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Featured local agent — Rainbow Lakes, NJ
Sarah Mitchell
Compass Real Estate · Rainbow Lakes, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rainbow Lakes, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$795,000median sale price
How is the Rainbow Lakes, NJ housing market right now?
The median home sale price in Rainbow Lakes, NJ is $795,000. Homes sell in an average of 15 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rainbow Lakes a buyer's or seller's market?
Rainbow Lakes, NJ is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
15
Fast-moving
Active listings
1
0.5 months supply
Sale-to-list
104.2%
Above asking
What does the Rainbow Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $795,000 |
| Median list price | $850,000 |
| Average days on market | 15 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 104.2% |
| Median price per sq ft | $449/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Rainbow Lakes by property type?
How the Rainbow Lakes, 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 | $795,000 | $449/sq ft | 2 | 15 days |
Source: Redfin · Updated monthly
The Rainbow Lakes housing market is currently classified as a strong seller's market with a median sale price of $795,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 15 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.
Homes for sale in Rainbow Lakes
There are currently 1 homes listed for sale in Rainbow Lakes, New Jersey. The median listing price is $850K.
Active listings
1
Homes on market
Median list price
$850K
Avg. days on market
15
Days until sale
New this week
1
Newly listed
Who lives in Rainbow Lakes?
Population
1,376
Median income
$109,083/yr
Median age
31.7 years
Owner-occupied
65.0%
College grads
62.8%
Avg commute
23 min
Source: U.S. Census Bureau ACS
What is it like to live in Rainbow Lakes?
Rainbow Lakes is a community of approximately 1K residents with a median age of 31.7 years.The median household income is $109,083, which reflects a relatively affluent area with strong earning potential. 62.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Rainbow Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Rainbow Lakes, NJ?
Want a head-to-head view? Compare Rainbow Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Rainbow Lakes?
The median home sale price in Rainbow Lakes is $795,000, down 0.0% from last year.
How long do homes stay on market in Rainbow Lakes?
Homes typically spend 15 days on market before going under contract.
What is the median income in Rainbow Lakes?
The median household income is $109,083 per year.
Is Rainbow Lakes a buyer's or seller's market?
With 0.5 months of supply, Rainbow Lakes is currently a strong seller's market.
How much does a single-family home cost in Rainbow Lakes?
The median single-family home price in Rainbow Lakes, NJ is $795,000 (about $449 per square foot).
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