Skip to main content
Back to home

NJ Market Dashboard

Essex County

Last updated: April 2026

Talk to Mahesh
Data sources:Market statistics from Redfin Data Center · Home value forecasts from Zillow Research · Updated monthly. Last updated: April 2026.

Median Sale Price

$684K

+0.6% YoY

Days on Market

36 days

-36.8% YoY

Active Listings

2,191

+5.8% YoY

Sale vs. Ask Price

107.07%

-0.7% YoY

Median Sale Price Trend

12-month rolling median — Essex County

Days on Market

Green = below average (faster sales)

Inventory Levels

Active vs. new listings — monthly

Price Per Sqft by City

Ranked highest to lowest — Apr 2026

Sale vs. Ask Price

Above 100% = homes sold for more than asking price

Market Health Score

Composite of price momentum, inventory tightness, and demand strength

38/100Buyer's Market
Price Momentum37
Inventory Tightness6
Demand Strength70
Affordability31

Zillow 12-Month Forecast

Projected home value change · Zillow Research

+1.2%

Modest growth expected. The market is stabilizing — a reasonable window for both buyers and sellers.

Price Per Sqft by City

Ranked by price per square foot. County average: $360/sqft. Click column headers to re-sort.

CityPrice / Sqftvs. County Avg
Montclair$552+53.3%
Nutley$434+20.6%
East Orange$248-31.1%
Newark$225-37.5%

What This Means For You

Data-driven takeaways for buyers, sellers, and investors in Essex County right now.

For Buyers

Favorable
  • With a market health score of 38/100, this is a buyer's market — you have negotiating power that wasn't available in 2021–2023.
  • Homes are selling 36.8% faster than last year. Act quickly — well-priced listings won't last.
  • Homes still sell above asking at 107.07% — so expect competition on move-in-ready, well-priced properties. Budget for at least asking price on desirable listings.

For Sellers

Price Carefully
  • Median prices are up 0.6% year-over-year. The market is rewarding sellers who price with the trend, not against it.
  • Homes priced correctly are selling at 107.07% of list price — above asking. This only happens when you price strategically, not aspirationally.
  • In a buyer's market, presentation is non-negotiable. Declutter, stage the main living areas, and address any obvious deferred maintenance before listing.
  • Spring (March–May) typically brings peak buyer traffic in this county. List prepared, not rushed.

For Investors

Monitor
  • With prices up 0.6% year-over-year, Essex County continues to build equity for existing owners. Entry-level and value-add properties offer the best basis.
  • Affordability is a constraint at the premium price point — focus on small multifamily or lower-priced municipalities within the county for better cap rate potential.
  • DOM of 36 days means motivated sellers are out there. Off-market outreach and patient deal sourcing can yield below-market acquisitions.

From the Blog

Explore Nearby Counties

Ready to act on this data?

Get a personalized market analysis for your specific property or search criteria in Essex County.

Call Now
Book a Consultation