The median home price (half of all homes sold cost more, and half cost less) of a residential property as of December 31 was $253,000, according to Clear Capital. These towns saw home values peak in the first quarter of 2017, despite a slow statewide recovery from the recession. Elizabeth is blazing. Statewide, home prices in New Jersey have risen over the last few years. These trends are important to all home buyers, whether you end up buying a house in 2018 or 2019. A record shortage of homes for sale drove prices up on a monthly and annual basis. Data as of July 2019 from Zillow shows that New Jersey home values rose 3.2% over the last 12 months and will rise another 1% over the next 12 months. They are the epitome of a seller's market. Every day until 2030, 10,000 Baby Boomers will turn 65 a and 7 out of 10 people will require long term care in their lifetime. Looking to buy a home in or relocate to New Jersey? U.S. home-sale prices increased 6.9% year over year in December to a median of $312,500 across the 217 metros Redfin tracks. Buying a home will be an even more expensive undertaking in 2019 as mortgage rates and home prices increase. There are currently 2,191,454 properties with a median home value in the United States of $228,200. BedsAny1+2+3+4+5+ Use exact match Bathrooms Any1+1.5+2+3+4+ Home TypeHouses Manufactured Condos/co-ops Multi-family Apartments Lots/Land Townhomes Max HOA Homeowners Association (HOA)HOA fees are monthly or annual charges that cover the … Protect your real estate investment, know before you buy. When it comes to car insurance, Insure.com’s April 2019 report ranks New Jersey 20th in the nation with an average annual premium of $1,520. Last 2 Years: 2018 Q2 - 2020 Q2: 7.19%: 3.53%: 3. Newark’s median home value rose a whopping 11.9% over the last 12 months and is expected to rise another 6.5% over the next 12 months. The median list price per square foot in the United States is $144. According to GasBuddy data from May 2019, the average price of a gallon of gas in the Garden State is $2.92. Home prices were also up 1.1% month over month on a seasonally-adjusted basis, the largest increase since February 2018. The cost of that care varies based on care setting, geographic location of care and level of care required, among other things. ... 2019 Q2 - 2020 Q2: 3.60%: 3.60%: 4. Of the total homes in the United States 85% are for sale, 15% are for rent, and 63% are single family homes. Interested in knowing how much your home in the United States is worth? RealtyTrac provides detailed information on New Jersey real estate statistics & foreclosure trend summary to keep investors, realtors, & consumers updated. Cost of Care Survey. Use our patented search to check NJ home values, average rental prices, the current housing market and more. 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