The New Jersey housing market, by the numbers.
Median sale price, days on market, and what a traditional sale really costs a New Jersey seller — every figure on this page comes from the source cited next to it.
- Median sale price: $580,000
- Median days on market: 35
- Typical selling costs: ~7.06% of the price
- Foreclosure timeline: 12 to 24 months
Planning a New Jersey sale?
This page is a free educational snapshot — no signup, nothing to fill out.
The headline numbers.
Each figure comes from the source cited under it. Medians describe the middle of the New Jersey market, not any specific house.
| New Jersey metric | Value | Source |
|---|---|---|
| Median sale price | $580,000 | Redfin state market tracker, May 2026 |
| Median days on market | 35 days | Redfin state market tracker, May 2026 |
| Average agent commission | 5.2% (≈ $30,160) | Clever, Feb 2026 survey (state avg) |
| Seller closing costs | 1% (≈ $5,800) | Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately) |
| Seller transfer tax | 0.86% (≈ $4,988) | NJ Realty Transfer Fee, seller-paid, graduated 0.4-1.21% (FirstExchange, 2026); effective rate est. at May 2026 median price |
Data updated: September 2026
Selling the traditional way in New Jersey: the math.
The same arithmetic an agent would run at your kitchen table, worked on the New Jersey median sale price.
How to read this: on the $580,000 median sale, the traditional route leaves roughly $539,052 before loan payoff, repairs, and the holding costs (effective property tax ~2.49%/yr per the Tax Foundation, plus insurance and utilities) that stack up while you wait about 35 days on market. These are estimates worked on the New Jersey median; your actual costs vary by county, property, and buyer.
The cost of waiting: New Jersey's effective property-tax rate runs about 2.49% a year (Tax Foundation). Worked on the $580,000 median home, that's roughly $14,442 a year in property tax — call it $1,385 accrued across the 35-day (about 5-week) median wait for a traditional sale, before insurance and utilities, and on top of the selling costs above. The longer a New Jersey listing sits past the median, the bigger that carrying cost grows.
The New Jersey foreclosure clock.
New Jersey uses a judicial foreclosure process, and a typical case runs 12 to 24 months — that window is how much real time an owner has to catch up, refinance, or sell.
How long it really takes: Practitioner estimate: the LONGEST in the nation — ATTOM Q4 2025 average ~2,041 days (~5.5 years); even an uncontested case commonly runs 1–2 years from complaint to sheriff's sale. Judicial-only, processed through the Office of Foreclosure.
Primary statute: N.J.S.A. 2A:50-53 to -68. This is general information, not legal advice — confirm the specifics with a local attorney.
If you need to sell fast.
The numbers above describe the traditional route in New Jersey: roughly 7.06% of the price in selling costs and about 35 days of waiting before a financed buyer even closes. When time is the real problem — a foreclosure date, back taxes, a move that can't wait — some owners trade part of the headline price for speed and certainty by selling as-is to a cash buyer.
Your cash option: You can request offers on New Jersey houses sold as-is — no repairs, no commissions, no fees to you. Requesting offers is free, and you decide what happens next.
See what the New Jersey numbers mean for your house.
Compare the traditional math above with a fast as-is sale — free tools, sourced data, and a timeline you control.
Selling fast in New Jersey →