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We get it. Homeownership can be overwhelming, stressful, and confusing. Whether you’re searching for a new home, staying put, or somewhere in between, Realm is here to help. We use reliable, unbiased data to show you not only what a property is worth today, but what it could be worth in years to come. Our free tools give you accurate renovation cost estimates and tell you how much value a project will add. Plus, our insights are customized to each property, so you get trustworthy information you can actually use. Make smart choices for your home with Realm.


New Jersey Real Estate & Home Prices

$550,000
3
2
9,583 sqft
$484,659
4
3
20,604 sqft
$171,051
2
2
7,584 sqft
$346,231
2
2
6,225 sqft
$1,115,186
4
3
10,230 sqft
$552,922
7
6
2,614 sqft
$522,723
7
5
2,657 sqft
$931,497
8
5
13,896 sqft
$2,154,050
4
5
4,500 sqft
$498,813
5
3
20,000 sqft
$863,765
8
6
6,273 sqft
$366,779
3
1
8,838 sqft
$388,493
4
2
12,500 sqft
$449,898
4
2
13,230 sqft
$543,569
4
3
6,600 sqft
$646,344
2
1
1,600 sqft
4
2
5,320 sqft
$435,941
3
1
75,794 sqft
$281,585
2
2
9,779 sqft
$461,303
3
3
7,500 sqft
RealmNew Jersey

New Jersey Homes By The Numbers

Each property gets a score from 0-1,000, showing how much of its potential has been realized. Low score properties have more upside. High score properties are already optimized.

Average Realm Score

404
1000
Our assessment of the average current home value. We use several data sources including tax assessments, listing history, building permits, and zoning regulations.

Average Home Value

$367k25th percentile
$499k
$653k75th percentile
$367k25th percentile
$653k75th percentile
How much each home's value could increase with additional investment. We've analyzed what upgrades and changes are possible on each property in this neighborhood.

Average Untapped Potential Value

$025th percentile
$0
$075th percentile
$025th percentile
$075th percentile
The additional square feet each lot has available to develop. We compare the current footprint of the home to the maximum footprint allowed by local zoning rules.

Average Buildable Square Feet

4,597 sq ft
How much homes have been sold for over the last year.

Average Sale Price (Last 12 months)

$260k

Popular Projects in New Jersey

Our pricing estimates use local labor & material costs. With your free Realm account, you can customize pricing based on square footage and quality of materials.

Increase the livable space outside your home with a new deck

Deck

Estimated Cost: $5k - $7k

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Completely upgrade your kitchen, from cabinets to countertops, to make it a more enjoyable space for years to come.

Kitchen Renovation

Estimated Cost: $37k - $45k

Sign Up for % Recoup
Give your bathroom a face lift with a smaller remodel

Bathroom Renovation

Estimated Cost: $15k - $18k

Sign Up for % Recoup
Build a detached structure in your existing backyard space to create a private home office.

Backyard Home Office

Estimated Cost: $61k - $74k

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See How Your Home Compares

We currently cover standalone, single family homes in all 50 states, but not in every county.

Check our coverage map for more details on your county

New Jersey

Coastal living in New Jersey 

New Jersey has a long and storied history. Whether you know it as one of the original thirteen colonies, or as the home of The Boss, or as the playground of the Jersey Shore crew, the state is undeniably a place of great innovation.

The fifth smallest state by land area, New Jersey is only 7,354 square miles, and as a peninsula, it is bounded almost entirely by water – on the east, southeast, and south by the Atlantic Ocean, on the west by the Delaware River (and Pennsylvania), and on the southwest by Delaware Bay (and Delaware). Only its northern border with New York is “dry,” although the Hudson River forms part of the eastern border between New York and New Jersey. While it may be small in size, it is the most densely populated of the 50 states. New Jersey is at the center of the northeast megalopolis, located between New York City and Philadelphia, and is often described as a suburb of these metropolitan giants. Nearly one million New Jerseyites travel to NYC daily for work. An easy commute to either city makes New Jersey highly desirable for families and for those who prefer to avoid big-city living.

With so much coastline, New Jersey is famous for its beautiful beaches – 210 miles of surf and sand. Due to its coastal configuration, both sunrise and sunset can be viewed over the water from various points on the Jersey Shore. The state has more ocean boardwalks and piers than any other US state. In fact, the boardwalk was invented in New Jersey, and made world-famous by Atlantic City, the center of New Jersey’s gambling enterprises and home of the Miss America Pageant.

New Jersey history and economy 

Originally inhabited by the Lenni-Lenape people, European settlers began arriving in the early 1600s. By the end of that century the entire area had come under English rule. It was primarily an agricultural society, although maritime and shipping ventures also contributed to the growing economy. New Jersey was one of the Thirteen Colonies that opposed British rule, and during the Revolutionary War it became known as “The Crossroads of the American Revolution” as armies crossed the state numerous times and a number of pivotal battles occurred there.

From its inception, New Jersey has been a bastion of diversity and tolerance. It was the first state to extend voting rights to all inhabitants “of a certain wealth,” including Blacks and unmarried women. Known for its religious tolerance, Congregationalists, Presbyterians, Reformists, Quakers, and Anglicans coexisted peacefully. Although it was the last northern state to abolish slavery, New Jersey remained staunchly Union during the Civil War.

New Jersey was at the forefront of the Industrial Revolution. Still a largely agrarian economy, frequent crop failures and poor soil caused a shift to a more industrialized activity, such as the manufacture of textiles. Iron and zinc mining became leading industries, inspiring the growth of new towns and expanding shipping routes. Inventor Thomas Edison, known as The Wizard of Menlo Park, ushered in a new era with the electric lightbulb, and Christie Street near his research center was the first road in the world to feature electric lighting. Through both of the World Wars New Jersey was a center for naval construction. The opening of the Holland Tunnel between Jersey City and Manhattan in 1927 and the New Jersey Turnpike in 1951 (between NYC and Philadelphia) encouraged the rapid growth of bedroom communities since workers could easily access metropolitan areas.

Today, New Jersey has a strong scientific economy, which includes pharmaceuticals, biotechnology, information technology, telecommunications, food processing, and chemical development. It still has a large stake in agriculture and continues to be a leader in the shipping industry.

Architecture and homes in New Jersey 

Home architecture in New Jersey is eclectic; a mix of old and new. You will find everything from Georgian and Queen Anne styles to farmhouse, cottage, and contemporary homes. As a result of its long history, the state features a log cabin built by Finnish settlers dating back to the 1600s as well as many grand residences built by industrial tycoons. One such mansion, located in Somerset County, was purchased by the King of Morocco for his sons while they attended Princeton University.

So what can New Jersey homeowners expect as they house hunt in the Garden State? Although Realm’s data analysis shows that 93% of residences were outside flood zone areas, most homes are built on raised foundations to accommodate access to plumbing and avoid foundation issues with ground frost. Realm’s data analysis also found that wood floors were the most popular feature in the New Jersey housing market, with mentions in 36,696 recent real estate listings. HVAC work also cracked the top five most popular features, with 26,848 mentions in recent listings.

Ranch-style homes, often with finished basements, became popular at the mid-century mark. Data collected by Realm confirms this trend, showing that the most homes in New Jersey were constructed in 1950. Hallmarks of ranch-style homes include living spaces all on one level with extensive outdoor development and privacy fencing. Once again, data analysis by Realm confirms this, showing that decks (29,864 mentions), patios (23,035 mentions) and fencing (19,885 mentions) were among the most popular features in the New Jersey housing market.

Frequently asked questions about New Jersey real estate

Are houses selling in New Jersey?

New Jersey is one of the hottest real estate markets in the country. As of September 2021, single family homes were selling in 38 days, in contrast to the previous year, when homes were averaging 65 days on the market. Low mortgage rates coupled with limited inventory have been driving the home-buying frenzy. The trend is expected to slow during the fourth quarter of 2021, a time when sales traditionally drop off during the holiday season.

What is the average home price in New Jersey?

The average single-family home price has jumped approximately 24% in 2021. Homes valued around $404,000 in 2020 are typically bringing in around $503,000 in 2021. Many homes are selling over asking price, which is pushing neighborhood values to increase, as appraisers are forced to use those numbers for comps. Inventory is down about 10%, which is partially due to pandemic shutdowns.

Is New Jersey a wealthy state?

Yes and no. Due to its small size and its geographic location between New York City and Philadelphia, New Jersey is often considered to be a “suburb” of these major metropolitan areas. In 2020, New Jersey had the highest number of millionaires per capita in the entire United States. However, at the other end of the spectrum, the city of Camden has a poverty rate of 35.5%. Census Bureau records confirm that there is a wide economic disparity among New Jersey residents. Home values follow suit, so it is wise to consult with an experienced realtor in deciding where to live in New Jersey.

Popular Cities in New Jersey

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We currently cover most standalone, single-family homes