The 10 Most Expensive Cities in New Jersey (2025 Data)

Purchasing a home in New Jersey’s most exclusive municipalities requires a significant financial investment, with median sale prices ranging from $1.7 million to nearly $4.5 million. Based on the latest real estate data from early 2025, these ten cities consistently rank as the state's most expensive, offering premium amenities, prestigious addresses, and distinct lifestyles, from serene coastal retreats to affluent suburban enclaves.

What is the Most Expensive City in New Jersey? Avalon holds the title of the most expensive city in New Jersey, with a median sale price of $4,495,000. This Jersey Shore community is renowned for its pristine, wide beaches, extensive marina facilities, and a collection of luxury beachfront properties. The Dune Drive shopping district provides high-end boutiques and galleries, catering to a discerning resident base. The combination of a relaxed atmosphere and upscale living continues to attract buyers seeking a premier coastal lifestyle, whether for a vacation home or a permanent residence.

Which NJ Cities Offer Luxury Suburban Living? For homebuyers seeking proximity to New York City without sacrificing space or tranquility, several Bergen County towns dominate the list. Short Hills, with a median sale price of $2,500,000, is a prime example, known for its top-rated school district and The Mall at Short Hills, a destination for luxury retail. Similarly, Franklin Lakes ($1,815,000) and Cresskill ($1,930,250) offer large, private estates, nature preserves, and a quiet, suburban vibe that appeals to families and commuters. These areas are characterized by their tree-lined streets, high property values, and access to premium amenities.

What Defines the High Cost of Shore Towns? The Jersey Shore is home to several of the state's most expensive markets, where the premium is placed on direct beach access and a resort-like atmosphere. Following Avalon, Spring Lake ($4,425,000) is often called the "Jewel of the Jersey Shore," famous for its two-mile boardwalk and historic Victorian architecture. Stone Harbor ($2,450,000) offers a similar blend of boutique shopping on 96th Street and pristine beaches. On Long Beach Island, both Beach Haven ($1,712,500) and North Beach Haven ($2,175,000) command high prices for their charming Victorian districts, water sports opportunities, and strong seasonal tourism appeal.

Key Considerations for Buying in a High-Cost Market Purchasing a home in these markets involves more than the sale price. Buyers should budget for additional costs like significantly higher property tax bills, which are annual taxes levied by the local government based on the assessed value of the real estate. Title insurance, a one-time policy that protects the homeowner and lender from financial loss due to defects in the property title, is another essential cost. Furthermore, insurance premiums for coastal properties can be substantially higher due to flood risk. Based on our experience assessment, securing pre-approval from a lender is a critical first step to understanding your true budget before exploring these exclusive markets.

The decision to buy in one of New Jersey's most expensive cities is ultimately a balance between lifestyle preferences and financial capacity. These markets offer unparalleled amenities, community character, and, in many cases, strong property value retention. Prospective buyers are advised to work with a local real estate agent who has specific expertise in these high-value areas to navigate the unique dynamics of each market successfully.