Home Prices 2024 Forecast Nj

Home Prices 2024 Forecast Nj. In the second half of 2022, national home prices experienced a mild correction as a rapid shift from 3% mortgage rates to more than 6% destabilized a housing market that had. The average home value in new jersey is $535,469, up 8.4% over the past year.

Find new jersey’s median house price, demand, supply and more with redfin. We expect transaction volume to gradually improve in early 2024 and get a boost toward the end as rates decline.