The spring market — which has typically been considered the busiest time for real estate — has brought most New Jersey counties a significant increase in new home listings from the start of 2025. But the Garden State's inventory is still much lower than last year's.

Overall, New Jersey had a total of 11,851 active home listings in February, including 6,902 new listings. This was a 4.96% decrease from last year but a 7.11% increase from January 2025, Realtor.com's monthly market data showed. The state also had a median listing price of $544,950, which was 1.5% higher than last year and 1.86% higher than last month.

As for the number of days active listings stayed on the market, listings in the Garden State typically stayed up for about 44 days. This was 14.29% more days than the same time last year, but 23.48% fewer days than in January 2025, Realtor.com said.

Across the nation, February marked the 16th straight month of housing inventory growth, with a 27.5% increase, said Realtor.com's Monthly Housing Market Trends Report. The median price of homes for sale in February was $412,000, down 0.8% from last year, and homes spent about 66 days on the market.

Mortgage rates also dipped, although only slightly, during February. Rates for a 30-year fixed mortgage ranged from 6.76% to 6.89%, and rates for a 15-year fixed mortgage ranged from 5.94% to 6.09%, Freddie Mac reported.

How much has North Jersey's housing inventory changed?

Fifteen of New Jersey's 21 counties had a decrease in new listings compared with February 2024, with seven of them declining by more than 10%. But 17 New Jersey counties had an increase in new listings compared with January 2025, with 12 of them growing by more than 10%.

North Jersey's spring market is kicking off a bit more slowly than at this time last year, with Bergen, Passaic, Morris and Sussex all seeing decreases in new listings — three of them by more than 17% — compared with February 2024. On the other end, Essex and Hudson counties saw an increase in new listings during this time.

• Bergen: 592 new listings (-2.63%).
• Passaic: 202 new listings (-17.89%).
• Morris: 300 new listings (-20.63%).
• Essex: 412 new listings (13.81%).
• Sussex: 144 new listing (-21.74%).
• Hudson: 376 new listings (0.53%).

When compared with January, Morris was the only North Jersey county that had a decrease in new listings, at 2.6%. All other North Jersey counties saw increases in new listings during this time as the region's spring market started to heat up.

• Bergen: 7.64%.
• Passaic: 5.21%.
• Essex: 24.1%.
• Sussex: 12.5%.
• Hudson: 18.24%.

How long are North Jersey homes staying on the market?

Fourteen New Jersey counties had active listings stay on the market for a longer period compared with February 2024. And when compared with January 2025, active listings stayed on the market for a shorter period in all of New Jersey's 21 counties.

In North Jersey, Morris, Essex, Sussex and Hudson counties had active listings stay on the market for more days in February than at the same time last year. Meanwhile, Passaic County had active listings stay on the market for fewer days in February than last year, while Bergen County saw no change.

• Bergen: 33 days (0%).
• Passaic: 31 days (-10.29%).
• Morris: 31 days (9.91%).
• Essex: 33 days (8.2%).
• Sussex: 50 days (12.36%).
• Hudson: 41 days (0.61%).

When compared with the previous month, active listings in all North Jersey counties stayed on the market for significantly fewer days in February as buyer demand increased from the start of the new year.

• Bergen: -39.25%.
• Passaic: -25.61%.
• Morris: -37.11%.
• Essex: -36.54%.
• Sussex: -13.04%.
• Hudson: - 22.54%.

What about North Jersey median home prices?

As has been seen in the last several months, and the last several years, median listing prices have increased in most New Jersey counties. Eighteen New Jersey counties saw median listing prices increase over February 2024, and eight New Jersey counties saw median listing prices increase from January 2025.

Sussex and Hudson counties were the only places in North Jersey that saw median listing prices decrease from the same time last year. Sussex County had a 0.63% decrease, with a median listing price of $399,950, while Hudson County had a 5.76% decrease, with a median listing price of $612,500. All other North Jersey counties saw an increase.

• Bergen: 2.62%.
• Passaic: 4.23%.
• Morris: 0.07%.
• Essex: 9.98%.

Compared with January 2025, Bergen and Hudson counties saw an increase in median listing prices. But the counties of Passaic, Morris, Essex and Sussex saw a decrease in median listing prices.

• Bergen: 1.87%.
• Passaic: -1.43%.
• Morris: -1.1%.
• Essex: -0.56%.
• Sussex: -3.33%.
• Hudson: 0.25%.

Source: northjersey.com

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