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Featured local agent — New Providence, NJ
Sarah Mitchell
Compass Real Estate · New Providence, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Providence, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.38Mmedian sale price
How is the New Providence, NJ housing market right now?
The median home sale price in New Providence, NJ is $1.38M, up 75.5% year-over-year. Homes sell in an average of 10 days with 10 active listings. The market is currently a strong seller's 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 New Providence a buyer's or seller's market?
New Providence, NJ is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 10 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
10
Fast-moving
Active listings
10
0.5 months supply
Sale-to-list
109.8%
Above asking
What does the New Providence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.38M |
| Median list price | $1.10M |
| Year-over-year price change | +75.5% |
| Average days on market | 10 days |
| Active inventory | 10 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 109.8% |
| Median price per sq ft | $599/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 12 |
| Listings with a price cut | 20.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Providence by property type?
How the New Providence, 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 | $1.39M | $608/sq ft | 19 | 10 days |
| Townhouse | $920,000 | $439/sq ft | 1 | 63 days |
Source: Redfin · Updated monthly
The New Providence housing market is currently classified as a strong seller's market with a median sale price of $1.38M. Prices have risen 75.5% compared to last year, with homes spending an average of 10 days on market, indicating 0.5 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 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in New Providence
There are currently 10 homes listed for sale in New Providence, New Jersey. The median listing price is $1.1M.
Active listings
10
Homes on market
Median list price
$1.1M
Avg. days on market
10
Days until sale
New this week
12
Newly listed
Who lives in New Providence?
Population
13,577
Median income
$162,877/yr
Median age
44.7 years
Owner-occupied
75.6%
College grads
66.6%
Avg commute
34.2 min
Source: U.S. Census Bureau ACS
What are homes worth in New Providence?
Zillow home value
$1.03M
Zillow rent index
$2,439/mo
Price-to-rent ratio
35.2x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in New Providence?
New Providence is a community of approximately 14K residents with a median age of 44.7 years.The median household income is $162,877, which reflects a relatively affluent area with strong earning potential. 66.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Providence offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Providence?
5 schools tracked · 2,400 students
The largest public schools serving New Providence, 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.
Allen W. Roberts School
Grades PK-6 · 674 students
New Providence High School
Grades 9-12 · 635 students
Salt Brook School
Grades K-6 · 592 students
New Providence Middle School
Grades 7-8 · 417 students
Developmental Learning Center New Providence
Grades PK-9 · 82 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 New Providence, NJ?
Want a head-to-head view? Compare New Providence side-by-side with any other U.S. city using our market-comparison tool.
Is New Providence a good real estate investment market?
For investors evaluating New Providence, the price-to-rent ratio of 35.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 75.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Providence's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Providence's median home price.
Frequently asked questions
What is the average home price in New Providence?
The median home sale price in New Providence is $1.38M, up 75.5% from last year.
How long do homes stay on market in New Providence?
Homes typically spend 10 days on market before going under contract.
What is the median income in New Providence?
The median household income is $162,877 per year.
Is New Providence a buyer's or seller's market?
With 0.5 months of supply, New Providence is currently a strong seller's market.
What is the Zillow home value estimate for New Providence?
The Zillow Home Value Index (ZHVI) for New Providence is $1.03M, representing the typical home value in the area.
How much does a single-family home cost in New Providence?
The median single-family home price in New Providence, NJ is $1.39M (about $608 per square foot).
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