Fall in New Jersey: What’s Moving in the Market and Community Life Right Now

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As we move into early September, life in New Jersey is shifting: summer’s energy lingers, the school year is underway, and the real estate landscape is settling into its fall rhythm. For families, renters, investors, and homeowners alike, there are key trends and local events you’ll want to know about—because what’s happening now could impact your decisions over the next few months.

What’s New in the NJ Housing Market

More Homes on the Market, Modest Gains in Inventory

In July 2025, there were 33,192 homes for sale across New Jersey, an increase of about 11.7% year-over-year (Redfin).
Newly listed homes rose by approximately 2.1% year-over-year, suggesting more options for buyers entering the market (Redfin).
Despite higher supply, competition remains: over half of homes still sell above list price, though this has eased somewhat compared to last year (Redfin).

Price Pressures & Coastal Demand

Homes along the Jersey Shore continue to see strong demand. According to an NJ Realtors report, median prices there rose ~6.7% year-over-year (Colibri Real Estate School).
In more urban areas—like Hudson County and Newark—there’s noticeable interest in waterfront and walkable neighborhoods, especially among buyers seeking a blend of convenience, views, and lifestyle (Colibri Real Estate School).

Affordability & Mortgage Rates

Mortgage rates recently dropped to an 11-month low nationally, helping buyers stretch their budgets (Wall Street Journal).
Still, affordability remains a challenge for many—rising property taxes, homeowners’ insurance, and high prices continue to put pressure on households. New Jersey is no exception (Wall Street Journal; Redfin).

Community, Policy & Lifestyle Trends You’ll Feel

Veterans Affairs Gets Its Own Spotlight

Governor Phil Murphy recently signed legislation establishing a state Department of Veterans Affairs, separate from military operations. This new department will focus on veteran-specific needs like housing, healthcare, and benefits (NJ.gov).
For communities with strong veteran presences—like those around Joint Base McGuire–Dix–Lakehurst—this could mean more targeted resources and potential shifts in local housing demand.

Property Tax Relief via ANCHOR Payments

New Jersey is rolling out the ANCHOR property tax relief payments starting September 2025 (NJ Spotlight News). This could help homeowners manage their annual costs, influencing both affordability and long-term housing decisions.

Events & Culture That Reinforce Community

The See Hear Now Festival in Asbury Park is back this month, combining music, art, and surf to bring both visitors and local energy to the Jersey Shore (PBS).
Across the state, performances, fairs, and arts events are winding down summer and ramping up fall. These events strengthen neighborhood identity, influence lifestyle preferences, and can even affect which communities buyers find attractive (New Jersey Stage).

What This Means for You

If you’re buying
More inventory means more choice. Coastal and urban areas still carry a premium, so compare what’s available in nearby suburban or lower-priced towns as well. Lower mortgage rates may make some previously out-of-reach homes possible.

If you’re selling
Homes still tend to sell faster in desirable locations—shore towns, walkable neighborhoods, and areas with good transit or amenities. Be ready to show buyers the full picture of ownership, including taxes and insurance costs.

If you’re thinking long term
New policies like the Veterans Affairs department and the ANCHOR program may shift demand across certain towns. Amenities, community culture, and convenience are becoming just as important as the home itself.

If you’re investing
Coastal properties and rentals remain strong, especially in vacation-driven areas. Keep an eye on property tax and insurance costs, as they directly affect your cash flow.

Looking at Burlington County & Surrounding Regions

While much of New Jersey reflects these trends, Burlington County shows them clearly:

- Inventory is easing somewhat, giving buyers more options compared to last year.

- Walkable towns and neighborhoods with strong cultural or recreational amenities are still in high demand.

- The ANCHOR program will likely ease the tax burden for homeowners, encouraging some to stay while motivating others who may now feel ready to sell.

Final Thoughts

New Jersey in September 2025 is in that “in-between” stage: inventory is growing, buyers are watching rates closely, and sellers are balancing ambition with market realities. Lifestyle, community, and policy aren’t just background factors—they’re central to how people choose where to live.

If you’re considering buying, selling, or investing, this is a great moment to stay informed and weigh your options. 

— Kimberly White