(Trenton, NJ) — New Jersey home prices continued to climb in July, though inventory has increased slightly. The year-to-date median sales price for single-family homes reached $610,000, up 3.7% from a year ago, while the statewide median sales price across all property types rose to $550,000.

Inventory continued to improve, with 21,637 homes for sale in July, up 5.9% from the same month last year, giving buyers more options across the state. Year-to-date new listings also increased 3.3%. At the same time, closed sales were down 1.5% year-over-year and pending sales declined 0.3%, reflecting continued affordability pressures from elevated home prices and mortgage rates.

Statewide Market Highlights—Total Market All data below reflects year-to-date through July 2026 unless otherwise indicated. The percentage reflects the year-over-year change.

• Median Sales Price: $550,000 (+4.8%)
• Closed Sales: 45,843 (-1.5%)
• Pending Sales: 50,272 (-0.3%)
• New Listings: 75,278 (+3.3%)
• Homes for Sale in July: 21,637 (+5.9%)
• Days on Market: 40 (+8.1%)
• Percent of List Price Received: 101.5% (-0.4%)

Single-Family Homes

• Median Sales Price: $610,000 (+3.7%)
• Closed Sales: 31,243 (+0.2%)

Townhouse/Condominiums

• Median Sales Price: $440,000 (+3.5%)
• Closed Sales: 10,253 (-7.5%)

Adult Communities

• Median Sales Price: $380,000 (+2.0%)
• Closed Sales: 4,005 (+1.9%)

New Jersey Realtors data reflects residential real estate activity reported through all New Jersey multiple listing services. For the full state and county reports, visit njrealtor.com/data.

About New Jersey Realtors

New Jersey Realtors, the voice for real estate in New Jersey for more than 100 years, is a non-profit organization serving the professional needs of more than 54,000 Realtor and Realtor-Associate members engaged in all facets of the real estate business. In addition to serving the professional needs of its members, New Jersey Realtors is dedicated to enhancing the ability of its members to conduct their business successfully while preserving private property rights. Realtor is a registered collective membership mark that may be used only by real estate professionals who subscribe to the Realtor® organization’s strict Code of Ethics and are members of the national, state, and local Realtor® organizations. For more information, visit njrealtor.com.