43Alpha

Essex County, NJ Housing Market Brief

county · NJ · as of May 2026

Balanced

What is Essex County, NJ’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-0.580
Inventory Health25%
-6.743
Affordability20%
2
Economic Strength20%
+0.556
Rental Yield15%
26

Where is Essex County, NJ in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Essex County, NJ is classified as Matureholding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.

Essex County, NJ housing market data

MetricValueYoY
Median Sale Price$725K▲ +3.9%
Median Days on Market30 days-37.5%
Months of Supply3.1▲ +3.3%
Homes for Sale1,425-6.2%
Homes Sold466-9.2%
Median Price / Sq Ft$405▲ +7.4%
Sale-to-List Ratio108.8%-0.5%

How has Essex County, NJ’s Alpha Score moved?

Now: 43
3-period trend
Median sale price · 12 mo

Markets like Essex County, NJ

Frequently asked questions

Is Essex County, NJ a buyer's or seller's market?

As of May 2026, Essex County, NJ is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Essex County, NJ?

The median sale price in Essex County, NJ is $725K, having risen 3.9% over the past year.

How affordable is Essex County, NJ?

Essex County, NJ scores 2 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Essex County, NJ's Alpha Score?

Essex County, NJ's strongest dimension is Price Momentum (80/100) and its weakest is Affordability (2/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Essex County, NJ? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.