Cities with the fastest rising real estate prices in New Jersey |

The housing boom sparked by the coronavirus pandemic continues, albeit at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The average home value in the United States was $360,974 in June, up 3.2% from a year earlier.

Rising mortgage rates have slowed growth, and in some areas prices have even fallen. However, in some areas prices are still up compared to last year.

Stacker compiled a list of cities with the fastest-rising home prices in New Jersey using data from Zillow. Cities are sorted by the dollar change in the Zillow Home Values ​​Index for all homes from the 12 months ending June 2024. The charts in this story were automatically generated using Matplotlib. Data was available for 50 cities and towns in New Jersey.

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