New Jersey sets a new record with 6 ZIP codes ranked among the most expensive in the US
By Mary K. Jacob,
13 hours ago
It really is green in the Garden State.
Now, in New Jersey, a record six of its ZIP codes are ranked among the priciest in America, according to PropertyShark.
The real estate data firm conducted a study of the U.S. real estate market to determine the 100 most expensive zip codes in 2024. To provide the most accurate insight, they examined year-to-date closed residential sales rather than listing prices, which often reflect sellers’ expectations rather than actual market conditions.
For years, the Garden State has slowly been climbing the ladder in the high-end housing market — but 2024 set a new benchmark. This marks the first time New Jersey has ever had this many ZIP codes on the list.
A record six New Jersey ZIP codes have made it onto PropertyShark’s list of the most expensive real estate in the US, up from the previous record of five. Lee – stock.adobe.com Alpine is no stranger to high-priced homes, such as this mansion that sold for $16.7 million over the summer, as The Post reported. Warren Young Photography and Media, LLC.
Between 2016 and 2019, just two New Jersey locales would typically crack the list of the country’s most expensive ZIP codes. In 2020, that number dropped to one, and it barely squeaked in at No. 100.
But things have rapidly escalated.
Leading the charge these days is Alpine, an affluent Bergen County enclave where privacy is king for A-list residents like Eddie Murphy and Tracy Morgan. Ranked 24th in the nation, Alpine’s median home price jumped to $3.32 million this year, up from $2.9 million in 2023.
Stone Harbor, New Jersey. LightRocket via Getty Images
Waterfront homes in Avalon, New Jersey. jonbilous – stock.adobe.com
The price hike is partly due to a jaw-dropping $16.7 million sale in July—the highest New Jersey home sale of 2024.
Meanwhile, Monmouth County’s Deal on the Jersey Shore made a massive leap, skyrocketing from 70th place last year to 32nd in 2024, thanks to a surge in the median sales price from $2.1 million to $2.95 million.
Avalon, another popular spot on the Jersey Shore, climbed to 41st place, with the median price hitting $2.75 million, up from $2.29 million in 2023.
Mantoloking, another coastal town, landed at 59th with homes going for an average of $2.36 million.
Short Hills, a tony suburb known for its sprawling estates and luxe shops, slipped slightly to 93rd place. David McGlynn
Stone Harbor, also down the Shore, came in at 70th, with its prices reaching $2.2 million — while Short Hills, a tony suburb known for its sprawling estates, slipped slightly to 93rd place, but still posted a median price of $1.95 million.
On the national front, Atherton, California, continues its reign as the most expensive ZIP code for the eighth straight year, with an eye-watering median price of $7.9 million.
Homes along the Atlantic Ocean in Sagaponack, NY. Dennis A. Clark A home in Atherton, California. Bloomberg via Getty Images
Meanwhile, two posh Hamptons enclaves — Sagaponack and Water Mill — took the second and third spots.
The data is based on residential real estate deals closed between January and September 2024, covering condos, co-ops, and single- and two-family homes in ZIP codes with at least five sales.
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Brendan Burn
10h ago
People in Avalon and Stone Harbor are among the coolest. People in Margate among the annoying.
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