What's Happening?
The real estate market in New Jersey is experiencing significant growth, with Bergen County leading the way in terms of median home prices. As of September 2025, the median home price in Bergen County reached $825,000, nearly double the national median list
price of $424,200. This surge is attributed to the county's proximity to New York City and its appeal to families seeking top-rated schools and competitive sports programs. In contrast, Salem County, a more rural area, saw median home prices at $290,000, up from $268,500 the previous year. The state's dense population and strategic locations along train lines contribute to higher returns for sellers.
Why It's Important?
The rising home prices in New Jersey reflect broader trends in the U.S. housing market, where demand continues to outpace supply. This situation benefits sellers, particularly in areas with easy access to major cities like New York. However, it also poses challenges for potential buyers, especially those looking for affordable housing options. The disparity in home prices between counties highlights the economic divide within the state, with urban areas attracting more affluent buyers. This trend could influence future urban planning and housing policies as the state seeks to balance growth with affordability.
