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Featured local agent — Carteret, NJ
Sarah Mitchell
Compass Real Estate · Carteret, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Carteret, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$560,000median sale price
How is the Carteret, NJ housing market right now?
The median home sale price in Carteret, NJ is $560,000, down 2.5% year-over-year. Homes sell in an average of 72 days with 58 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Carteret a buyer's or seller's market?
Carteret, NJ is currently a balanced market, based on 4.5 months of supply and homes selling in about 72 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
72
Average pace
Active listings
58
4.5 months supply
Sale-to-list
103.0%
Above asking
What does the Carteret housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $560,000 |
| Median list price | $569,000 |
| Year-over-year price change | -2.5% |
| Average days on market | 72 days |
| Active inventory | 58 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 103.0% |
| Median price per sq ft | $382/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 21 |
| Listings with a price cut | 12.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Carteret by property type?
How the Carteret, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $540,000 | $371/sq ft | 12 | 72 days |
Source: Redfin · Updated monthly
The Carteret housing market is currently classified as a balanced market with a median sale price of $560,000. Prices have fallen 2.5% compared to last year, with homes spending an average of 72 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.4x provides context for how home values compare to local earning capacity.
Homes for sale in Carteret
There are currently 58 homes listed for sale in Carteret, New Jersey. The median listing price is $569K.
Active listings
58
Homes on market
Median list price
$569K
Avg. days on market
72
Days until sale
New this week
21
Newly listed
Who lives in Carteret?
Population
25,187
Median income
$87,553/yr
Median age
39.3 years
Owner-occupied
55.2%
College grads
27.7%
Avg commute
32.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Carteret?
Zillow home value
$564,362
Zillow rent index
$2,483/mo
Price-to-rent ratio
18.9x
Price-to-income
6.4x
Source: Zillow Research
What is it like to live in Carteret?
Carteret is a community of approximately 25K residents with a median age of 39.3 years.The median household income is $87,553, which reflects a relatively affluent area with strong earning potential. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.2%, showing a blend of owner and renter-occupied properties. The average commute time is 32.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Carteret offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Carteret?
6 schools tracked · 3,926 students
The largest public schools serving Carteret, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Carteret High School
Grades 9-12 · 1,182 students
Columbus Elementary School
Grades PK-4 · 625 students
Carteret Junior High School
Grades 7-8 · 586 students
Carteret Middle School
Grades 5-6 · 567 students
Private Nicholas Minue Elementary School
Grades PK-4 · 527 students
Nathan Hale Elementary School
Grades PK-4 · 439 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Carteret, NJ?
Want a head-to-head view? Compare Carteret side-by-side with any other U.S. city using our market-comparison tool.
Is Carteret a good real estate investment market?
For investors evaluating Carteret, the price-to-rent ratio of 18.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Carteret's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Carteret's median home price.
Frequently asked questions
What is the average home price in Carteret?
The median home sale price in Carteret is $560,000, down 2.5% from last year.
How long do homes stay on market in Carteret?
Homes typically spend 72 days on market before going under contract.
What is the median income in Carteret?
The median household income is $87,553 per year.
Is Carteret a buyer's or seller's market?
With 4.5 months of supply, Carteret is currently a balanced market.
What is the Zillow home value estimate for Carteret?
The Zillow Home Value Index (ZHVI) for Carteret is $564,362, representing the typical home value in the area.
How much does a single-family home cost in Carteret?
The median single-family home price in Carteret, NJ is $540,000 (about $371 per square foot).
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