The typical home listed in New Jersey is priced at $559,500, roughly flat compared with a year ago. Homes are spending a median of 45 days on the market, indicating a balanced pace. Against a median household income of $103,556, the price-to-income ratio is about 5.4, a expensive level for local buyers.
| Metric | Value |
|---|---|
| Median Listing Price | $559,500 |
| YoY Price Change | 0.0% |
| Median Days on Market | 45 days |
| Active Listings | 21,036 |
| Median Household Income | $103,556 |
| Homeownership Rate | 63.8% |
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