New Providence, NJ—07974
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,012,000
5.9% YoY Growth
Household Income
$169,000
15.2% YoY Growth
Days on Market
33
5.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$4,200
6.5% YoY Growth
1-Bed Rent
$2,040
17.2% YoY Growth
2-Bed Rent
$3,700
25.9% YoY Growth
3-Bed Rent
$4,800
10.7% YoY Growth
Home Price Trends — New Providence, NJ
As of May '26, the median home price in New Providence, NJ is $1,012,000, with a year-over-year change of 5.9%. This indicates that home prices in New Providence, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,012,000 | 5.9% |
| Single Family | $1,025,000 | 5.7% |
| Condos | $664,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |