Homes Are Selling Fastest In These States, Including NJ

NEW JERSEY — New Jersey is among the top 10 states in the U.S. where homes are flying off the market fastest, according to Realtor.com.

Data released for the month of April shows homes for sale in New Jersey stay on the market for an average of 32 days. The Garden State came in fourth, along with Virginia and Connecticut.

Massachusetts took the top spot at a median of 26 days, followed by Maryland and Rhode Island at 30 days, according to Realtor.com.

• RELATED: These NJ Zip Codes Saw The Biggest Increases In Home Prices

In April, New Jersey had 9,844 homes on the market at an average asking price of $569,000.

Here's a look at the top 10 states and the median days homes were on the market:

1. Massachusetts: 26 days
2. Maryland: 30 days
3. Rhode Island: 30 days
4. Virginia: 32 days
5. New Jersey: 32 days
6. Connecticut: 32 days
7. Minnesota: 36 days
8. Washington: 36 days
9. Illinois: 36 days
10. Ohio: 37 days

The numbers could spell good news for sellers in New Jersey.

According to a recent Redfin report, pending U.S. home sales fell 3.4 percent year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020.

Would-be homebuyers are backing off for two main reasons, according to Redfin, including rising home prices and elevated mortgage rates. Some buyers aren't committing because they're anxious about the U.S. economy's future.

“There’s a lot of doubt and hesitation among house hunters,” said Meme Loggins, a Redfin Premier agent. “People are starting their home search, then backing out because they either talked to their lender and realized how high their monthly payments would be, or they’re feeling jittery about tariffs, a potential recession or the possibility of getting laid off."

While homes are selling quickly in New Jersey, buyers are having to shell out more to purchase them.

In March 2025, the average New Jersey home price jumped to $548,338, up from $515,021 in March 2024, according to data from Zillow.

Of the 547 zip codes Zillow analyzed, only six saw home values decrease this year compared to March 2024.

The city of Camden (08104) saw the biggest increase in home prices this year, according to the data. The average home value in Camden is $124,383, a 15 percent increase from March 2024.

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