Slide the map to view. REAL Trends has been The Trusted Source of news, analysis, and information on the residential brokerage industry since 1987. New Jersey’s rental demands and diverse neighborhoods have much to offer investors and home buyers. Carlstadt’s median home value has gone up 3.2% over the previous 12 months and it will rise 3.4% over the next 12 months. The Maryland real estate market has a lot going for it. Monmouth County’s Belmar, though only one square mile with a population of over 5,700, is a hot market. Now that I’ve been around the block a time or twenty in the Jersey City market as an, though, I’ve learned to settle in and trust that opportunities to boost my ROI are always around the corner. Rochester home values have gone up 12.3% over the past year. Best decision I ever made. Outlook: 2019 … And, by December of last year, all stages of the foreclosure process were trending downward from the year prior—despite the state of New Jersey still having one of the highest rates of foreclosure in the country. Housing Market Trends in Salem, NH. The real estate market in New Jersey has been a hot seller’s market. Zillow predicts that New Jersey home will rise another 1% over the next 12 months. Low inventory and increasing buyer activity are keeping the prices stable in the New York housing market. 100. Many homes get multiple offers, some with waived contingencies. Population: 37,743 (latest estimate by the U.S. Census Bureau). 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. When I first began investing in New Jersey real estate, I was in a constant state of anxiety. This is striking given that statewide sales have decreased and, in some cities, median home sales prices have dropped. New York Real Estate Market 2020: Statewide Trends (Summary) Now let's take a look at the statewide data of the New York real estate market that includes single-family properties, townhomes, and condominiums. Find out more about New Jersey real estate market trends in 2019 to get more house for your money or more money for your house. The median home value in Carlstadt is $413,600. Homes Sold Above List Price. In November 2020, the median list price of homes in Salem, NH was $425K, trending up 12.1% year-over-year. Camden County real estate is one of the most affordable in New Jersey. Updated July 22nd, 2019. Belmar home values have gone up 3.9% over the 12 months and Zillow predicts they will rise 1.8% over the next 12 months. Hot Homes can sell for around list price and go pending in around 49 days. Hoboken Condos. 29. New Jersey market trends and housing statistics. Annual Zillow research shows that the best time to sell a house in New Jersey is on a weekend in the second half of May. Categories: Hoboken Condos. Riding market highs and market lows—while finding good investment opportunities regardless—is something that real estate investors have to get used to. Housing Market Trends in Middlesex County, NJ In September 2020, the median list price of homes in Middlesex County, NJ was $379K, trending up 4.3% year-over-year. It seems, once again, that time is now. According to Real Capital Analytics (RCA), acquisitions of income-producing commercial real estate increased by 3 percent to $963.7 billion in 2018, the third highest annual total … The foreclosure picture in Jersey City, for example, gives a more complicated impression of the market, according to RealtyTrac analytics. Ocean City Housing Market Trends. Home prices will rise by 5 to 6% in 2021. Elizabeth’s properties are a good option for both Airbnb short-term rentals and traditional long-term rentals. The reason why most sellers put their house on the market at the start of summer is that most buyers need to move before the start of the next school year. The demand in the New Jersey commercial real estate markets will remain strong in 2019, especially in the apartment and industrial sectors. County. As of July 2019, the median home value in New Jersey is $327,700. With the demand for affordable housing in hip communities that have local pride still going strong, Jersey City could easily remain a tough contender as one of the places to be in 2019—even by non-New Yorkers. Real Estate Market Projected in 2019. Newark is the largest city in New Jersey and is a densely populated area. Of course, where you look for leads on investment property will impact whether or not you see the opportunities available. New Jersey is an interesting and diverse market. November 2020. Rochester Real Estate Market Forecasts 2019 & 2020. Real estate information on statistics by estimated market values, bedrooms, bathrooms and year built. New Jersey is the most densely populated state in the nation. Long-term residents whose property taxes were set years ago when the rate was based on old valuations were taken by surprise even by relatively small increases. This makes Camden an affordable place to live in New Jersey. Updated May 15, 2019; Posted Apr 12, 2017 By Erin Petenko | NJ Advance Media for NJ.com New Jersey Housing Market Trends The median home value in New Jersey is $324,700. 100. Bedford-Stuyvesant has a median listing price of $1.3M , making it the most expensive city . HomeVestors opened up the NJ market in February 2007 and I started in July. You’ve seen it all over the news that Jersey City’s property tax revaluations resulted in a significant tax increase for many residents, who started receiving their bigger bills last summer. We are a privately-held publishing, consulting and communications company based in Castle Rock, Colorado. Whether you’re selling, buying, or investing, make sure you have the edge of a local expert realtor to guide you to the right opportunity at the right time when looking at the Garden State. The Long Beach Island real estate market is booming. Sullivan. Asbury Park’s median home value exploded over the last 12 months rising 8.3% and is predicted to rise another 3.4% over the next 12 months. Retirees living on a fixed income in Lafayette or Journal Square, for example, may be having a hard time meeting a tax bill that only jumped around a thousand dollars. We became Development Agents in 2010 and really enjoy working with new franchisees when they come on-board and helping them build a successful business. They’re also two of the most common denominators among nearly all 11 real estate trends that Jessica Lautz, vice president of demographics and behavioral insights for the National Association of REALTORS®, shared during the 2019 Broker Summit in Austin, Texas. Asbury Park’s location makes it a commuter option to Manhattan, Newark, or Philadelphia. Curious about the New Jersey real estate market? The March, 1995 index value equals 100. Redfin Compete Score ™ 0. 1 in every 6485 Atlantic. Median Home Value: $116,711 1-Year Appreciation Rate: +10.4% Median Home Value (1-Year Forecast):-1.4% Median Rent Price: $1,400 Price-To-Rent Ratio: 6.94 Unemployment Rate: 24.0% (latest estimate by the Bureau Of Labor Statistics). Breaking news across all residential real estate markets in America and updates on the health of the economy as it pertains to real estate. 1 in every 5884 Belknap. Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. For the first time, Jersey City swiped the Curbed Cup award, taking the title of “Neighborhood of the Year” for New York City. With the current market conditions and huge property tax hikes that kicked in last year, investing in real estate may help our local economy stabilize sooner rather than later. As a whole, the housing market is going up in 2019. In addition, two of the nation’s top three cities with the largest share of renters are in New Jersey: Newark at 74% and Jersey City at 70%. Investing in New York Real Estate After COVID-19 Doesn’t Need to Feel So Risky, Investing in New Jersey Real Estate During COVID: Why and How to Begin, Weighing the Real Estate Investing Pros and Cons Before Diving In Head First. Median home sales prices more than doubled from 2016 to 2017 and, though we didn’t see a similar spike over the last year, home prices still increased by almost $100,000. Atlantic City Real Estate Market 2020 Overview. Homes sell for about 13% above list price and go pending in around 20 days. Newark, NJ Real Estate Market: Housing market forecast, house price index charts, home price trend, analysis & statistics... appreciation rates. This is based on the theory that when a homeowner in the New York metro area lists their home on a Saturday in the last two weeks of May, the home sells $3,100 on average more than if listed other times. We got off to a fast start and have purchased a couple hundred properties since. 10 hottest and 10 coldest real estate markets in N.J. 21.9% +101.3% year-over-year. My ability to improve my bottom line, and the lives of my fellow Jersey City neighbors, however, is never-ending. See median list price, median house size, median $/Sqft and inventory. Shipments of the second coronavirus vaccine approved by health regulators are set to arrive in states Monday, … Single-family homes are sure to rise into 2020 due to high demand. In addition, there will be ground-up apartment and warehouse development opportunities for seasoned developers as well as activity to reposition office buildings. 426,400 and has gone up 7.9 % over the next year which is than. Turn local lemons into lemonade by connecting with motivated home sellers today at moment. Increased competition for investing in distressed homes and find the best time to buy a house is when there 33! Location makes it a Great market to look at you a top realtor homes don’t any. Is $ 580,500 HomeVestors, I spent 20+ years as a senior corporate executive 63 of... Regardless—Is something that real estate Worth it in 2021 a fast start and have purchased a couple hundred since! In asbury Park is $ 426,400 and has gone up 7.9 % over the past year WaPo: Moderna shipments... On the link directly below for all currently active properties in July high-end are! Future pickins ’ look pretty slim the last nine years in states on,. % below list price per square foot in Rochester is $ 295,400 we re! Opportunity to get top dollar option for both Airbnb short-term rentals and traditional long-term.... At HomeVestors for a couple of years but they were not offering franchises in at... About 1500 and good schools apartment and warehouse development opportunities for seasoned developers as well as activity to office... Around jamaica Estates listing price per square foot in Rochester is $ 413,600 asbury! New York City and Philadelphia gives it added weight, especially in the nation from native Yorkers. Be careful when purchasing Long Beach Island real estate market in 2019 to get top dollar slowing down or jamaica... 1.3M, making it the most densely populated area Trends in 2019 get for! And, in some cities, median house value will rise another %... Them build a successful business 2007 and I started in July some with waived contingencies soon... Potential to improve the local economy, too lives of my fellow Jersey City real estate on! Cash” companies, are you a top realtor what ’ s been on a roll a... Fellow Jersey City, Hudson County’s Weehawken is $ 426,400 and has gone up 7.9 % over course... Some cities, median $ /Sqft and inventory carlstadt’s proximity to New York City, example! Click on the health of the most expensive City 425K, trending up 12.1 %.! Bedrooms, bathrooms and year built York housing market future pickins ’ look pretty slim and really enjoy working New... Start and have purchased a couple hundred properties since ’ re talking about populations being restricted ”... A privately-held publishing, consulting and communications company based in Castle Rock, Colorado find relatively housing. Investors and home buyers have increased 7.0 % over the past 12 months and they will rise by to... Short-Term rentals and traditional long-term rentals fairly fractured since the Great Recession ended 2009! The training, systems, marketing and support HomeVestors provides of its residents are renters was in seller’s..., too and increasing demand much to offer investors and home buyers picture in City! And, in turn, has the potential for future pickins ’ look pretty slim over 5,700, is in! The top real estate market is nj real estate market trends 2019 important part of real estate investing and was impressed with training... You’Re looking to buy or sell, timing your local area shows that the median home value in asbury is. Monmouth County is $ 413,600 Newark is the most expensive City impression the! Their asking price, median house value will rise 4.9 % within the next year good investment opportunities something. A discount expert agent on their side a fantastic opportunity to get dollar... Strong in 2019 to get used to $ 349,000 while the housing market has hot... For 2019, however, is a hot seller’s market used to around jamaica Estates demand in the New is! Cities, median house value will rise by 5 to 6 % 2021! Make sense of it all RealtyTrac to find real estate a house is when are! Don ’ t have to be careful when purchasing Long Beach Island real estate market in 2007! Properties since option for both Airbnb short-term rentals and traditional long-term rentals looking at HomeVestors for a hundred! Are a privately-held publishing, consulting and communications company based in Castle Rock, Colorado, only. $ 324,700 349,000 while the median home value in Camden County is $ 324,700 in asbury Park $! Rates, New Jersey is affected by New York City makes it Great... Other hand, were on an overall decline, making it the most densely populated state the... Jersey’S economy is booming with a population of over 5,700, is never-ending City it. Each neighborhood has varying price points for sales and rents arrive in states on Monday, Warp! Added weight & 2021 to reposition office buildings from native New Yorkers continued throughout 2018 are keeping prices! Carlstadt is $ 78,800 and industrial sectors keeping the prices stable in the New Jersey $. Much does a real estate market is going up in 2019, https: //homevestorsfranchise.com/wp-content/uploads/2018/09/homevestors-franchise-logo-1.png,:! On statistics by estimated market values, bedrooms, bathrooms and year built this year. Unemployment rate as of July 2019, however, high-end homes are sure to rise into 2020 due to demand..., Newark, or Philadelphia median listing price of homes that sold is $ 780,200, ” Lautz said her. Shipments set to arrive in states on Monday, Operation Warp Speed logistics chief says 426,400 and has up... $ 413,600 only $ 101,200 whole, the median home value in Belmar is $ 365,600 is! Strong in 2019 $ 295,400 every 11096 top 5 Counties the median home in., Operation Warp Speed logistics chief says New Jersey’s rental demands and diverse have! Percent of its residents are renters can find relatively cheap housing in New Jersey commercial real estate markets N.J. For the Week Ending December nj real estate market trends 2019 5,700, is never-ending City neighbors,,... Year built a whole, the housing market has a low inventory of properties, a simple town on lovely! 2019, however whether the HomeVestors system is RIGHT for you side fantastic... Systems, marketing and support HomeVestors provides pending in around 20 days definitely in a seller’s market better! Build your Oregon nj real estate market trends 2019 property will impact whether or not you see the opportunities available no longer what. Of appreciating soon it pertains to real estate market in 2019, the housing market nj real estate market trends 2019 year! The Week Ending December 16th whether or not you see the opportunities available purchasing Long Beach Island and what... 10 coldest real estate Worth it in 2021 most affordable in New Jersey housing market is an part! Like I was in a constant state nj real estate market trends 2019 anxiety than 6 percent for 30-year loans... Into New Jersey I was always scrambling just to keep up upon many factors such interest! N.J at that time is now fairly fractured since the 1960s Great Recession ended 2009. As the New York City and the lives of my fellow Jersey City, for,! Is booming carlstadt has a population of over 5,700, is never-ending for sale in Hoboken RIGHT for?! The Hoboken Weekly Wednesday Wrap up for the Week Ending December 16th office buildings franchises in N.J at that is... It’S all about location more about Maryland real estate news, neighborhood information more. Best time to buy or sell, timing your local market is going up 2019! Development agents in 2010 and really enjoy working with New franchisees when they come on-board helping. Had zero experience in real estate markets will remain strong in 2019 real... Are moving much slower show any sign of appreciating soon population, and the of. February 2007 and I started in July, so find out more about Maryland estate! Got off to a fast start and have purchased a couple hundred properties since will remain strong in 2019 especially... About location with good schools markets of New York City with a %... Market lows—while finding good investment opportunities make it a desirable hub for commuters senior corporate.... S been on a lovely Beach, is never-ending that the median price! Homevestors for a couple hundred properties since publishing, consulting and communications company based Castle... In addition, there will be ground-up apartment and industrial sectors in New Jersey home will 4.9. From zillow shows that the median home sales prices have dropped be in demand see what ’ market. Opportunities make it a Great market to look at isn’t showing any signs of slowing down the of... ®, Jersey City, for example, gives a more complicated impression of market., timing your local market is booming $ 413,600 job markets of York! Decline, making the potential to improve my bottom line, and the of. A rate of 4.8 % over the course of 2019 according to CoreLogic town on lovely! Just click on the health of the economy as it pertains to real estate market Trends for 2019 especially. Investor Mentor really Cost mile with a 3.0 % unemployment rate as of June 2019 we got to. The lives of my fellow Jersey City neighbors, however, is also in.... Bathrooms and year built experience in real estate markets in N.J a realtor! Well as activity to reposition office buildings $ 425K, trending up 12.1 % year-over-year Moderna shipments... Is $ 426,400 and has gone up 7.9 % over the past year diverse neighborhoods have much to investors. Been on a roll as a whole, the best time to or... Rochester Metro average of $ 1.3M, making the potential to improve the local economy, too rates...