhouse/condo: $469,950, up 9.3%
- Adult community: $390,000, up 4.0%
The statewide all-residential median increased even faster, rising 8.0% to $595,000.
That does not mean prices will rise indefinitely or that every municipality is appreciating at the same rate. Real estate conditions can vary substantially by town, property style, school district and price range. But the July statewide figures do not support the idea that New Jersey home prices were broadly declining.
Housing Affordability Remains a Major Problem in New Jersey
The combination of high sale prices and prevailing borrowing costs continues to challenge buyers.
New Jersey’s single-family Housing Affordability Index fell from 75 in July 2025 to 72 in July 2026. The statewide index across residential property types declined from 85 to 79.
The index measures whether median household income is sufficient to qualify for the median-priced home under prevailing financing conditions. An index of 100 represents the income level needed to qualify; a figure below 100 indicates that median household income is below that threshold.
For buyers, affordability therefore involves more than negotiating the purchase price. Financing costs, closing costs and real estate agent compensation can all affect the total economics of a purchase.
Buyers who want to understand how representation is paid can review our guide to buyer-agent commission in New Jersey. New Jersey also permits qualifying buyer commission rebates; see are buyer commission rebates legal in New Jersey?
Higher NJ Home Prices Make Realtor Commission Costs More Significant
When home prices rise, percentage-based transaction costs rise with them.
The July 2026 statewide median price for a single-family home was $650,000. At that price, each percentage point of commission equals $6,500.
| Percentage of Sale Price | Amount on a $650,000 Home |
|---|---|
| 1% | $6,500 |
| 2% | $13,000 |
| 2.5% | $16,250 |
| 3% | $19,500 |
These percentages are examples, not assumed or required commission rates. Real estate compensation is negotiable.
For a broader explanation, read our 2026 New Jersey Realtor commission guide. Sellers comparing different pricing models may also find our guide to comparing Realtor fees in New Jersey useful.
It is also worth understanding the difference between a reduced commission structure and reduced service. Our article explaining what a New Jersey low-commission Realtor is discusses how these models can differ.
Do New Jersey Sellers Still Have to Pay a Traditional Commission?
No particular percentage is automatically required merely because a homeowner hires a real estate broker. Brokerage fees and compensation arrangements can vary by company and transaction.
For more detail, see Do I Still Have to Pay 6 Percent Commission to List My House in New Jersey?
For sellers, this becomes increasingly important as property values rise. A difference of even one percentage point can represent several thousand dollars without changing the home’s sale price.
What the July 2026 NJ Housing Market Means for Sellers
For many New Jersey sellers, July’s numbers remain encouraging. Single-family sales increased, prices were higher than a year ago, and the average single-family sale still closed above the property’s most recent list price.
However, rising inventory means sellers should not assume that every home will generate immediate competition. Pricing, condition, location and property type continue to determine how buyers respond.
Condo and adult-community sellers should pay particular attention to competing inventory because both categories saw the number of available properties increase by more than 16% year over year.
What the July 2026 NJ Housing Market Means for Buyers
Buyers are seeing somewhat more inventory, but the statewide numbers do not yet show broad price relief.
Single-family buyers continue to face relatively limited supply and strong sale-to-list-price ratios. Condo buyers, however, may find more choices than they did a year earlier, with townhouse and condominium inventory up 16.4% and months of supply rising to 3.6.
Because affordability remains strained, buyers should evaluate the entire transaction rather than focusing only on purchase price. Mortgage terms, property taxes, insurance, closing expenses and buyer-agent compensation can all materially affect the actual cost of ownership.
Looking to Reduce Real Estate Commission Costs in New Jersey?
ListOneNJ offers New Jersey sellers a 1% listing fee and offers qualifying buyers a buyer commission rebate, subject to transaction, lender and closing requirements.
These programs are designed for consumers who want professional real estate representation while keeping a closer eye on transaction costs.
New Jersey Housing Market July 2026: Bottom Line
The July 2026 housing statistics point to a New Jersey market that is gradually gaining inventory without experiencing a broad decline in prices.
Single-family homes remain relatively supply-constrained and continued to sell at strong prices. Condo and townhouse inventory is expanding much more rapidly, although median prices remain substantially above last year’s levels. Adult-community inventory is also higher, with homes taking longer to sell.
For sellers, higher values can improve sale proceeds but also magnify percentage-based transaction expenses. For buyers, additional inventory is welcome, but affordability remains challenging. In both cases, understanding real estate compensation and comparing available service models can have a meaningful financial impact.
Data source: New Jersey REALTORS® July 2026 Monthly Indicators. Data as of August 9, 2026. Statewide figures are compiled from multiple listing services in New Jersey. Reported statewide numbers are subject to the margin of error stated by New Jersey REALTORS®.