New Jersey’s real estate market in late 2025 continues to evolve as the post-pandemic surge gives way to a more balanced, sustainable environment. While home prices continue to climb, the pace has moderated, and buyers are finding more options thanks to a steady increase in inventory. Market watchers note that the combination of slightly slower appreciation, higher mortgage rates, and growing housing supply is creating an environment where buyers have more negotiating power while sellers still retain an advantage.
Residential real estate across the state reflects these dynamics. The median home price in August 2025 reached approximately $584,700, marking a 5.8% increase year-over-year, a significant slowdown compared to the double-digit growth observed during the height of the pandemic. At the same time, the number of homes listed for sale has risen by more than 10% compared to last year, offering buyers a broader selection and reducing the frequency of bidding wars. Mortgage rates in the 6% to 7% range continue to shape buyer behavior, encouraging all-cash purchases and more cautious financial planning for prospective homeowners.
Regional variations remain pronounced. Northern New Jersey, particularly Bergen and Monmouth counties, continues to see robust demand due to strong school systems, convenient transit options, and proximity to New York City. South Jersey, including Camden and Atlantic counties, is attracting more cost-conscious buyers, including those commuting to Philadelphia. The Jersey Shore, notably Atlantic City and Ventnor, has experienced sustained appreciation, with infrastructure projects like the Ventnor boardwalk reconstruction expected to further enhance property values.
Commercial real estate and development also highlight the state’s growth trajectory. The New Jersey Economic Development Authority recently approved a $359 million investment for a mixed-use residential and commercial tower at the HELIX campus in New Brunswick, signaling strong confidence in urban redevelopment. Multifamily housing projects and smaller industrial warehouses continue to secure substantial funding, such as a $50 million loan for a 240-unit rental development in Delran. Large infrastructure projects, including the Gateway Tunnel expansion and NJ Turnpike improvements, are anticipated to bolster commercial activity while supporting residential development. While traditional office spaces face challenges due to hybrid work models, demand remains strong for data centers, experiential retail, and entertainment venues.
Governor-elect Mikie Sherrill has outlined plans to focus new housing construction near mass transit hubs and to address persistent affordable housing shortages, a priority as New Jersey confronts demographic shifts and growing urban demand. Meanwhile, legislative changes such as the Real Estate Consumer Protection Enhancement Act, effective August 2024, now require sellers to disclose known property conditions, while a tiered “mansion tax” on homes over $1 million has shifted the tax burden to sellers.
A standout example of New Jersey’s evolving residential offerings is the newly built condominium at 82 Colgate Street, Unit 2, in Downtown Jersey City. This modern duplex, listed at $948,000, combines contemporary design with urban convenience. Spanning 1,000 square feet over two levels, the condo features three bedrooms, two ensuite bathrooms, and a private roof deck with panoramic Manhattan views. The open-concept main floor allows flexible living and entertaining, while the kitchen boasts marble countertops, stainless-steel appliances, and a breakfast bar that flows seamlessly into the living area.
The primary bedroom on the upper level provides a serene retreat, with oversized windows bathing the space in natural light, a walk-in closet, and a modern ensuite featuring a deep tub-shower combination and sleek built-in storage. An additional third bedroom offers comfort and style with similar high-end finishes, making the unit ideal for families or professionals seeking both space and luxury. Residents benefit from dedicated storage in the building’s basement, central heating, and an in-unit washer and dryer, ensuring functionality alongside elegance. The private roof deck provides an exceptional outdoor space for relaxation or entertaining, framing unobstructed views of the Manhattan skyline.
Location is another asset, with the condo situated less than a mile from the Grove Street PATH station, offering direct routes to the World Trade Center and 33rd Street. Bus lines, shops, parks, and cafes enhance the neighborhood experience, while local schools such as Dr. Conti Elementary and James Ferris High School provide additional appeal for families.
As New Jersey’s real estate market adapts to rising inventory and more moderate price growth, buyers and investors are finding opportunities in both residential and commercial sectors. Developments like the HELIX campus tower and Downtown Jersey City condos illustrate the state’s ongoing commitment to urban revitalization and high-quality housing options. Homebuyers, developers, and investors looking to stay ahead of trends can find comprehensive updates and resources at Explore New Jersey’s Real Estate section.
For inquiries or viewings for 82 Colgate Street, Unit 2, Jersey City, contact Dean Clark of Dean Clark Group at EXP Realty at 201-240-8319 or Dean@deanclarkgroup.com.
