the staff of the Ridgewood blog
Ridgewood NJ, Homes are selling at record speed across New Jersey, placing the Garden State among the top 10 states in the U.S. where properties are flying off the market the fastest, according to the latest data from Realtor.com.
In April 2025, homes in New Jersey spent an average of just 32 days on the market, tying for 4th place alongside Virginia and Connecticut. The surge in quick sales indicates a strong seller’s market despite rising home prices and economic uncertainty.
Top 10 U.S. States Where Homes Sell Fastest
According to Realtor.com’s April data, here’s how New Jersey stacks up:
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Massachusetts – 26 days
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Maryland – 30 days
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Rhode Island – 30 days
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Virginia – 32 days
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New Jersey – 32 days
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Connecticut – 32 days
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Minnesota – 36 days
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Washington – 36 days
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Illinois – 36 days
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Ohio – 37 days
New Jersey Home Prices Continue to Rise
In April 2025, there were 9,844 homes for sale in New Jersey with an average asking price of $569,000. And the numbers are only climbing.
Data from Zillow shows that the average home price in March 2025 was $548,338, up significantly from $515,021 in March 2024—a year-over-year increase of more than 6%.
Among the 547 ZIP codes analyzed in New Jersey, only six saw price declines. The city of Camden (ZIP 08104) experienced the largest price increase, with average home values rising 15% to $124,383.
Why Are Homes Selling So Fast?
While homes are moving quickly in New Jersey, the broader national picture tells a more complex story. According to a recent Redfin report, pending U.S. home sales dropped 3.4% year over year as of mid-May 2025—the lowest level for this time of year, excluding 2020.
Reasons for Buyer Hesitation:
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Rising home prices
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Elevated mortgage rates
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Economic concerns, including potential layoffs, tariffs, or a looming recession
“There’s a lot of doubt and hesitation among house hunters,” said Redfin Premier agent Meme Loggins. “People are starting their home search, then backing out because of high monthly payments or anxiety about the economy.”
What This Means for NJ Sellers and Buyers
For Sellers:
This is an excellent time to list your home in New Jersey. Properties are spending less than five weeks on the market and prices are climbing steadily, making now a prime time to take advantage of high demand.
For Buyers:
Be prepared for fierce competition and rising prices. Lock in mortgage pre-approvals early, and be ready to act fast if you find a property that fits your needs and budget.
📊 NJ Real Estate Snapshot – April 2025
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🏡 Average Days on Market: 32
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💲 Average Asking Price: $569,000
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📈 YOY Home Price Increase: +6%
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🔼 Camden (08104): +15% increase in home values
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Blow off top
suckers
Then they tear down the beautiful old homes and replace them with hideous cookie-cutter monsters stretched to the limits of the property to be purchased by persons with more money than taste.