Top 10 Most Expensive Cities in New Jersey to Buy a Home in 2025

The most expensive cities in NJ offer luxurious homes, scenic neighborhoods, and proximity to some of the best attractions the state has to offer. Whether you’re looking at homes for sale in Spring Lake or Avalon, these upscale areas attract those seeking elegance and charm. For some, these price tags may be a little steep, and it could be worth exploring nearby towns for more budget-friendly options. But for those who can afford it, these cities deliver unmatched beauty, culture, and convenience.

Quick facts about New Jersey

10. Beach Haven, NJ

Median Sale Price: $1,712,500
Homes for sale in Beach Haven

Beach Haven, located on Long Beach Island, is a summer paradise known for its stunning beaches and Victorian charm. The historic district boasts colorful homes, boutiques, and restaurants, while the Fantasy Island Amusement Park draws crowds during peak seasons. The Surflight Theatre offers live performances and concerts, adding cultural appeal. Water sports enthusiasts enjoy boating, fishing, and kayaking along the island’s calm waters. With its resort-like atmosphere and coastal living, Beach Haven is ideal for those who love seaside life.

9. Franklin Lakes, NJ

Median Sale Price: $1,815,000
Homes for sale in Franklin Lakes

Nestled in Bergen County, Franklin Lakes offers large estates, tree-lined streets, and scenic nature reserves. The Franklin Lakes Nature Preserve is a local gem, featuring hiking trails and fishing spots for outdoor lovers. Upscale shopping and dining options in the town center cater to luxury lifestyles. Proximity to New York City makes it convenient for commuters while maintaining a peaceful suburban vibe. Its serene environment and ample amenities attract those seeking a retreat from city life.

8. Glen Ridge, NJ

Median Sale Price: $1,825,000
Homes for sale in Glen Ridge

Known for its gas-lit streetlights and historic homes, Glen Ridge blends classic charm with modern living. The town’s architecture features a mix of Colonial and Victorian homes that line quiet, walkable streets. Parks like Hurrell Field and Carteret Park offer plenty of outdoor activities. The nearby Montclair Art Museum adds cultural value, showcasing regional and national artists. Glen Ridge appeals to those who appreciate history, small-town charm, and convenience.

7. Norwood, NJ

Median Sale Price: $1,879,000
Homes for sale in Norwood

Situated in northern Bergen County, Norwood is known for its upscale homes, lush parks, and recreational facilities. The Norwood Public Park offers playgrounds, sports fields, and picnic areas. Nature lovers enjoy peaceful walks along nearby reservoirs and wooded trails. Boutique shops and cafes contribute to its cozy yet refined atmosphere. Its charm and proximity to major highways make Norwood a sought-after location for those seeking luxury and convenience.

6. Cresskill, NJ

Median Sale Price: $1,930,250
Homes for sale in Cresskill

Cresskill’s tree-lined streets, luxury estates, and quiet neighborhoods create a tranquil setting for upscale living. The town features several parks, including Merritt Field, known for its green spaces and sports facilities. Residents enjoy nearby golf courses and country clubs, which enhance the area’s sophisticated lifestyle. Cresskill’s proximity to major metropolitan areas while retaining its quiet charm makes it attractive to homebuyers seeking a balance between leisure and accessibility.

5. North Beach Haven, NJ

Median Sale Price: $2,175,000
Homes for sale in North Beach Haven

Located on Long Beach Island, North Beach Haven offers pristine beaches and a laid-back coastal vibe. The area is known for its luxury beachfront properties and charming cottages. Visitors and residents enjoy the convenience of local seafood restaurants, ice cream shops, and surf spots. Boating and fishing are popular pastimes, with easy access to the ocean and bay.

4. Stone Harbor, NJ

Median Sale Price: $2,450,000
Homes for sale in Stone Harbor

Stone Harbor is famous for its upscale beachfront homes, boutique shopping, and gourmet dining along 96th Street. Its white sandy beaches attract residents and tourists looking for relaxation and water sports. The Wetlands Institute provides educational experiences about local wildlife and conservation. Stone Harbor’s calm, scenic environment is perfect for those seeking luxurious coastal living. With exclusive amenities and stunning ocean views, it’s no wonder home prices are among the highest in the state.

3. Short Hills, NJ

Median Sale Price: $2,500,000
Homes for sale in Short Hills

Short Hills is known for its luxury homes, high-end shopping, and proximity to New York City. The Mall at Short Hills is a premier shopping destination with designer brands and upscale dining. The Cora Hartshorn Arboretum offers walking trails and nature programs for outdoor enthusiasts. Short Hills’ sophisticated lifestyle, excellent transit options, and quiet residential neighborhoods make it a magnet for homebuyers who are willing to spend a little more.

2. Spring Lake, NJ

Median Sale Price: $4,425,000
Homes for sale in Spring Lake

Spring Lake is often referred to as the “Jewel of the Jersey Shore,” with its Victorian homes and two-mile-long boardwalk. The pristine beach, Spring Lake Theater, and scenic lake offer year-round activities. The town’s historic charm is complemented by upscale boutiques and fine dining along Third Avenue. Spring Lake’s quiet, elegant vibe and seaside beauty make it a popular retreat for luxury homebuyers.

1. Avalon, NJ

Median Sale Price: $4,495,000
Homes for sale in Avalon

Avalon tops the list as the most expensive city in New Jersey, with stunning beachfront properties and an upscale atmosphere. Known for its pristine beaches, luxury homes, and marina access, Avalon attracts boating enthusiasts and beachgoers alike. The Dune Drive shopping district offers high-end boutiques, restaurants, and galleries. Avalon’s relaxed yet refined coastal charm continues to draw affluent homebuyers seeking vacation homes or permanent seaside residences. Its scenic views and premium real estate make it a premier destination.

What are the richest cities in New Jersey?

Based on median household income, the richest cities in New Jersey are:

Where are the cheapest places to live in New Jersey?

Not every city in New Jersey comes with a high price tag. If you’re looking for affordable home prices and lower living costs, these cities offer budget-friendly options:

Methodology: Rankings based on median home sale price data sourced from Redfin.com during January 2025. Median household income sourced from U.S. Census Data.