New Jersey’s housing market remains one of the most dynamic in the country, where limited inventory, growing demand and shifting buyer preferences are reshaping how and where people choose to live. At Lennar, we’re building communities that meet the moment. Here’s a look at what’s happening across the Garden State—and how Lennar is delivering smart, accessible and future-ready homes for today’s buyers.
The New Jersey Market
Home prices in New Jersey continue to rise as demand outpaces supply. According to recent data, the statewide median sales price increased 6.7% year-over-year to $575,000, while the number of available homes for sale declined 1.7% over the same period.†
When adjusting for home size, price per square foot in the Northeast rose by 4.0% year-over-year, indicating real appreciation in home values beyond headline prices. The median list price in the Northeast also ticked up 1.8%, underscoring the market’s strength in New Jersey and surrounding areas.‡ This tight inventory and upward pressure on prices mean homes that are move-in ready and priced right are in exceptionally high demand.
At Lennar, we are proud to meet New Jersey’s housing challenges with smart, intentional growth. In the past year, we’ve expanded our footprint throughout the state. Homebuyers can find our new Lennar communities in Gloucester Township, where townhomes and single-family homes await at accessible price points in South Jersey. In Bergen County, our new homes are available with luxury-inspired finishes near great schools. For anyone searching for their dream home near Philadelphia and New York City, we offer communities in Whippany and Hopewell that are ideally located for commuters.
From First-Time Buyers to Forever Homes
New Jersey isn’t one-size-fits-all, and neither are our homes. We’re proud to serve a diverse range of buyers, including first-time homeowners seeking affordable townhomes and condos, move-up families looking for more space and active adults interested in our 55+ communities, where lifestyle and community take priority. The proof? At communities like Venue at Monroe, our 55+ neighborhood in Monroe Township, we’re seeing sales momentum that reflects real demand—over 60 homes have already sold this year.
Built For Today and Tomorrow
In a market where many resale homes come with renovation headaches and hidden costs, new construction is more appealing than ever. At Lennar, we go further by delivering:
- Energy-efficient designs to reduce utility bills.
- Flexible floorplans that accommodate home offices, multigenerational living and more.
- Our Everything’s Included® approach—giving buyers modern upgrades, smart-home features and designer-selected finishes at no extra cost.
Plus, with Lennar Mortgage, LLC, Title, and Insurance services available under one name, we make the homebuying journey smoother, especially in today’s higher-interest-rate environment.*
Why Lennar Is New Jersey’s Homebuilding Leader
We don’t just build homes—we build communities. Across New Jersey, we’re helping households put down roots in places where they can thrive. We understand what New Jersey homebuyers want: modern, well-built homes in great locations, delivered with transparency, service and long-term value. That’s what we’re here to offer—and that’s what we’ve been providing for decades. Whether you’re buying your first home or your forever home, Lennar is here to help you move forward.
Ready to find your new home in the Garden State?
Check out our active communities and available homes today HERE!
Disclaimer
* Financing, title and insurance services are available through seller’s affiliate Lennar Mortgage, LLC, Lennar Title and Lennar Insurance Agency, but use of Lennar Mortgage, LLC, Lennar Title and Lennar Insurance Agency is not required to purchase a home (See Affiliated Business Arrangement Disclosure). Lennar Mortgage, LLC – NMLS # 1058. Licensed by the New Jersey Department of Banking and Insurance. 2465 Kuser Road, 3rd Floor, Hamilton NJ 08690, 609-245-2240. Insurance provided and serviced by third-party insurers. Lennar Insurance Agency receives compensation based on the premiums for the insurance policies it sells. All decisions regarding any insurance products, including approval for coverage, premium, commissions and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. Use of Lennar Insurance Agency is not required to purchase a Lennar home. Lennar Insurance Agency is a licensed insurance company. Lennar Insurance Agency LLC’s License #: NJ #3000527244. Lennar Insurance Agency’s services are only available in states where it is licensed, and insurance coverage through Lennar Insurance Agency may not be available in all states. Insurance services are available through seller’s affiliate insurance agency Lennar Insurance Agency, but use of Lennar Insurance Agency is not required to purchase a home.
†Source: This statement is based on currently available information https://www.realtor.com/research/june-2025-data/ ‡Source: https://www.newjerseyrealestatenetwork.com/blog/new-jersey-real-estate-market-update/, current market conditions and should never be relied upon. Market rates are based on market trends and other factors that can cause predictive statements to differ materially. This statement is no guarantee of the present or future market conditions and market values.
Lennar makes no guarantee of present or future market conditions. Forecasts, projections and other predictive statements should never be relied upon. You should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of any real estate transaction. Active Adult Communities: Age restrictions apply to the occupants/owners in this community as permitted under the Fair Housing Act. This means for some communities that a designated percentage of the homes in the community must be occupied by at least one person 55 years or older (80% or 100%, depending on the community). There may also be minimum age requirements for other residents in the home, and/or a certain number of younger residents permitted in the community. These communities publish and adhere to policies and procedures that demonstrate the intent to operate as age 55 or older housing, and comply with HUD’s rules for age verification of residents. In other communities, all residents must be age 62 years or older (with limited exceptions). You are encouraged to review community documents and disclosures for applicable restrictions before purchasing. Please consult with a Lennar New Home Consultant regarding any questions regarding this community’s age policies. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Prices do not include closing costs and other fees to be paid by buyer (including a builder fee, if applicable, as described in the purchase agreement) and are subject to change without notice. Please see a New Home Consultant and/or home purchase agreement for actual features designated as an Everything’s Included feature. Energy efficiency will vary due to many variables, including but not limited to, actual utility rates and fees, actual construction, floor plan, occupancy, appliance usage, thermostat settings, weather conditions, number of individuals occupying the home and orientation of the home. Lennar provides no guarantee of savings or efficiency that will be achieved by each homeowner. Please contact the school district for the most current information about specific schools. Seller does not represent and cannot guarantee that the community will be serviced by any particular public school/school district or, once serviced by a particular school/school district, that the same school/school district will service the project for any particular period of time. Schools that your children are eligible to attend may change over time. This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2025 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage and the Lennar Mortgage logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Seller’s Broker: Debra Glatz, #9700462. Construction License: 38527. Date 07/25
