New Jersey foreclosures and housing market
How foreclosure works in New Jersey, which counties lean to buyers or sellers, and how many homes are for sale right now.
How's the market in New Jersey?
A strong seller's market.
Listings spent about 46 days on the market, and 15% had a price cut in October 2026.
Market figures: Realtor.com® Economic Research, October 2026. Free weekly email. Unsubscribe anytime.
Distressed properties in New Jersey
Pre-foreclosures, auctions, bank-owned and HUD homes from county notices, with the street area instead of the house number.
Representative photoWe are not tracking properties in New Jersey yet
Our property list covers a handful of counties so far. Leave your email for the free weekly brief, and we will note that you want property alerts for New Jersey.
The closest place we track is Florida, with 1 property.
The New Jersey market in October 2026
Our score compares how many listings went under contract with how many were for sale, ranked against every US county. Low scores lean to buyers, high scores to sellers.
New Jersey market score
- Homes for sale
- 21,832
- US: 1,179,101
- Typical days on market
- 46
- US: 66
- Listings with a price cut
- 15%
- US: 21%
- Homes for sale vs pre-pandemic
- −50%
- US: −7%
- October 2026 vs the October average for 2017 to 2019.
Market score by county
Check any countyGray counties had too few listings to score. Tap a county for its full answer.
Most buyer-friendly counties
Lowest scores among counties with 50+ homes for sale.
- 11Bergen County38 days on market · 13% with a price cut · 1,879 for sale
- 63Hudson County44 days on market · 12% with a price cut · 1,501 for sale
- 67Atlantic County65 days on market · 18% with a price cut · 1,255 for sale
- 73Salem County57 days on market · 24% with a price cut · 234 for sale
- 78Cape May County58 days on market · 13% with a price cut · 960 for sale
Most seller-friendly counties
Highest scores among counties with 50+ homes for sale.
- 95Monmouth County45 days on market · 13% with a price cut · 1,689 for sale
- 95Morris County35 days on market · 12% with a price cut · 891 for sale
- 94Gloucester County39 days on market · 17% with a price cut · 656 for sale
- 91Burlington County40 days on market · 21% with a price cut · 1,165 for sale
- 90Mercer County54 days on market · 17% with a price cut · 851 for sale
Source: Realtor.com® Economic Research, October 2026 county data. County days on market are medians. State and US figures weight each county by its homes for sale. Price-cut share is the share of listings with a price reduction.
How foreclosure works in New Jersey
New Jersey foreclosures go through court.
- Main steps and notices
- The lender mails a notice of intent to foreclose 30 to 180 days before filing, giving 30 days to cure.
- The case is filed with the Office of Foreclosure. A borrower typically must ask for mediation within 60 days of getting the complaint.
- The borrower has 35 days to answer the complaint.
- If the default isn't cured, the home is sold within 150 days of the writ of execution.
- Catching up before the sale
- The notice of intent gives 30 days to cure before the case is filed.
- After the sale
- The borrower can redeem up to 10 days after the sale, and up to six months after a deficiency judgment unless they dispute its amount.
- Before any of this starts
- Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind.
- Governing law
- New Jersey Revised Statutes § 2A:50-1 et seq.
Sources
- Justia, Foreclosure laws and procedures: 50-state survey (last reviewed November 2022)
- Nolo, Foreclosure redemption period rights (state chart)
- Consumer Financial Protection Bureau, How to avoid foreclosure
General information, not legal advice.
Laws change and each case differs. Anyone facing foreclosure should talk with a local attorney or a HUD-approved housing counselor.
Go deeper
- Check any county's marketPick a county in New Jersey and see whether it leans to buyers or sellers.
- Read the buying guidesHow to buy pre-foreclosures, auction homes, bank-owned homes, HUD homes and short sales.
- Help if you're behind on your mortgageWhere you are in the process, your options, free counselors and scam warnings.
New Jersey questions
Is foreclosure in New Jersey judicial or non-judicial?
New Jersey foreclosures go through court.
Can a homeowner get the home back after a foreclosure sale in New Jersey?
The borrower can redeem up to 10 days after the sale, and up to six months after a deficiency judgment unless they dispute its amount.
Can a borrower in New Jersey catch up on the loan before the sale?
The notice of intent gives 30 days to cure before the case is filed.
Is New Jersey a buyer's or seller's market right now?
A strong seller's market. New Jersey scores 82 out of 100 on our market scale, where low scores lean to buyers. Listings spent about 46 days on the market, and 15% had a price cut in October 2026. Source: Realtor.com® Economic Research.
How far behind does a borrower have to be before foreclosure starts?
Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind. Source: Consumer Financial Protection Bureau.