New Providence, NJ housing market
The typical New Providence home is worth about $1,012,000, up 8.5% in a year, 74% above the New Jersey typical home. Homes typically sell in 10 days, a little above asking.
Home values, sales, trends and how New Providence compares with the towns next door — updated as new data is published.
New Providence at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | New Providence | New Jersey |
|---|---|---|
| 2017 | $625,000 | $317,000 |
| 2018 | $660,000 | $330,000 |
| 2019 | $643,000 | $343,000 |
| 2020 | $629,000 | $358,000 |
| 2021 | $675,000 | $394,000 |
| 2022 | $725,000 | $441,000 |
| 2023 | $780,000 | $471,000 |
| 2024 | $853,000 | $511,000 |
| 2025 | $923,000 | $551,000 |
| 2026 | $975,000 | $568,000 |
| August 2026 | $1,012,000 | $580,000 |
New Providence and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| New Providence | $1.01M | +8.5% | 10 | $161,599 |
| Chatham | $1.38M | +10.8% | — | $198,913 |
| Berkeley Heights | $964K | +7.6% | — | $204,658 |
| Summit | $1.41M | +13.1% | 14 | $190,304 |
6.3 years of income
The typical New Providence home costs about 6.3 years of the town's median household income, more than across New Jersey (5.6 years).
How New Providence ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in New Providence
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.