New Jersey home prices rise as year-round shore demand expands

We're seeing New Jersey home prices continue their upward climb—outpacing the national average, with median prices ranging from $540K to $585K. Some shore towns are experiencing increases of 6% to 10%, largely driven by growing demand for year-round living along the coast and in suburban metroburbs. Yet, even as more buyers are drawn to these vibrant areas, challenges like high taxes, rising interest rates, and limited new construction are making both affordability and inventory a pressing concern. In my work guiding clients through life’s major transitions—be it divorce, probate, or estate sales—these market forces underscore the importance of having a strategic plan to protect your equity and achieve the best possible outcome, especially in a competitive landscape like Central and North Jersey.