Essex County, NJ Real Estate & Property Data

Essex County Real Estate Market Trends
Last Updated: March 19, 2024

With up-to-date real estate data get detailed insight into Essex County, NJ sourced from the nation’s leading property data provider. The current median home price in Essex County, NJ is $560,000. Essex County real estate data shows that there have been a total of 7,570 residential properties sold over the past 12 months. ATTOM’s Essex County real estate data indicates that the county has 127 properties in foreclosure and 9 REOs (real estate bank owned) properties.

Essex County Real Estate Market Trends
Total Residential Properties 156,416
Total Commercial Properties 11,286
Avg. Home Age (Single Family Home) 82 Years
Avg. Square Feet (Single Family Home) 2,206
Total 2024 Residential Sales (year-to-date) 494
% of Homes Seriously Underwater (Q1 2024) 0.88%
Total 2023 Residential Sales 7,076
% of Equity Rich Homes (Q1 2024) 44.1%
Effective 2023 Property Tax 1.75%
Total Foreclosure Filings (year-to-date) 127
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Essex County, NJ Real Estate Overview

There were 7,570 residential properties sold in the past year in Essex County, NJ. The median home value in Essex County, NJ is $595,500. There are a total of 156,416 residential properties in the Essex.

Median Sales Price i
$560,000
(Jan 2024)
+7.7%
year-over-year
y-o-y
  • January '24 Jan '24 $560,000
  • December '23 Dec '23 $599,900
  • November '23 Nov '23 $580,250
  • October '23 Oct '23 $580,000
  • September '23 Sep '23 $625,000
  • August '23 Aug '23 $622,500
  • July '23 Jul '23 $640,000
  • June '23 Jun '23 $635,000
  • May '23 May '23 $590,000
  • April '23 Apr '23 $560,000
  • March '23 Mar '23 $535,000
  • February '23 Feb '23 $500,000
Median Down Payment i
$86,400
(Jan 2024)
+9.4%
year-over-year
y-o-y
  • January '24 Jan '24 $86,400
  • December '23 Dec '23 $111,000
  • November '23 Nov '23 $100,100
  • October '23 Oct '23 $90,000
  • September '23 Sep '23 $121,300
  • August '23 Aug '23 $117,500
  • July '23 Jul '23 $131,800
  • June '23 Jun '23 $130,785
  • May '23 May '23 $113,250
  • April '23 Apr '23 $80,000
  • March '23 Mar '23 $77,500
  • February '23 Feb '23 $82,000
Number of Homes Sold i
494
(Jan 2024)
-12.6%
year-over-year
y-o-y
  • January '24 Jan '24 494
  • December '23 Dec '23 563
  • November '23 Nov '23 511
  • October '23 Oct '23 621
  • September '23 Sep '23 630
  • August '23 Aug '23 778
  • July '23 Jul '23 617
  • June '23 Jun '23 661
  • May '23 May '23 623
  • April '23 Apr '23 484
  • March '23 Mar '23 596
  • February '23 Feb '23 427
Number of Purchase Loans i
363
(Jan 2024)
-17.9%
year-over-year
y-o-y
  • January '24 Jan '24 363
  • December '23 Dec '23 434
  • November '23 Nov '23 398
  • October '23 Oct '23 459
  • September '23 Sep '23 473
  • August '23 Aug '23 568
  • July '23 Jul '23 468
  • June '23 Jun '23 514
  • May '23 May '23 490
  • April '23 Apr '23 378
  • March '23 Mar '23 471
  • February '23 Feb '23 346
Number of REFI Loans i
302
(Jan 2024)
+14.4%
year-over-year
y-o-y
  • January '24 Jan '24 302
  • December '23 Dec '23 306
  • November '23 Nov '23 318
  • October '23 Oct '23 334
  • September '23 Sep '23 345
  • August '23 Aug '23 413
  • July '23 Jul '23 286
  • June '23 Jun '23 303
  • May '23 May '23 329
  • April '23 Apr '23 244
  • March '23 Mar '23 294
  • February '23 Feb '23 229
Number of HELOC Loans i
126
(Jan 2024)
-15.4%
year-over-year
y-o-y
  • January '24 Jan '24 126
  • December '23 Dec '23 137
  • November '23 Nov '23 152
  • October '23 Oct '23 172
  • September '23 Sep '23 160
  • August '23 Aug '23 201
  • July '23 Jul '23 183
  • June '23 Jun '23 128
  • May '23 May '23 186
  • April '23 Apr '23 178
  • March '23 Mar '23 164
  • February '23 Feb '23 135

Essex County, NJ Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Essex County, NJ Foreclosure Activity

There were a total of 127 Essex County, NJ properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 74 Essex County, NJ properties and repossessed 9 Essex County, NJ properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
127
(Jan 2024)
+16.5%
year-over-year
y-o-y
  • January '24 Jan '24 127
  • December '23 Dec '23 119
  • November '23 Nov '23 149
  • October '23 Oct '23 163
  • September '23 Sep '23 169
  • August '23 Aug '23 115
  • July '23 Jul '23 137
  • June '23 Jun '23 141
  • May '23 May '23 164
  • April '23 Apr '23 113
  • March '23 Mar '23 157
  • February '23 Feb '23 148
Foreclosure Starts i
74
(Jan 2024)
+37%
year-over-year
y-o-y
  • January '24 Jan '24 74
  • December '23 Dec '23 82
  • November '23 Nov '23 93
  • October '23 Oct '23 102
  • September '23 Sep '23 81
  • August '23 Aug '23 73
  • July '23 Jul '23 89
  • June '23 Jun '23 97
  • May '23 May '23 92
  • April '23 Apr '23 85
  • March '23 Mar '23 106
  • February '23 Feb '23 94
Completed Foreclosures (REOs) i
9
(Jan 2024)
year-over-year
y-o-y
  • January '24 Jan '24 9
  • December '23 Dec '23 11
  • November '23 Nov '23 4
  • October '23 Oct '23 6
  • September '23 Sep '23 2
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 8
  • May '23 May '23 7
  • April '23 Apr '23 9
  • March '23 Mar '23 7
  • February '23 Feb '23 10
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