Home prices in New Jersey’s hot real estate market are expected to continue rising though the typically busy spring season, according to the latest forecast by Zillow.
The Zillow analysis of 547 ZIP codes in New Jersey with enough available data shows the vast majority of towns with rising home values by May. The forecast includes 48 New Jersey towns with gains of 2% or more.
Ewing and Camden are expected to see the biggest gains in home values at 2.9%. Just 10 towns are expected to see home value decline by May and all but one of those towns – Avon by the Sea – were less than 1% drops.
Nationwide, home values are forecasted to increase by .6% in May.
More N.J. real estate news
A note about the data: Zillow’s calculation of “typical home value” is a trimmed mean, and behaves like a median value would to get a more accurate representation estimate. ZIP codes without enough data were omitted. Zillow uses typical home values as well as other variables to forecast what home values may look like in future months.
Check out how much home values are set to increase in your ZIP code in the table below.
Can’t see the table? Click here.
Thank you for relying on us to provide the journalism you can trust. Please consider supporting NJ.com with a subscription.
Amira Sweilem may be reached at asweilem@njadvancemedia.com.
Read More: N.J. real estate forecast calls home prices to rise through spring. See