Essex County, NJ Real Estate & Property Data

Essex County Real Estate Market Trends
Last Updated: April 18, 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 7,451 residential properties sold over the past 12 months. ATTOM’s Essex County real estate data indicates that the county has 133 properties in foreclosure and 4 REOs (real estate bank owned) properties.

Essex County Real Estate Market Trends
Total Residential Properties 156,418
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) 940
% of Homes Seriously Underwater (Q2 2024) 0.94%
Total 2023 Residential Sales 7,076
% of Equity Rich Homes (Q2 2024) 43.2%
Effective 2023 Property Tax 1.79%
Total Foreclosure Filings (year-to-date) 260
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Essex County, NJ Real Estate Overview

There were 7,451 residential properties sold in the past year in Essex County, NJ. The median home value in Essex County, NJ is $581,100. There are a total of 156,418 residential properties in the Essex.

Median Sales Price i
$560,000
(Feb 2024)
+12%
year-over-year
y-o-y
  • February '24 Feb '24 $560,000
  • 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
Median Down Payment i
$98,500
(Feb 2024)
+20.1%
year-over-year
y-o-y
  • February '24 Feb '24 $98,500
  • January '24 Jan '24 $86,062
  • 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
Number of Homes Sold i
438
(Feb 2024)
+2.6%
year-over-year
y-o-y
  • February '24 Feb '24 438
  • January '24 Jan '24 502
  • 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
Number of Purchase Loans i
342
(Feb 2024)
-1.2%
year-over-year
y-o-y
  • February '24 Feb '24 342
  • January '24 Jan '24 374
  • 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
Number of REFI Loans i
299
(Feb 2024)
+30.6%
year-over-year
y-o-y
  • February '24 Feb '24 299
  • January '24 Jan '24 301
  • 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
Number of HELOC Loans i
134
(Feb 2024)
-0.7%
year-over-year
y-o-y
  • February '24 Feb '24 134
  • January '24 Jan '24 127
  • 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

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 133 Essex County, NJ properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 100 Essex County, NJ properties and repossessed 4 Essex County, NJ properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
133
(Feb 2024)
-10.1%
year-over-year
y-o-y
  • February '24 Feb '24 133
  • 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
Foreclosure Starts i
100
(Feb 2024)
+6.4%
year-over-year
y-o-y
  • February '24 Feb '24 100
  • 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
Completed Foreclosures (REOs) i
4
(Feb 2024)
-60%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • 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
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