How is New Jersey's Real Estate Market Doing in 2025?

By William “Bill” Boswell

Bill is widely known as one of New Jersey’s most sought after real estate agents and is a sales associate of Keller Williams Prosperity Realty.

How is the New Jersey real estate market doing right now? If you’ve been keeping up with the housing market, you know things are a little different right now. The market’s a challenge, but the big question is, what does a “challenging market” really mean for sellers in New Jersey? I’ll cover everything you need to know about New Jersey’s real estate market trends.

Limited construction. There’s very little new construction happening in New Jersey, and most of what gets built is from tearing down existing homes. New Jersey doesn’t see the same level of building activity as other states like Texas, Florida, and Arizona, where constant new developments give buyers plenty of options.

This ongoing lack of new construction has created a unique market dynamic where demand continues to outpace supply, which drives home prices higher. However, even with the rising costs, buyers are still actively looking. This keeps the market strong despite its challenges.

Thriving real estate market. New Jersey has actually become one of the strongest real estate markets in the U.S. because of its limited housing supply. The scarcity of new homes fuels higher prices, which in turn strengthens the market. It’s not affordability that’s leading the way, like what most people assume because the real driving factor is supply and demand.

How sellers can take advantage of the New Jersey market. With the limited inventory in New Jersey, sellers can benefit from expanding their reach to buyers beyond the local market. This is where Omega’s expertise really shines. We’ve spent over a decade building a network that connects sellers to buyers across towns, counties, states, and even countries.

Instead of just sticking to the local pool of buyers, reaching a wider audience gives sellers a chance to attract more offers that lead to a higher sale price. Many homes have sold for up to thousands more simply by opening up to buyers beyond the local area.

In New Jersey’s real estate market, Omega offers a solution to the challenge of limited inventory. Our ability to connect sellers with a much larger pool of buyers is key to getting the highest sale price. If you’re considering selling, or if you just want to learn more about the current state of the market, give us a call. You can reach us at 973-224-4605 or send an email to bill@northjerseyluxury.com. We’re more than happy to help you out.