A look at how NJ new home prices have surged since 2000

🏠 New home prices across NJ have surged dramatically since 2000, with some counties more than tripling in median cost.

📈 Bergen, Union, Hudson and Cape May counties topped the state for 2024 median new home prices.

📊 Early 2025 data shows prices still climbing in many counties, including Bergen, Union and Middlesex

We know the cost of living in New Jersey has been on the rise over the past few decades.

House prices are far from an exception a the Garden State continues to be a desirable location to live.

In 2000, the median price of a newly built house was $231,728. By 2024 — the last full year the state has finalized data for — that median price had nearly tripled to $665,606.

The number of new homes built was much lower in 2024 than in 2000.

A look at the median prices by county shows some interesting shifts in homeownership.

Bergen County has continued to lead the state when it comes to the most expensive new-home pricing. The more rural Cumberland County has remained the least frantic of housing markets.

What has been more in flux is where prices have been more affordable.

What it means for NJ homebuyers

The data emphasizes just how dramatically New Jersey’s new home construction market has changed since 2000.

Back then, buyers could find newly built homes in several counties for under $200,000.

By 2024, there was no county in New Jersey where the median price for a brand-new home remained below $350,000.

This is how much NJ home prices went up over 24 years, by county

Brace yourself —for each New Jersey county, here's the median price of new houses in 2000, versus 24 years later.

This data is from the New Jersey Department of Community Affairs for new houses issued a new home warranty. For good measure, we also checked on the only quarter for 2025 new homes available, so far.

Gallery Credit: Erin Vogt

Statewide preliminary data for the first quarter of 2025 shows there wasn't much relief in sight.

The statewide median price for a brand-new home between January and March last year was $775,740.

LOOK: This is where homes are selling the fastest right now

Stacker compiled a list of the metros where houses are selling the fastest, according to data from Redfin.

Gallery Credit: Stacker

Average New Jersey property taxes in 2025

Check to see whether your municipality's average tax bill last year went up or down. Data is from the state Department of Community Affairs. Municipalities are listed by county and alphabetically.

Gallery Credit: New Jersey 101.5

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Filed Under: NJ real estate