As we kick off September 2025, New Jersey’s real estate landscape is experiencing a notable shift. While home prices remain historically high, a steady rise in inventory is giving prospective buyers more breathing room. Developers are also making major moves, both in the residential and commercial sectors, with projects across the state redefining urban living and economic opportunity. Whether you’re house hunting, scouting investment potential, or just keeping an eye on the market, now is a fascinating time to explore what’s happening across the Garden State.
Residential Real Estate Market: More Choices, Slight Cooling
After years of red-hot competition and record-low inventory, buyers are starting to see a turn in the tide. According to the latest data from July 2025:
- Statewide home prices are still on the rise, with median values up 4.7% year-over-year.
- Inventory has climbed 12.7%, opening doors (literally) for buyers who were previously priced out or pushed aside in bidding wars.
- Single-family homes remain the hottest ticket in town, with the strongest price gains (up 5.8%), though the pace of sales has cooled slightly.
- Townhouses and condos are experiencing a more balanced environment, with inventory up 18.1%, leading to more stable pricing and less cutthroat competition.
- 55+ active adult communities are seeing an explosion in inventory as well, offering more choices for downsizers and retirees.
Meanwhile, mortgage rates are hovering in the 6% to 7% range, with the 30-year fixed averaging 6.62%. While still elevated compared to pre-pandemic levels, these rates are creating urgency among buyers who want to lock in before any potential increases—or dips—later this year.
South Jersey Snapshot: Deliberate Buyers, Local Momentum
In South Jersey, towns like Marlton and Voorhees are seeing healthy activity, but buyers are becoming more strategic. Homes are sitting just a bit longer, and price sensitivity is increasing. Expect a more thoughtful pace in this region through the fall.
Commercial Real Estate: Development Resilient Amid Shifting Economy
Despite some national economic headwinds, New Jersey’s commercial market remains active—particularly in industrial, multifamily, and mixed-use developments.
Key Commercial Updates as of Early September:
- $53 million in state funding was approved for an affordable housing complex in Atlantic City via the NJ Economic Development Authority.
- PCCP issued a $162 million loan for a 345-unit residential high-rise in Hoboken, reinforcing demand for luxury urban rentals.
- The industrial sector continues to grow, with vacancy rates at 8.7% but strong leasing activity driven by logistics, e-commerce, and retail operators.
- Logan Township saw a major acquisition by Stonemont Financial Group, investing in industrial service facilities to support infrastructure and delivery needs.
On the retail and hospitality front, Wonder, a food and tech brand, has joined the roster at the Print House in Hackensack, and Almost Home General Café has opened its doors in Jersey City, enhancing the city’s growing lifestyle and amenity offerings.
Political Influence in Focus
Looking ahead, the NAIOP New Jersey forum on September 22 will examine how the upcoming gubernatorial election could reshape the state’s real estate industry, from zoning policy to commercial tax incentives.
Explore more events in New Jersey ➤
Spotlight: Columbus House in Downtown Jersey City – Boutique Living in Prime Location
Jersey City’s residential appeal continues to rise, and Columbus House is the latest development turning heads. Located at 139 Christopher Columbus Drive, this boutique property offers 60 residences (50 apartments and 10 townhomes) designed with modern living in mind.
Highlights of Columbus House:
- Spacious layouts with one-, two-, and three-bedroom options—some with private terraces or multi-level floorplans.
- Sleek Bosch appliances, quartz countertops, and matte black fixtures create stylish, functional kitchens.
- Onsite amenities include:
- Stunning rooftop lounge with skyline views, grilling stations, and dining areas.
- Elegant resident lounge with café-style seating and a pool table.
- Secure FOB access, covered parking, bike storage, and pet-friendly policies.
- Just steps from the Grove Street PATH station, residents enjoy direct access to NYC and all the culture, dining, and shopping Downtown Jersey City has to offer.
📅 Mark your calendar: Public Open House on Thursday, September 18th, from 4–7 PM
Interested buyers can reach out to Patrick Southern at SERHANT. for more info:
📞 201-232-3381 | 📧 patrick@propertiesbysouthern.com
Trenton Revitalization: Clinton Lofts Ribbon Cutting Ushers in New Era
In the state capital, Trenton is celebrating a major milestone with the official ribbon cutting of Clinton Lofts, a 30-unit apartment complex built on what was once a long-vacant corner lot.
Located at the intersection of S. Clinton Avenue and Hamilton Avenue, the new development brings:
- Award-winning smart growth design
- Walkability to Trenton Transit Center and Roebling Market
- A mixed-use focus, combining creative space with residential living
Mayor Reed Gusciora highlighted this project as a sign of renewed investment in urban centers, and leasing is now underway. Interested renters are encouraged to apply immediately as units become available this September.
This project reflects the success of public-private partnerships in revitalizing New Jersey’s historic urban cores.
Final Thoughts: Market Outlook & What to Watch
As fall approaches, New Jersey’s real estate market is poised for continued transition. Buyers have more choices, sellers are adjusting expectations, and developers are building with intention and sustainability in mind. Expect the rest of 2025 to bring:
- More new developments in transit-friendly areas
- A continued focus on mixed-use and community-centric design
- Policy changes in the spotlight ahead of the 2025 election
Whether you’re interested in investing, buying your first home, or relocating within the Garden State, this is the moment to stay informed, stay flexible, and Explore New Jersey.
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