A new analysis from SmartAsset, a financial technology company based out of New York, set out to learn which Garden State counties are seeing the biggest jump in home value.
To come up with its rankings, SmartAsset looked at how numbers moved between the second quarter of 2017 and the second quarter of 2022.
The southern portion of the state accounted for the top 3 in SmartAsset's analysis. Steve Sabato, a spokesperson for SmartAsset, said one contributing factor is the fact that homes in North Jersey are typically more expensive — while they've also seen value growth, it's a very small percentage of the home's overall value.
How much does the average NJ home cost? Median prices by county
Everything is costing more these days — and housing is certainly no exception in New Jersey.
Data for 2022 from January through August, compiled by New Jersey Realtors, shows that South Jersey has been seeing homes hit the market and sell in less than a month, on average.
Median prices for single-family homes have reached $500,000 and above in nine counties in North and Central Jersey.
All but two counties have seen houses go for more than the list price, on average, this year.
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