Home Prices Jumped 10 Percent In These NJ Counties

NEW JERSEY — Eleven New Jersey counties saw home prices jump by nearly 10 percent or more this May compared to the same month last year, according to new data that revealed where in the Garden State buying a home could cost you more.

The list was created using Zillow data from May 2024, which showed that the typical home value in New Jersey is $527,599 — significantly higher than the nationwide value of $360,681.

Topping the list were Sussex, Camden, and Somerset counties, where home prices jumped by 11 percent, according to the data. Home values also increased by more than 10 percent in Morris, Mercer, Burlington, and Hunterdon counties, and just under 10 percent in Essex, Atlantic, and Monmouth counties.

Currently, the most expensive homes in the Garden State are located in Cape May, where typical home values averaged more than $704,610 in May, according to the report. However, the county also saw the smallest increase in values at 4.7 percent.

The most affordable homes were in Cumberland County, where values averaged $250,419.

Here's a look at home values in each county and the percentage change from May 2023 to May 2024:

Atlantic

• Average home value (May. 2024): $355,385
• Percent change: 9.9 percent

Bergen

• Average home value (May 2024): $693,262
• Percent change: 8 percent

Burlington

• Average home value (May 2024): $388,938
• Percent change: 10.2 percent

Camden

• Average home value (May 2024): $323,797
• Percent change: 10.9 percent

Cape May

• Average home value (May 2024): $704,610
• Percent change: 4.7 percent

Cumberland

• Average home value (May 2024): $250,419
• Percent change: 7.6 percent

Essex

• Average home value (May 2024): $610,227
• Percent change: 9.9 percent

Gloucester

• Average home value (May 2024): $355,976
• Percent change: 9.3 percent

Hudson

• Average home value (May 2024): $598,988
• Percent change: 8 percent

Hunterdon

• Average home value (May 2024): $590,334
• Percent change: 10 percent

Mercer

• Average home value (May 2024): $413,758
• Percent change: 10.2 percent

Middlesex

• Average home value (May 2024): $527,318
• Percent change: 9.4 percent

Monmouth

• Average home value (May): $695,806
• Percent change: 9.8 percent

Morris

• Average home value (May 2024): $644,791
• Percent change: 10.3 percent

Ocean

• Average home value (May 2024): $507,636
• Percent change: 9.6 percent

Passaic

• Average home value (May 2024): $534,704
• Percent change: 9.1 percent

Salem

• Average home value (May 2024): $270,017
• Percent change: 8.4 percent

Somerset

• Average home value (May 2024): $621,343
• Percent change: 10.8 percent

Sussex

• Average home value (May 2024): $417,521
• Percent change: 11 percent

Union

• Average home value (May 2024): $575,533
• Percent change: 8.4 percent

Warren

• Average home value (May 2024): $393,835
• Percent change: 8.9 percent