New Jersey home shoppers and sellers are seeing a more active market this summer: active listings statewide rose sharply in June while the median listing price ticked down slightly, Realtor.com market data shows.
What changed for buyers and sellers
Realtor.com reported 19,413 active listings in New Jersey in June, an increase of 12.68% from a year earlier and up about 5.5% from May. Of those, 10,700 were newly listed that month.
The state’s median listing price was reported at $575,000, a modest decline of 0.77% year over year, though it rose slightly month to month by about 1.05%. Homes spent roughly 38 days on the market, a faster pace than many parts of the country.
More price reductions and rising inventory
June also brought a notable number of sellers trimming their asking prices. Realtor.com counted 4,964 price reductions statewide — up roughly 15.8% versus last June and about the same increase compared with May.
- Active listings statewide: 19,413 (up 12.68% yr/yr)
- Newly listed in June: 10,700
- Median listing price: $575,000 (down 0.77% yr/yr)
- Median days on market: 38
| Metric | June |
|---|---|
| Active listings | 19,413 |
| New listings | 10,700 |
| Median listing price | $575,000 |
| Days on market | 38 |
Regional gains led by the Northeast
Nationally, inventory rose for the 32nd straight month, but remained below pre-pandemic supply. The Northeast posted the largest year-over-year gain among regions, with an 8.5% increase in active listings, Realtor.com said. That trend was reflected in New Jersey county-level data: 19 of the state’s 21 counties registered higher active listings than a year earlier, and 19 counties also saw month-to-month gains.
In North Jersey, every county tracked by the site had higher active listings compared with June 2025. Reported county figures included:
- Bergen: 1,728 listings (up 17.92%)
- Passaic: 633 listings (up 33.4%)
- Morris: 851 listings (up 15.48%)
- Essex: 899 listings (up 6.77%)
- Sussex: 505 listings (up 2.54%)
Mortgage rates steady
Mortgage pricing remained largely unchanged in June. Freddie Mac reported 30-year fixed rates in the range of about 6.47% to 6.52%, while 15-year fixed rates hovered near 5.79% to 5.84%. Relatively stable borrowing costs can support buyer activity when inventory increases.
For New Jersey residents, the market shift means more options but also more competition to find bargains: more homes are listed and more sellers are reducing prices, yet median values in many desirable communities remain high. Buyers should watch inventory and rate movements closely; sellers should consider pricing strategy and how quickly they need to move a property.
Sources: Realtor.com market data; Freddie Mac mortgage rate report.
