10 Most Expensive Places to Buy a Home in New Jersey

New Jersey may be one of the nation's smallest states, but it packs an incredible amount of variety into its borders. Residents enjoy world-famous beaches, charming small towns, easy access to New York City and Philadelphia, outstanding schools, and some of the most desirable neighborhoods in America.

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That combination of location, lifestyle, and opportunity comes at a price.

From the exclusive Jersey Shore communities of Cape May County to luxury enclaves in North Jersey, homebuyers are paying millions to secure a piece of New Jersey's most coveted real estate.

Several shore towns made this year's list, proving once again that waterfront living remains one of the biggest draws in the Garden State, according to redfin.com.

Why Are Homes in New Jersey So Expensive?

New Jersey offers something few states can match. Residents can spend the morning at the beach, the afternoon in a major city, and the evening enjoying quiet suburban neighborhoods. The state consistently ranks highly for education, healthcare, dining, entertainment, and overall quality of life.

Limited waterfront property, strong demand, and proximity to major metropolitan areas continue to drive home values higher in many communities.

The 10 Most Expensive Places to Buy a Home in New Jersey

1. Avalon

Median Sale Price: $4,495,000

2. Spring Lake

Median Sale Price: $4,425,000

3. Short Hills

Median Sale Price: $2,500,000

4. Stone Harbor

Median Sale Price: $2,450,000

5. North Beach Haven

Median Sale Price: $2,175,000

6. Cresskill

Median Sale Price: $1,930,250

7. Norwood

Median Sale Price: $1,879,000

8. Glen Ridge

Median Sale Price: $1,825,000

9. Franklin Lakes

Median Sale Price: $1,815,000

10. Beach Haven

Median Sale Price: $1,712,500

Ocean County Makes a Strong Showing

Ocean County residents won't be surprised to see Long Beach Island communities represented among New Jersey's most expensive places to buy a home. The area's beautiful beaches, coastal charm, and limited waterfront real estate continue to make it one of the hottest housing markets in the state.

As demand remains strong and available inventory stays limited, many experts believe New Jersey's premier shore communities will continue to command some of the highest home prices in the region.

What Makes These Towns Worth the Price?

While million-dollar home prices aren't for everyone, these communities offer some of the best that New Jersey has to offer. Whether it's oceanfront living, highly rated schools, luxury amenities, or easy access to major cities, buyers are willing to pay a premium for location and lifestyle.

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For many homeowners, living in one of New Jersey's most desirable communities is about more than just real estate, it's about enjoying everything that makes the Garden State a special place to call home.