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Featured local agent — Newfoundland, NJ
Sarah Mitchell
Compass Real Estate · Newfoundland, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Newfoundland, NJ Housing Market
The last median sale price Redfin published was $549,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 136 days, Newfoundland is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $549,000 home is about $2,931/mo in principal and interest.
Key numbers for Newfoundland, NJ
Median sale price
$549,000
Last published period
Redfin, through March 2026
Days on market
136
Slow-moving
Redfin, through March 2026
Active listings
1
1.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$127,674
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through March 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Newfoundland a buyer's or seller's market?
Newfoundland, NJ is a seller's market, based on 1.0 months of supply and homes selling in about 136 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Newfoundland housing market data show?
Every row below is Redfin's final published month for Newfoundland, NJ. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $549,000 |
| Median price per sq ft | $406/sq ft |
| Median days on market | 136 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Newfoundland is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Newfoundland is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Newfoundland home prices moved?
Across the 35 months we hold for Newfoundland, NJ, the median sale price rose 14.4%, from $480,000 in April 2021 to $549,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Newfoundland?
Priced off the median sale price of $549,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $109,800 | $439,200 | $2,931/mo |
| 5% | $27,450 | $521,550 | $3,480/mo |
Redfin, through March 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,931, that implies roughly $125,608 a year before you add taxes and insurance. The median household in Newfoundland earns $127,674, about $2,066 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Newfoundland in the next 12 months?
Tell us your timeline. We send the Newfoundland market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Newfoundland?
Zillow does not publish a rent index (ZORI) for Newfoundland, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Newfoundland?
Active listings in Newfoundland, NJ went from 2 in August 2023 to 1 in March 2026, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| September 2023 | 4 | 2 |
| October 2023 | 4 | 5 |
| December 2023 | 5 | not published |
| July 2024 | 4 | 4 |
| August 2024 | 5 | 2 |
| January 2025 | 4 | 3 |
| February 2025 | 4 | 1 |
| May 2025 | 4 | 1 |
| July 2025 | 3 | not published |
| December 2025 | 2 | 1 |
| January 2026 | 2 | not published |
| March 2026 | 1 | not published |
Redfin, through March 2026
How does Newfoundland compare to New Jersey and the U.S.?
Newfoundland homes sell for $549,000 — 5% below the New Jersey median of $579,900. Against the national median of $410,700, Newfoundland runs 34% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Newfoundland, NJ | $549,000 | not published | 136 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Newfoundland
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $550 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $549,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Newfoundland listing goes under contract in 136 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Newfoundland varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Newfoundland
There are currently 1 homes listed for sale in Newfoundland, New Jersey.
Active listings
1
Homes on market
Avg. days on market
136
Days until sale
How much do homes cost in Newfoundland by property type?
How the Newfoundland, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $549,000 | $406/sq ft | 1 | 136 days |
Who lives in Newfoundland?
American Community Survey estimates for Newfoundland. U.S. Census ACS, 2023
Population
1,281
Households
591
Median income
$127,674/yr
Median age
49.8 years
Owner-occupied
81.4%
Median home value
$439,600
Median gross rent
$1,217/mo
Mean commute
26.5 min
81.4% of occupied homes in Newfoundland are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Newfoundland, NJ?
Ordered by distance from Newfoundland, not by size. Compare Newfoundland side by side with any of them.
Newfoundland housing market FAQ
Is Newfoundland a buyer's or seller's market?
Newfoundland, NJ is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 136 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Newfoundland?
The median sale price in the last month Redfin published was $549,000, about $406 per square foot.
Is Newfoundland cheaper than the rest of New Jersey?
Newfoundland's median sale price of $549,000 is 5% lower than the New Jersey statewide median of $579,900, and 34% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Newfoundland?
Homes in Newfoundland, NJ spent a median of 136 days on market before going under contract, versus 35 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Newfoundland?
At the current 30-year fixed rate of 7.03%, 20% down on a $549,000 home is about $2,931 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $125,608 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $127,674.
Are home prices rising in Newfoundland?
We do not hold a complete 12-month value series for Newfoundland, NJ yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Newfoundland?
Newfoundland ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Newfoundland?
That depends on your timeline, not on a headline. What the data says today: Newfoundland, NJ is a seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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