Housing Market 2024 Forecast Nj

Housing Market 2024 Forecast Nj. As we step into 2024 and look back at 2023, it's clear that the real estate market is at a turning point. The newark housing market is experiencing a period of exciting growth, fueled by a revitalized downtown and a burgeoning job market.

New jersey has an affordability score of 6.7, meaning it takes 6.7 years of the median household income ($85,245) to afford new jersey’s median home sale price ($574,800). When it comes to u.s.