New Jersey’s real estate market continues to surge as 2025 winds down, with the Garden State standing out nationally for its resilience, innovation, and luxury developments. A blend of strong housing demand, expanding inventory, and major commercial projects is shaping the next chapter of real estate across North, Central, and South Jersey.

Residential Real Estate: High Demand Meets Expanding Options

For more than five years, New Jersey’s residential market has been one of the strongest in the country, fueled by migration from nearby metro areas like New York City and Philadelphia. Many buyers continue to head west of the Hudson in search of more space, better value, and suburban comfort without losing access to major job centers.

In September 2025, the statewide median home price rose 4.6% year-over-year, marking a 44.7% increase compared to late 2019. Despite the impressive appreciation, the market is showing early signs of balance thanks to an 8.7% rise in available inventory. More listings mean buyers are regaining some negotiating power after years of bidding wars and lightning-fast sales.

Still, market strength varies dramatically by region. Northern counties like Bergen, Union, and Essex continue to command top-tier prices, benefiting from proximity to Manhattan and strong commuter demand. In contrast, more rural counties such as Salem, Cumberland, and Cape May remain attractive for buyers seeking affordability and a slower pace of life.

Political Momentum Toward Affordability

Following the recent election of Governor-elect Mikie Sherrill, housing affordability has become a top statewide priority. Her administration is expected to push for expanded first-time homebuyer programs, tax incentives for developers, and streamlined approval processes to boost new housing construction. These initiatives could help offset years of limited housing supply and ease pressure on middle-income buyers struggling with high mortgage rates and rising costs.

Sherrill’s plan to encourage responsible development aligns with New Jersey’s broader economic goals — creating sustainable growth while preserving the state’s distinct character, from its vibrant downtowns to its scenic shore towns.

Commercial Real Estate: Redevelopment and Reinvention

The commercial property market remains equally dynamic. Northern New Jersey continues to see robust activity, especially across the industrial, logistics, and multifamily sectors. The state’s prime location between New York City and Philadelphia — combined with access to ports, rail, and major highways — keeps it a powerhouse for distribution and warehousing.

Recent transactions underscore the strength of the market. A 204,000-square-foot office building in Parsippany was acquired by Signature, while Legacy Real Estate secured the former Casio headquarters in Dover, signaling investor confidence in Morris County’s long-term growth potential.

Meanwhile, older office properties across the state are undergoing transformation. The shift toward hybrid work has fueled a “flight to quality,” with demand concentrating on premium Class A spaces featuring modern amenities, flexible layouts, and wellness-driven designs. Many outdated buildings are being converted into mixed-use properties or residential units to meet changing market needs.

Major redevelopment projects are also reshaping New Jersey’s skyline. In Paramus, the Garden State Plaza is being reimagined into a walkable, mixed-use “downtown” featuring retail, housing, and entertainment spaces. Elsewhere, Mount Olive and Fair Lawn are welcoming new warehouse and distribution centers, bolstering the state’s position as a logistics hub for the entire Northeast.

The Luxury Market: New Heights in Jersey City

At the top of the market, Jersey City’s Gold Coast continues to redefine urban luxury living. One of the most talked-about listings this year is the combined penthouse at 77 Hudson, a breathtaking residence that spans nearly 4,000 square feet and commands panoramic views of the Manhattan skyline.

The home blends modern design with smart technology, including integrated lighting, climate control, and entertainment systems. With two kitchens, multiple living spaces, and spa-inspired bathrooms, the penthouse showcases the next level of high-end living in New Jersey.

77 Hudson’s extensive amenities — from its fitness center and pool to its business lounge and entertainment areas — make it one of the state’s most prestigious addresses. Its location along the Exchange Place waterfront offers direct ferry and PATH access to Manhattan, reinforcing Jersey City’s role as a premier residential destination for professionals seeking luxury just outside New York City.

Axria Names William Ryan Chief Financial Officer as Company Expands Its Real Estate Footprint

Axria Inc., a rapidly growing and vertically integrated real estate development and investment company, has announced the appointment of William Ryan as its new Chief Financial Officer, effective August 2025. The move marks a significant step in the firm’s ongoing strategy to reinforce its financial foundation and strengthen its position within the competitive real estate landscape.

With an impressive career that spans decades in corporate finance, strategic growth, and real estate investment, Ryan brings a wealth of expertise to Axria’s leadership team. His appointment comes at a time when the company is expanding its operations across New Jersey and beyond, with a focus on large-scale development projects, capital optimization, and innovative investment models designed to meet the evolving needs of the modern real estate market.

In his new role, Ryan will oversee all financial operations of Axria Inc., including strategic planning, risk management, and investor relations. His leadership will be instrumental in refining the company’s long-term financial vision while ensuring a disciplined approach to capital allocation and project execution.

“William Ryan’s extensive experience and proven track record in financial management and real estate development make him the perfect fit for this role,” said an Axria spokesperson. “His insight into both fiscal responsibility and growth strategy aligns with our mission to create sustainable value for our investors, partners, and the communities we serve.”

Axria has quickly become one of the most dynamic firms in New Jersey’s real estate sector, known for its ability to integrate development, investment, and asset management under one roof. The company’s approach combines data-driven decision-making with a strong commitment to design excellence and community impact. With Ryan stepping into the CFO position, Axria aims to continue building on this success while enhancing its financial resilience in an increasingly complex market.

Ryan, who has previously served in senior financial roles for several high-profile development firms, is expected to play a key role in guiding Axria through its next phase of growth. His focus on operational efficiency and financial discipline will help position the company to pursue new development opportunities, optimize its portfolio, and navigate changing market conditions with confidence.

The appointment also reflects Axria’s commitment to recruiting top-tier leadership talent as it continues to scale its operations. Under its current executive team, the company has expanded its real estate portfolio across residential, commercial, and mixed-use projects—many of which are redefining urban living and sustainable development standards throughout the state.

Axria’s integration of investment and development expertise has made it a notable player within New Jersey’s thriving real estate market. The company’s focus on long-term growth, community engagement, and innovative design continues to attract both investors and residents looking for new opportunities in the Garden State.

For those interested in keeping up with the latest developments, investment insights, and industry news from New Jersey’s growing real estate scene, visit Explore New Jersey Real Estate.

With William Ryan now at the financial helm, Axria Inc. is well-positioned to continue its trajectory as one of the state’s leading real estate innovators—balancing growth with financial precision, and vision with value.

A Market Balancing Growth and Opportunity

While national trends show cooling in home prices due to higher inventory, New Jersey and the broader Northeast remain strong. The state’s combination of economic diversity, educational institutions, and access to top-tier jobs continues to support housing demand even as other regions slow.

As developers look ahead, the focus is shifting toward sustainability, community connectivity, and affordability — ensuring that the next decade of real estate growth benefits not just investors, but residents across the state.

From reimagined downtowns to innovative green developments and luxury penthouses overlooking the skyline, New Jersey’s real estate story in 2025 is one of transformation and momentum. It’s a market balancing strength and accessibility — a reflection of the state’s enduring appeal as both a place to live and a place to invest.

To explore more about New Jersey’s thriving business, food, and lifestyle landscape, visit Explore New Jersey’s Food & Beverage section for more insights into what’s shaping the Garden State today.