Cities with the fastest-growing home prices in New Jersey

Written by:
May 2, 2024
Arina P Habich // Shutterstock

Cities with the fastest-growing home prices in New Jersey

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $355,696 in March, 4.6% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in New Jersey using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending March 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in New Jersey.

1 / 50
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#50. Clark

- Typical home value: $645,935
- 1-year price change: +$85,943 (+15.3%)
- 5-year price change: +$194,698 (+43.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

2 / 50
Stacker

#49. Demarest

- Typical home value: $1,168,064
- 1-year price change: +$86,149 (+8.0%)
- 5-year price change: +$293,151 (+33.5%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

3 / 50
Stacker

#48. New Providence

- Typical home value: $851,660
- 1-year price change: +$86,377 (+11.3%)
- 5-year price change: +$215,978 (+34.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

4 / 50
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#47. Princeton

- Typical home value: $898,826
- 1-year price change: +$86,478 (+10.6%)
- 5-year price change: +$227,945 (+34.0%)
- Metro area: Trenton-Princeton, NJ

5 / 50
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#46. Allenwood

- Typical home value: $854,524
- 1-year price change: +$86,637 (+11.3%)
- 5-year price change: +$309,234 (+56.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

6 / 50
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#45. Livingston

- Typical home value: $919,328
- 1-year price change: +$86,645 (+10.4%)
- 5-year price change: +$234,563 (+34.3%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

7 / 50
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#44. Shrewsbury

- Typical home value: $833,010
- 1-year price change: +$86,820 (+11.6%)
- 5-year price change: +$278,098 (+50.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

8 / 50
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#43. Madison

- Typical home value: $944,286
- 1-year price change: +$86,941 (+10.1%)
- 5-year price change: +$212,383 (+29.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

9 / 50
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#42. Ridgewood

- Typical home value: $1,032,909
- 1-year price change: +$87,102 (+9.2%)
- 5-year price change: +$266,110 (+34.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

10 / 50
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#41. Little Silver

- Typical home value: $964,152
- 1-year price change: +$87,121 (+9.9%)
- 5-year price change: +$318,647 (+49.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

11 / 50
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#40. Lincroft

- Typical home value: $905,807
- 1-year price change: +$88,709 (+10.9%)
- 5-year price change: +$296,834 (+48.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

12 / 50
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#39. Holmdel Township

- Typical home value: $967,732
- 1-year price change: +$89,526 (+10.2%)
- 5-year price change: +$305,709 (+46.2%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

13 / 50
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#38. Florham Park

- Typical home value: $874,784
- 1-year price change: +$89,922 (+11.5%)
- 5-year price change: +$193,571 (+28.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

14 / 50
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#37. Summit

- Typical home value: $1,165,996
- 1-year price change: +$90,204 (+8.4%)
- 5-year price change: +$265,478 (+29.5%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

15 / 50
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#36. Woodcliff Lake

- Typical home value: $1,072,531
- 1-year price change: +$92,219 (+9.4%)
- 5-year price change: +$280,605 (+35.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

16 / 50
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#35. Westfield

- Typical home value: $1,106,026
- 1-year price change: +$93,179 (+9.2%)
- 5-year price change: +$308,920 (+38.8%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

17 / 50
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#34. Haworth

- Typical home value: $988,049
- 1-year price change: +$93,847 (+10.5%)
- 5-year price change: +$280,842 (+39.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

18 / 50
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#33. Bay Head

- Typical home value: $1,989,427
- 1-year price change: +$94,670 (+5.0%)
- 5-year price change: +$717,083 (+56.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

19 / 50
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#32. Bradley Beach

- Typical home value: $956,971
- 1-year price change: +$95,102 (+11.0%)
- 5-year price change: +$366,433 (+62.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

20 / 50
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#31. Skillman

- Typical home value: $969,196
- 1-year price change: +$97,000 (+11.1%)
- 5-year price change: +$277,679 (+40.2%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

21 / 50
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#30. Tenafly

- Typical home value: $1,126,299
- 1-year price change: +$97,819 (+9.5%)
- 5-year price change: +$253,076 (+29.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

22 / 50
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#29. Mountain Lakes

- Typical home value: $1,068,164
- 1-year price change: +$100,632 (+10.4%)
- 5-year price change: +$235,508 (+28.3%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

23 / 50
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#28. Ship Bottom

- Typical home value: $1,190,496
- 1-year price change: +$101,085 (+9.3%)
- 5-year price change: +$460,568 (+63.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

24 / 50
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#27. Interlaken

- Typical home value: $1,235,756
- 1-year price change: +$101,403 (+8.9%)
- 5-year price change: +$481,220 (+63.8%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

25 / 50
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#26. South Orange

- Typical home value: $954,587
- 1-year price change: +$101,703 (+11.9%)
- 5-year price change: +$299,765 (+45.8%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

26 / 50
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#25. Bernardsville

- Typical home value: $933,720
- 1-year price change: +$103,203 (+12.4%)
- 5-year price change: +$260,036 (+38.6%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

27 / 50
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#24. Mantoloking

- Typical home value: $1,866,137
- 1-year price change: +$103,424 (+5.9%)
- 5-year price change: +$718,215 (+62.6%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

28 / 50
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#23. Montclair

- Typical home value: $1,026,210
- 1-year price change: +$103,693 (+11.2%)
- 5-year price change: +$337,470 (+49.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

29 / 50
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#22. Oakhurst

- Typical home value: $896,142
- 1-year price change: +$103,986 (+13.1%)
- 5-year price change: +$423,917 (+89.8%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

30 / 50
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#21. Harvey Cedars

- Typical home value: $1,863,134
- 1-year price change: +$105,490 (+6.0%)
- 5-year price change: +$737,524 (+65.5%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

31 / 50
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#20. Warren Township

- Typical home value: $1,045,860
- 1-year price change: +$107,947 (+11.5%)
- 5-year price change: +$265,676 (+34.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

32 / 50
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#19. Spring Lake

- Typical home value: $1,145,810
- 1-year price change: +$108,474 (+10.5%)
- 5-year price change: +$416,201 (+57.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

33 / 50
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#18. Chatham

- Typical home value: $1,151,014
- 1-year price change: +$109,048 (+10.5%)
- 5-year price change: +$233,284 (+25.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

34 / 50
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#17. Franklin Lakes

- Typical home value: $1,429,256
- 1-year price change: +$112,072 (+8.5%)
- 5-year price change: +$393,857 (+38.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

35 / 50
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#16. Colts Neck Township

- Typical home value: $1,137,963
- 1-year price change: +$119,273 (+11.7%)
- 5-year price change: +$387,589 (+51.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

36 / 50
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#15. Princeton Junction

- Typical home value: $958,603
- 1-year price change: +$121,408 (+14.5%)
- 5-year price change: +$306,403 (+47.0%)
- Metro area: Trenton-Princeton, NJ

37 / 50
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#14. Long Beach Township

- Typical home value: $1,731,699
- 1-year price change: +$124,792 (+7.8%)
- 5-year price change: +$725,396 (+72.1%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

38 / 50
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#13. Brielle

- Typical home value: $1,041,048
- 1-year price change: +$130,650 (+14.4%)
- 5-year price change: +$411,598 (+65.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

39 / 50
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#12. Saddle River

- Typical home value: $1,983,251
- 1-year price change: +$131,521 (+7.1%)
- 5-year price change: +$384,449 (+24.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

40 / 50
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#11. Millburn

- Typical home value: $1,133,998
- 1-year price change: +$140,154 (+14.1%)
- 5-year price change: +$340,341 (+42.9%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

41 / 50
Stacker

#10. Fair Haven

- Typical home value: $1,300,639
- 1-year price change: +$140,222 (+12.1%)
- 5-year price change: +$476,122 (+57.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

42 / 50
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#9. Essex Fells

- Typical home value: $1,324,103
- 1-year price change: +$145,412 (+12.3%)
- 5-year price change: +$407,741 (+44.5%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

43 / 50
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#8. Far Hills

- Typical home value: $1,311,740
- 1-year price change: +$154,295 (+13.3%)
- 5-year price change: +$339,852 (+35.0%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

44 / 50
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#7. Short Hills

- Typical home value: $2,030,813
- 1-year price change: +$182,911 (+9.9%)
- 5-year price change: +$574,035 (+39.4%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

45 / 50
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#6. Rumson

- Typical home value: $1,911,503
- 1-year price change: +$185,810 (+10.8%)
- 5-year price change: +$711,373 (+59.3%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

46 / 50
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#5. Allenhurst

- Typical home value: $1,901,050
- 1-year price change: +$218,464 (+13.0%)
- 5-year price change: +$988,033 (+108.2%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

47 / 50
Stacker

#4. Deal

- Typical home value: $3,588,191
- 1-year price change: +$219,159 (+6.5%)
- 5-year price change: +$1,773,428 (+97.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

48 / 50
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#3. Alpine

- Typical home value: $2,845,852
- 1-year price change: +$225,190 (+8.6%)
- 5-year price change: +$527,201 (+22.7%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

49 / 50
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#2. Sea Girt

- Typical home value: $2,023,801
- 1-year price change: +$244,891 (+13.8%)
- 5-year price change: +$829,621 (+69.5%)
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

50 / 50
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#1. Loch Arbour

- Typical home value: $2,588,654
- 1-year price change: +$362,549 (+16.3%)
- 5-year price change: data not available
- Metro area: New York-Newark-Jersey City, NY-NJ-PA

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.

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