The New Providence housing market is most competitive. Homes in New Providence receive 5 offers on average and sell in around 15 days. The median sale price of a home in New Providence was $875K last month, down 8.9% since last year. The median sale price per square foot in New Providence is $487, up 10.9% since last year.
What is the housing market like in New Providence today?
In June 2025, New Providence home prices were down 8.9% compared to last year, selling for a median price of $875K. On average, homes in New Providence sell after 15 days on the market compared to 11 days last year. There were 20 homes sold in June this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$875,000
-8.9% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
New Providence, NJ
$875,000
-8.9%
United States
To compare other locations to the New Providence and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Providence add value to a home.
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How hot is the New Providence housing market?
New Providence is most competitive. Homes sell in 14.5 days.
0
100
93
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 8% above list price and go pending in around 15 days.
Hot homes
can sell for about 15% above list price and go pending in around 9 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
106.7%
-4.3 pt YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
New Providence, NJ
106.7%
-4.3 pt
United States
New Providence Migration & Relocation Trends
In Feb '25 - Apr '25, 31% of New Providence homebuyers searched to move out of New Providence, while 69% looked to stay within the metropolitan area.
Where are people moving to New Providence from?
Across the nation, 3% of homebuyers searched to move into New Providence from outside metros.
Los Angeles homebuyers searched to move into New Providence more than any other metro followed by Vineyard Haven and Spokane.
Where are people from New Providence moving to?
69% of New Providence homebuyers searched to stay within the New Providence metropolitan area.
Miami was the most popular destination among New Providence homebuyers followed by Philadelphia and Boston.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on New Providence housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in New Providence.
Flood Factor - Moderate
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
New Providence has a moderate risk of flooding. 634 properties in New Providence are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in New Providence. Flood risk is increasing slower than the national average.
47% of properties are at risk of wildfire over the next 30 years
Fire Factor
New Providence has a moderate risk of wildfire. There are 1,947 properties in New Providence that have some risk of being affected by wildfire over the next 30 years. This represents 47% of all properties in New Providence.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
New Providence has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. New Providence is most at risk from hurricanes. 4,127 properties in New Providence have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 95 mph.