Cities with the most rapidly increasing home values in New Jersey
The housing market excitement ignited by the COVID-19 pandemic persists, albeit at a diminished speed. Purchasers are still vying for a scarce inventory of dwellings, pushing prices up for affordable assets.
The average home price in the United States stood at $360,999 in September, reflecting a 2.4% rise from the prior year.
Rising mortgage rates have hindered expansion, with prices even dropping in certain locations. Nonetheless, some regions are still experiencing increases in prices relative to the previous year.
Stacker has assembled a compilation of municipalities with the most rapidly rising home values in New Jersey, utilizing information from Zillow. The cities are ordered by the monetary change in the Zillow Home Values Index for all residences over the 12 months ending September 2024. The graphs presented in this article were automatically generated using Matplotlib. Data was available for 50 cities and municipalities in New Jersey.
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#50. Manasquan
– Average home value: $1,080,231
– 1-year price change: +$81,797 (+8.2%)
– 5-year price change: +$417,699 (+63.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#49. Closter
– Average home value: $1,009,644
– 1-year price change: +$82,917 (+8.9%)
– 5-year price change: +$320,338 (+46.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#48. Oakhurst
– Average home value: $935,902
– 1-year price change: +$84,057 (+9.9%)
– 5-year price change: +$439,287 (+88.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#47. Old Tappan
– Average home value: $1,084,777
– 1-year price change: +$84,526 (+8.5%)
– 5-year price change: +$289,701 (+36.4%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#46. Strathmere
– Average home value: $1,463,759
– 1-year price change: +$84,908 (+6.2%)
– 5-year price change: +$657,874 (+81.6%)
– Metro area: Ocean City, NJ
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#45. Mountainside
– Average home value: $943,554
– 1-year price change: +$84,991 (+9.9%)
– 5-year price change: +$273,422 (+40.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#44. Allendale
– Average home value: $985,610
– 1-year price change: +$86,348 (+9.6%)
– 5-year price change: +$287,019 (+41.1%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#43. Skillman
– Average home value: $1,012,955
– 1-year price change: +$86,903 (+9.4%)
– 5-year price change: +$328,135 (+47.9%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#42. Bernardsville
– Average home value: $964,356
– 1-year price change: +$87,123 (+9.9%)
– 5-year price change: +$304,618 (+46.2%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#41. Glen Ridge
– Average home value: $1,066,107
– 1-year price change: +$87,984 (+9.0%)
– 5-year price change: +$340,673 (+47.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#40. North Caldwell
– Average home value: $1,086,190
– 1-year price change: +$88,761 (+8.9%)
– 5-year price change: +$336,404 (+44.9%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#39. Spring Lake
– Average home value: $1,203,165
– 1-year price change: +$89,766 (+8.1%)
– 5-year price change: +$476,076 (+65.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#38. Englewood Cliffs
– Average home value: $1,560,510
– 1-year price change: +$90,502 (+6.2%)
– 5-year price change: +$356,436 (+29.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#37. Westfield
– Average home value: $1,144,036
– 1-year price change: +$90,881 (+8.6%)
– 5-year price change: +$352,627 (+44.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#36. Brielle
– Average home value: $1,085,744
– 1-year price change: +$91,027 (+9.2%)
– 5-year price change: +$445,704 (+69.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#35. Montclair
– Average home value: $1,054,376
– 1-year price change: +$91,450 (+9.5%)
– 5-year price change: +$381,810 (+56.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#34. Ridgewood
– Average home value: $1,081,904
– 1-year price change: +$94,113 (+9.5%)
– 5-year price change: +$328,374 (+43.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#33. Chatham
– Average home value: $1,198,658
– 1-year price change: +$96,233 (+8.7%)
– 5-year price change: +$304,609 (+34.1%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#32. Tenafly
– Average home value: $1,160,925
– 1-year price change: +$96,276 (+9.0%)
– 5-year price change: +$322,890 (+38.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#31. Mountain Lakes
– Average home value: $1,109,810
– 1-year price change: +$96,395 (+9.5%)
– 5-year price change: +$303,620 (+37.7%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#30. Woodcliff Lake
– Average home value: $1,123,345
– 1-year price change: +$97,035 (+9.5%)
– 5-year price change: +$338,033 (+43.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#29. Princeton Junction
– Average home value: $989,328
– 1-year price change: +$99,345 (+11.2%)
– 5-year price change: +$347,665 (+54.2%)
– Metro area: Trenton-Princeton, NJ
#28. Demarest
– Average home value: $1,234,960
– 1-year price change: +$99,460 (+8.8%)
– 5-year price change: +$368,531 (+42.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#27. Livingston
– Average home value: $960,116
– 1-year price change: +$99,792 (+11.6%)
– 5-year price change: +$295,364 (+44.4%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#26. Warren Township
– Average home value: $1,092,756
– 1-year price change: +$100,441 (+10.1%)
– 5-year price change: +$327,631 (+42.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#25. Colts Neck Township
– Average home value: $1,185,424
– 1-year price change: +$103,111 (+9.5%)
– 5-year price change: +$450,358 (+61.3%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#24. Longport
– Average home value: $1,340,842
– 1-year price change: +$103,254 (+8.3%)
– 5-year price change: +$596,774 (+80.2%)
– Metro area: Atlantic City-Hammonton, NJ
#23. Interlaken
– Average home value: $1,310,597
– 1-year price change: +$104,129 (+8.6%)
– 5-year price change: +$553,119 (+73.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#22. Haworth
– Average home value: $1,049,767
– 1-year price change: +$104,838 (+11.1%)
– 5-year price change: +$343,797 (+48.7%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#21. Franklin Lakes
– Average home value: $1,482,598
– 1-year price change: +$107,592 (+7.8%)
– 5-year price change: +$469,344 (+46.3%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#20. Ship Bottom
– Average home value: $1,248,755
– 1-year price change: +$110,315 (+9.7%)
– 5-year price change: +$509,874 (+69.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#19. Fair Haven
– Average home value: $1,360,974
– 1-year price change: +$111,440 (+8.9%)
– 5-year price change: +$546,721 (+67.1%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#18. Beach Haven
– Average home value: $1,514,798
– 1-year price change: +$114,182 (+8.2%)
– 5-year price change: +$666,884 (+78.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#17. Millburn
– Average home value: $1,156,940
– 1-year price change: +$121,464 (+11.7%)
– 5-year price change: +$399,691 (+52.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#16. Surf City
– Average home value: $1,444,152
– 1-year price change: +$128,393 (+9.8%)
– 5-year price change: +$599,587 (+71.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#15. Saddle River
– Average home value: $2,082,705
– 1-year price change: +$132,268 (+6.8%)
– 5-year price change: +$510,727 (+32.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#14. Essex Fells
– Average home value: $1,331,577
– 1-year price change: +$133,456 (+11.1%)
– 5-year price change: +$464,250 (+53.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#13. Long Beach Township
– Average home value: $1,820,976
– 1-year price change: +$135,933 (+8.1%)
– 5-year price change: +$805,143 (+79.3%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#12. Far Hills
– Average home value: $1,344,697
– 1-year price change: +$138,624 (+11.5%)
– 5-year price change: +$434,608 (+47.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#11. Barnegat Light
– Average home value: $1,419,755
– 1-year price change: +$139,596 (+10.9%)
– 5-year price change: +$578,665 (+68.8%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#10. Rumson
– Average home value: $1,994,857
– 1-year price change: +$144,925 (+7.8%)
– 5-year price change: +$803,783 (+67.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#9. Harvey Cedars
– Average home value: $1,960,490
– 1-year price change: +$184,794 (+10.4%)
– 5-year price change: +$840,407 (+75.0%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#8. Allenhurst
– Average home value: $2,006,218
– 1-year price change: +$187,517 (+10.3%)
– 5-year price change: +$1,083,729 (+117.5%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#7. Mantoloking
– Average home value: $1,998,986
– 1-year price change: +$189,414 (+10.5%)
– 5-year price change: +$822,345 (+69.9%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#6. Alpine
– Average home value: $2,982,316
– 1-year price change: +$198,267 (+7.1%)
– 5-year price change: +$755,577 (+33.9%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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#5. Short Hills
– Average home value: $2,084,360
– 1-year price change: +$199,082 (+10.6%)
– 5-year price change: +$705,059 (+51.1%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#4. Bay Head
– Average home value: $2,111,987
– 1-year price change: +$208,839 (+11.0%)
– 5-year price change: +$823,184 (+63.9%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#3. Sea Girt
– Average home value: $2,080,024
– 1-year price change: +$232,190 (+12.6%)
– 5-year price change: +$934,742 (+81.6%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#2. Loch Arbour
– Average home value: $2,736,484
– 1-year price change: +$239,819 (+9.6%)
– 5-year price change: data not available
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
#1. Deal
– Average home value: $3,744,089
– 1-year price change: +$301,395 (+8.8%)
– 5-year price change: +$1,901,089 (+103.2%)
– Metro area: New York-Newark-Jersey City, NY-NJ-PA
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By Stacker
