Housing in New Providence, NJ

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$1,192,500

Median List Price

$1,195,000

Price Per Sq Ft

$602

Days on Market

17

Active Inventory

5

Months of Supply

0.5

Seller's market

Zillow Home Value

$947,014

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 43.3%List Price ↑ 45.8%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

70.0%

Off Market in 2 Weeks

16.7%

Sale-to-List Ratio

110.5%

Seller's market

Sold Above Asking
70.0%
Under Contract in 2 Wks
16.7%

Market Activity

Source: Redfin

Homes Sold

10

New Listings

3

Pending Sales

6

Homes Sold ↓ 16.7%New Listings ↓ 62.5%Pending ↓ 45.5%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$602

Median List $/SF

$483

Sale $/SF ↑ 45.4%List $/SF ↑ 16.9%Mar 24 → Jan 26

New Providence vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. New Providence is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$734,300

Median Rent

$1,906

Total Housing Units

5,500

Vacancy Rate

5.4%

Owner Occupied

75.6%

Renter Occupied

24.4%

Median Property Tax

$10,001

per year

Monthly Cost (w/ Mortgage)

$2,911

Housing Types

Single Family
68.8%
Multi-Family
31.2%
Mobile Home
0.0%

The current median sale price in New Providence, NJ is $1,192,500 according to Redfin data. Homes spend a median of 17 days on the market. 70.0% of homes sold above asking price. The market has 0.5 months of supply. The median price per square foot is $602. The median rent is $1,906 per month (Census ACS). About 75.6% of housing units are owner-occupied. The median year homes were built is 1963. There are 5,500 total housing units.