All Home Types
New Providence, NJ Housing Market
What is the housing market like in New Providence today?
In October 2024, New Providence home prices were up 4.6% compared to last year, selling for a median price of $800K. On average, homes in New Providence sell after 11 days on the market compared to 19 days last year. There were 12 homes sold in October this year, up from 10 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$800,000
+4.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
New Providence, NJ
$800,000
+4.6%
United States
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New Providence Migration & Relocation Trends
In Aug '24 - Oct '24, 29% of New Providence homebuyers searched to move out of New Providence, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into New Providence from outside metros.
- Gainesville homebuyers searched to move into New Providence more than any other metro followed by San Francisco and Visalia.
Where are people moving to New Providence from?
- 71% of New Providence homebuyers searched to stay within the New Providence metropolitan area.
- Miami was the most popular destination among New Providence homebuyers followed by Boston and Philadelphia.
Where are people from New Providence moving to?
Number of People Moving to New Providence
least
most
People are moving to New Providence from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 35 | ||
| 2 | 26 | ||
| 3 | 8 | ||
| 4 | 6 | ||
| 5 | 5 | ||
| 6 | 4 | ||
| 7 | 3 | ||
| 8 | 2 | ||
| 9 | 2 | ||
| 10 | 1 | ||
People are leaving New Providence for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 4,978 | ||
| 2 | 4,110 | ||
| 3 | 4,014 | ||
| 4 | 2,144 | ||
| 5 | 2,053 | ||
| 6 | 2,042 | ||
| 7 | 1,894 | ||
| 8 | 1,779 | ||
| 9 | 1,373 | ||
| 10 | 1,217 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in New Providence.
Provided by First Street Foundation
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