NJ Town's Real Estate Market Ranks Top Among America's Hotspots

As April unfolds, the spotlight shines on two New Jersey towns, heralded as some of the most vibrant real estate markets across the nation.

State of Real Estate in New Jersey

Redfin reports a significant upswing in home prices within New Jersey, with a striking 9.5% surge compared to the previous year. However, there's a notable downturn in the number of homes sold, down by 14.7% year over year.

New Home Listings

Realtor.com highlights a positive trend across the state, with 12 counties witnessing a rise in new home listings compared to March 2023. Moreover, 19 counties in New Jersey experienced an increase in new home listings compared to February.

Top Real Estate Markets

Recent data from the Patch reveals that Montclair and Basking Ridge, both situated in New Jersey, have secured spots in the top five real estate markets nationwide. Montclair claims the fourth position, while Basking Ridge follows closely behind at fifth.

Montclair's Real Estate Standing

Montclair earns its accolade as not only the hottest real estate destination in New Jersey but also as the fourth hottest market in the entire country, according to Realtor.com.

Basking Ridge's Rise

Basking Ridge, located in Somerset County, emerges as a strong contender, clinching the fifth spot in the national real estate market rankings.

Other High-Ranking New Jersey Towns

Mount Laurel secures the eighth position, while Ramsey claims the tenth spot, showcasing New Jersey's prominence with four towns ranking in the top ten nationally.

With Montclair and Basking Ridge leading the charge, and additional New Jersey towns making waves, the real estate landscape in the state stands out as one of the most dynamic and promising in the nation.