New Jersey’s Expensive ZIP Codes: A Record Six Make the Cut
A Boost in Jersey’s High-End Housing Market
It really is green in the Garden State. New Jersey has recently claimed a record six of its ZIP codes among the priciest in America, according to PropertyShark. This marks the first time the state has achieved this feat.
A Survey of the Most Expensive ZIP Codes
To provide the most accurate insight, PropertyShark examined year-to-date closed residential sales rather than listing prices, which often reflect sellers’ expectations rather than actual market conditions. The real estate data firm’s study of the U.S. real estate market revealed the 100 most expensive ZIP codes in 2024.
New Jersey’s Rise to Prominence
For years, New Jersey has been gradually climbing the ladder in the high-end housing market. In 2024, the state set a new benchmark with six of its ZIP codes making the list. This marks a significant increase from the previous record of five.
The Top ZIP Codes in New Jersey
Alpine, a affluent Bergen County enclave, takes the 24th spot with a median home price of $3.32 million. This is an increase from the 2023 median price of $2.9 million. Stone Harbor and Avalon on the Jersey Shore also made the list, with median prices reaching $2.95 million and $2.75 million, respectively. Mantoloking, another coastal town, landed 59th place with a median price of $2.36 million. Short Hills, a tony suburb, slipped slightly to 93rd place but still had a median price of $1.95 million.
Nationwide Trends
Atherton, California, retains its title as the most expensive ZIP code in the country for the eighth consecutive year, with a median price of $7.9 million. The Hamptons, an exclusive coastal area in New York, claim the second and third spots.
Conclusions and FAQs
This data is based on residential real estate deals closed between January and September 2024, covering condos, co-ops, and single- and two-family homes in ZIP codes with at least five sales.
FAQs
Q: What are the most expensive ZIP codes in the US?
A: PropertyShark’s study revealed the top 100 most expensive ZIP codes in 2024.
Q: How many New Jersey ZIP codes are on the list?
A: A record six, marking the first time the state has achieved this feat.
Q: Which New Jersey towns made the list?
A: Alpine, Stone Harbor, Avalon, Mantoloking, and Short Hills.
Q: What is the median home price in Atherton, California?
A: $7.9 million.
Q: What are the Hamptons?
A: An exclusive coastal area in New York.
