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Featured local agent — Port Murray, NJ
Sarah Mitchell
Compass Real Estate · Port Murray, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Port Murray, NJ Housing Market
The typical home in Port Murray, NJ is worth $479,591, rose 0.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $557,500 (through May 2026). With 2.0 months of supply and homes going under contract in about 24 days, Port Murray is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $479,591 home is about $2,560/mo in principal and interest.
Key numbers for Port Murray, NJ
Typical home value
$479,591
+0.5% in 12 months
Zillow, August 2026
Median sale price
$557,500
Last published period
Redfin, through January 2026
Days on market
24
Average pace
Redfin, through January 2026
Active listings
2
2.0 months of supply
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
101.4%
Selling above asking
Redfin, through January 2026
Zillow figures are as of August 2026 and 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 Port Murray a buyer's or seller's market?
Port Murray, NJ is a seller's market, based on 2.0 months of supply and homes selling in about 24 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Port Murray housing market data show?
Every row below is Redfin's final published month for Port Murray, NJ. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $557,500 |
| Median list price | $549,000 |
| Median price per sq ft | $270/sq ft |
| Median days on market | 24 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 101.4% |
| Homes sold (that month) | 1 |
| New listings (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 Port Murray is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Port Murray 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 Port Murray home prices moved?
Across the 24 months we hold for Port Murray, NJ, the median sale price rose 82.8%, from $304,900 in April 2021 to $557,500. The live Zillow value series has rose 0.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 101.4%. Watch those two together — they move before the median does.
Redfin, through January 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Port Murray?
Priced off the typical home value of $479,591 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% | $95,918 | $383,673 | $2,560/mo |
| 5% | $23,980 | $455,611 | $3,040/mo |
Zillow, August 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 $2,560, that implies roughly $109,728 a year before you add taxes and insurance. We do not hold a Census income figure for Port Murray, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Port Murray in the next 12 months?
Tell us your timeline. We send the Port Murray 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 Port Murray?
Zillow does not publish a rent index (ZORI) for Port Murray, 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 Port Murray?
Active listings in Port Murray, NJ went from 1 in May 2022 to 2 in January 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2022 | 1 | 1 |
| October 2022 | 1 | 2 |
| December 2022 | 2 | not published |
| February 2023 | 1 | not published |
| April 2023 | 2 | 3 |
| July 2023 | 2 | not published |
| September 2023 | 1 | 1 |
| October 2023 | 2 | 1 |
| December 2023 | 2 | not published |
| September 2025 | 1 | not published |
| November 2025 | 1 | not published |
| January 2026 | 2 | 1 |
Redfin, through January 2026
How does Port Murray compare to New Jersey and the U.S.?
Port Murray homes sell for $557,500 — 4% below the New Jersey median of $579,900. Against the national median of $410,700, Port Murray runs 36% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Port Murray, NJ | $557,500 | not published | 24 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Port Murray
What buyers should watch
- Months of supply, currently 2.0. 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 $480 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 $479,591 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 Port Murray listing goes under contract in 24 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 101.4% of asking. Price at the number you want and let competition do the rest.
- In the last published month Port Murray added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +0.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Port Murray varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Port Murray
There are currently 2 homes listed for sale in Port Murray, New Jersey. The median listing price is $549K.
Active listings
2
Homes on market
Median list price
$549K
Avg. days on market
24
Days until sale
New this week
1
Newly listed
Who lives in Port Murray?
American Community Survey estimates for Port Murray. U.S. Census ACS, 2023
Population
97
Households
58
Median age
68.4 years
Owner-occupied
100.0%
100.0% of occupied homes in Port Murray 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 public schools serve Port Murray?
2 schools tracked · 580 students
The largest public schools serving Port Murray, 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.
Mansfield Township Elementary
Grades PK-6 · 580 students
WARREN REGIONAL SCHOOL
Grades 9-12
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 Port Murray, NJ?
Ordered by distance from Port Murray, not by size. Compare Port Murray side by side with any of them.
Port Murray housing market FAQ
Is Port Murray a buyer's or seller's market?
Port Murray, NJ is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 24 days, and sellers getting 101.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Port Murray?
The typical home in Port Murray, NJ is worth $479,591 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $557,500, about $270 per square foot.
Is Port Murray cheaper than the rest of New Jersey?
Port Murray's median sale price of $557,500 is 4% lower than the New Jersey statewide median of $579,900, and 36% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Port Murray?
Homes in Port Murray, NJ spent a median of 24 days on market before going under contract, versus 35 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Port Murray?
At the current 30-year fixed rate of 7.03%, 20% down on a $479,591 home is about $2,560 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $109,728 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Port Murray?
The typical home value in Port Murray, NJ rose 0.5% over the last 12 months, from $477,078 to $479,591 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Port Murray?
Port Murray 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 Port Murray?
That depends on your timeline, not on a headline. What the data says today: Port Murray, NJ is a seller's market with 2.0 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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