Montclair, with 2 zip codes, is listed twice in the top 15.
NEW JERSEY — More than a dozen New Jersey communities are among the hottest real estate markets for home-buying right now, according to data from Realtor.com.
Data for the "Hottest ZIP Codes" shows where buyer demand is concentrated around the U.S.
Realtor.com uses data on market demand and on how quickly homes are sold to determine which ZIP codes have the hottest real estate market, and releases new data monthly.
In the recently-released data for May, there were 15 New Jersey towns among the top 150 hottest markets. The company also puts out a yearly report; you can check out the 2023 one here.
"The hottest areas are those that have high demand from buyers," the realty site explained. "In other words, lots of unique viewers per each property listed for sale, and fast-selling homes, an indicator of limited supply. "
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Here are the communities which made the top 150 of the Hottest ZIP Codes list in May, and median listing prices for those ZIP codes according to Realtor.com:
Mount Laurel (08054)
Median listing price: $379,975
May 2024 rank: 35
April 2024 rank: 78
Hazlet (07730)
Median listing price: $551,225
May 2024 rank: 51
April 2024 rank: Outside of top 150
Basking Ridge (07920)
Median listing price: $940,000
May 2024 rank: 75
April 2024 rank: Outside of top 150
Randolph (07869)
Median listing price: $772,225
May 2024 rank: 77
April 2024 rank: 123
Montclair (07043)
Median listing price: $1,112,125
May 2024 rank: 82
April 2024 rank: 19
Towaco (07082)
Median listing price: $790,000
May 2024 rank: 83
April 2024 rank: Outside of top 150
Marlton (08053)
Median listing price: $447,150
May 2024 rank: 89
April 2024 rank: Outside of top 150
Ridgewood (07450)
Median listing price: $1,183,462.50
May 2024 rank: 91
April 2024 rank: 16
Cranford (07016)
Median listing price: $688,250
May 2024 rank: 102
April 2024 rank: 81
Morristown (07960)
Median listing price: $902,450
May 2024 rank: 107
April 2024 rank: 99
Middletown (07748)
Median listing price: $789,000
May 2024 rank: 111
April 2024 rank: Outside of top 150
Sewell (08080)
Median listing price: $420,000
May 2024 rank: 122
April 2024 rank: Outside of top 150
Pompton Lakes (07442)
Median listing price: $472,225
May 2024 rank: 129
April 2024 rank: Outside of top 150
Montclair (07042)
Median listing price: $1,262,500
May 2024 rank: 136
April 2024 rank: 86
Cherry Hill (08034)
Median listing price: $448,700
May 2024 rank: 140
April 2024 rank: 135