New Jersey real estate: Avalon and Spring Lake lead in home prices

According to Redfin data, several New Jersey communities are seeing multi-million-dollar median sale prices due to high demand, limited inventory, and proximity to major cities like New York and Philadelphia.

Avalon currently holds the highest median sale price at $4,495,000, followed closely by Spring Lake at $4,425,000. Other high-value areas include Short Hills, with a median price of $2,500,000, and Stone Harbor, which sits at $2,450,000.