(TRENTON, NJ) Oct. 15, 2026—New Jersey’s housing market continued to offer buyers more options in September, with inventory increasing 12.1% year over year to 22,746 homes for sale, according to data from New Jersey Realtors, the statewide trade association representing 55,000 members. Despite the increase in available homes, prices remained elevated, with the statewide median sales price climbing 2.8% from September 2025 to $550,000

New listings increased 3.8% year over year in September, while year-to-date new listings were up 4.2%, signaling continued improvement in housing supply. However, buyer activity slowed, with closed sales declining 5.8% and pending sales falling 11.3% compared to September 2025. The combination of rising inventory and slower sales suggests buyers have more choices, but affordability remains a significant challenge.

Statewide Market Highlights—Total Market

All data below reflects year-to-date through September 2026 unless otherwise indicated. The percentage reflects the year-over-year change.

• Median Sales Price: $550,000 (+3.8%)
• Closed Sales: 61,423 (-1.5%)
• Pending Sales: 63,839 (-2.1%)
• New Listings: 96,958 (+4.2%)
• Homes for Sale in September: 22,746 (+12.1%)
• Days on Market: 39 (+5.4%)
• Percent of List Price Received: 101.4% (-0.3%)

Single-Family Homes

• Median Sales Price: $615,000 (+3.4%)
• Closed Sales: 42,129 (-0.1%)

Townhouses/Condominiums

• Median Sales Price: $437,500 (+1.7%)
• Closed Sales: 13,520 (-6.6%)

Adult Communities

• Median Sales Price: $379,000 (+1.1%)
• Closed Sales: 5,329 (+1.5%)

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.