Published December 3, 2025

November 2025 New Jersey Real Estate Market Update: Key Trends and Insights for Top NYC Access Towns

Written by John Westfall-Kwong

Graph showing 3-month absorption rates by town in New Jersey real estate market

November 2025 Real Estate Market Update: Key NYC Access Towns in New Jersey

As we move through the final months of 2025, the New Jersey real estate market providing easy access to NYC continues to show dynamic activity across many towns. Whether you’re considering buying, selling, or simply keeping an eye on market trends, here’s a detailed update on November’s data for several key towns in the area.

Absorption Rate Market Snapshot by Town

Town	Active Listings	Under Contract	Sold Homes	Months of Supply (MOS)
Livingston	37	46	79	1.4
Maplewood	12	27	60	0.6
Millburn Twp	27	26	37	2.2
Montclair	19	35	62	0.9
South Orange	21	19	36	1.8
West Orange	59	67	90	2.0
Chatham Boro	4	13	20	0.6
Chatham Twp	13	11	24	1.6
East Hanover	11	23	24	1.4
Florham Park	14	10	33	1.3
Madison	11	16	30	1.1
Morris Twp	17	34	63	0.8
Morristown	9	9	25	1.1
Berkeley Heights	16	14	39	1.2
Mountainside	2	5	15	0.4
New Providence	7	12	25	0.8
Scotch Plains	34	21	47	2.2
Springfield	20	16	42	1.4
Summit	16	26	58	0.8
Westfield	15	31	72	0.6

What This Data Means for Buyers and Sellers

Strong Buyer Demand in Many Towns
Several towns, including Maplewood, Chatham Boro, Mountainside, Summit, and Westfield, are showing very low months of supply (MOS) — ranging from 0.4 to 0.8 months. This indicates an aggressive seller’s market with high buyer demand and limited inventory. If you’re a seller in these areas, now is an excellent time to list your home to capitalize on this momentum.

Balanced Markets with Healthy Inventory
Towns like Livingston, Millburn Township, South Orange, and West Orange have MOS values between 1.4 and 2.2 months. These figures suggest a more balanced market where buyers have a bit more choice, and sellers can still expect competitive offers. For buyers, this means opportunities to find the right home without the pressure of extreme competition. It is important to note that many of these markets are still quite hot in the median price ranges with some higher priced homes slowing the absorption rate. For example, only half of the homes available in Millburn Township are less than $2.7M with much higher buyer demand.

Active Sales and Under Contract Activity
The number of homes under contract and sold in November reflects a vibrant market, when homes are available.

Looking Ahead

As we approach the end of the year, the New Jersey real estate market remains resilient and active. Whether you’re planning to buy or sell, understanding these local market trends is crucial to making informed decisions. With interest rates stabilizing and buyer involvement strong, now is a great time to engage with a knowledgeable real estate advisor who can help you navigate your options.

If you have questions about your specific town or want personalized advice, feel free to reach out. Our LuxeLife team is here to provide expert guidance tailored to your unique needs.

Ready to navigate this fast-moving market with confidence? Please contact Simon Westfall-Kwong and the LuxeLife Group today at simon@luxeliferealestategroup.com or 973-721-9228 for personalized expert real estate guidance tailored to your real estate goals!

With a proven track record in New Jersey’s top markets, Simon and his team are dedicated to delivering exceptional service and results.

Stay tuned for more updates and market insights as we continue to track the evolving real estate landscape in New Jersey!