New Jersey now has 37 towns with a typical home value of more than $1 million thanks to a red-hot real estate market that catapulted prices higher, according to the latest data from Zillow.

Topping the list for highest typical home value for the second consecutive year was the Jersey Shore borough of Deal at $3.3 million. The roughly 1.3-square-mile town in Monmouth County saw a 22% increase in typical home values between December 2021 and December 2022, according to Zillow’s analysis.

Deal was among 13 towns that saw at least 20% increases in the typical home value in a year.

Statewide, the typical home value for New Jersey was $474,669 as of December, according to the data.

Beach and bayside Jersey Shore communities account for 25 of the 37 towns in the $1 million-plus club for home values.

For more information visit: nj.com

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