Despite still dealing with low inventory, NJ saw a spike in active home listings in March
The state had a total of 13,143 active home listings in March, including 9,000 new listings. This was a 14.57% increase from last year and a 10.9% increase from February 2024, according to Realtor.com's monthly market data. New Jersey also had a median listing price of $550,000, which was 0.18% higher than last year and 0.93% higher than February 2025.
When it comes to the number of days active listings stayed on the market, listings in the Garden State typically stayed up for about 33 days. This was 8.33% less time than the same period last year and 25% less time than February 2025, Realtor.com said.
On the national level, March marked the 17th consecutive month of housing inventory growth, with a 28.5% increase, said Realtor.com's Monthly Housing Market Trends Report. And with 10.2% more new listings than last year, this number was at its highest level in three years.
The median price of homes for sale across the nation was $424,900 in March, unchanged from the same time last year, and homes spent about 53 days on the market. Realtor.com, however, found that about 17.5% of active listings saw price reductions in March, the highest share for any March since at least 2016.
Mortgage rates also continued to dip slightly during March. Rates for a 30-year fixed mortgage remained fairly consistent throughout the month, ranging from 6.63% to 6.67%, and rates for a 15-year fixed mortgage ranged from 5.79% to 5.89%, Freddie Mac reported.
Here's a breakdown of how North Jersey's real estate market performed in March 2025, based on data from Realtor.com:
Thirteen of New Jersey's 21 counties had an increase in new listings compared with March 2024, and four counties saw no change. But when compared with February 2025, all of New Jersey's 21 counties had a more than 10% increase in new listings.
With 464 new listings, Morris was the only county in North Jersey that had a slight decrease in new listings (-0.85%) compared with this time last year. Similarly, Bergen County had 756 new listings, which was about the same as what the county had in March 2024. All of the remaining North Jersey counties saw increases.
Passaic: 284 new listings (12.7%).
Essex: 556 new listings (21.93%).
Sussex: 220 new listings (1.85%).
Hudson: 524 new listings (39.36%).
When compared with February, all six North Jersey counties saw increases in new listings as our region's real estate market continues to pick up this spring.
Bergen: 27.7%.
Passaic: 40.59%.
Morris: 54.67%.
Essex: 34.95%.
Sussex: 52.78%.
Hudson: 39.36%.
Fourteen New Jersey counties had active listings stay on the market for a shorter period compared with March 2024. And all 21 New Jersey counties had active listings stay on the market for a shorter period compared with February 2025.
In North Jersey, active listings stayed on the market for fewer days in Bergen, Morris and Hudson counties in March than at the same time last year. Meanwhile, Passaic, Essex and Sussex had active listings stay on the market for more days in March than at the same time last year.
Bergen: 26 days (-10.34%).
Passaic: 24 days (2.17%).
Morris: 22 days (-8.33%).
Essex: 31 days (6.9%).
Sussex: 39 days (24.19%).
Hudson: 37 days (-10.3%).
When compared with the previous month, active listings in all six North Jersey counties stayed on the market for fewer days in March.
Bergen: -20%.
Passaic: -22.95%.
Morris: -27.87%.
Essex: -6.06%.
Sussex: -23%.
Hudson: -10.3%.
Median listing prices have, yet again, continued to rise across most of New Jersey. Seventeen New Jersey counties saw an increase in median listing prices from March 2024, and 17 New Jersey counties saw median listing prices increase from February 2025.
With a median listing price of $635,000 — down 2.31% compared with the same time last year — Hudson County was the only place in North Jersey that saw median listing prices decrease. Bergen County saw no change in its median listing price of $799,000 from last year, while all other North Jersey counties saw an increase.
Passaic: 6.88%.
Morris: 0.13%.
Essex: 9.43%.
Sussex: 0.01%.
Compared with February 2025, Bergen was North Jersey's only county to have a decrease in median listing prices, at 0.11%. And with a median listing price of $399,950, Sussex County saw no change during this time. All other North Jersey counties saw an increase.
Passaic: 2.81%.
Morris: 3.31%.
Essex: 5.47%.
Hudson: 3.67%.
Here's how all 21 New Jersey counties performed in March, according to Realtor.com:
Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@gannett.com.
This article originally appeared on NorthJersey.com: NJ real estate: How market performed in March 2025
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