According to Zillow, the New Jersey median home value climbed to $305,400.
Over the past 12 months, values have gone up 4.8% and they are projected to increase another 1.1% according to reports published on Zillow. 
Zillow Home Value $305,400
4.8% 1-year change
1.1% 1-year forecast
1.1% 1-yr forecast (Jun 30, 2018) $308,000
$300,000 Median listing price
Locally, in Monmouth County, the median home sales prices hit $425,000. This is up from 2015, when the median home sales price was $419,000. Demand for homes has skyrocketed, pushing closed sales from 463 in May 2015 to 660 in May 2017, and concomitantly slashing inventory from 4,214 in 2015 to just 3,114 in May 2017, just a 5.4-month supply.
Fast Stats
■ The median list price per-square-foot in New Jersey is $175.
■ The median price of homes currently listed in New Jersey is $300,000.
■ The median rent price in New Jersey is $2,000.
■ Early-stage mortgage delinquencies fell to 1.7% nationally, the lowest monthly rate since January 2000.
■ New Jersey still leads the nation in the percentage of mortgages in serious delinquency at 4.6%.
■ The percent of New Jersey homeowners underwater on their mortgage is 0.1%.
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