NJ Real Estate Market | Summer 2025

As we move into summer 2025, the NJ real estate market continues to favor sellers, characterized by rising home prices, limited inventory, and strong buyer demand.

📈 Market Overview

• Home Values: The average home value in New Jersey has increased by 5.7% over the past year, reaching approximately $563,670. Zillow

• Inventory Levels: While inventory has seen a slight uptick, it remains below pre-pandemic levels, maintaining a competitive market environment.

• Mortgage Rates: Rates are hovering around 6.8% to 7%, which may affect affordability for some buyers. Houzeo

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🏘️ Regional Highlights

• Woodbury: Experiencing a strong seller's market with home prices rising 34% year-over-year. Houzeo

• Atlantic City: Leaning towards a buyer's market, with homes spending a median of 119 days on the market and a sale-to-list price ratio of 96%. Houzeo

• Jersey Shore Rentals: Summer rental bookings are off to a slow start, prompting some property owners to reduce prices to attract vacationers. Axios+1Wikipedia+1

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🧠 Key Takeaways

• For Buyers: Be prepared for a competitive market, especially in high-demand areas. Having financing pre-approved and being ready to act quickly can be advantageous.

• For Sellers: The current market conditions are favorable, with strong demand and rising prices. However, staying informed about regional trends is crucial, as market dynamics can vary significantly across different areas.