Cedar Grove Housing Update: Values Edge Up, Inventory Tight; 84-Unit Project Near Border Advances
Cedar Grove, NJ – March 16, 2026 – Home values tick higher, inventory remains limited, and a nearby 84-unit townhouse project adds pressure to supply.
Top takeaways
- Typical home value at $731,530, up 1.9% year over year.
- Only 19 homes listed at the end of February, with 7 new listings.
- Market described as a seller’s market entering 2026.
- 84 townhomes approved just over the Verona border, including affordable units.
Market snapshot
The typical home value in Cedar Grove stands at $731,530, a 1.9% increase over the past year, according to data updated January 31, 2026. Inventory remains limited, with 19 homes for sale and 7 new listings reported at the end of February. The median list price was $849,317 at month’s end.
Realtor.com recently characterized the township as a seller’s market, indicating demand continues to outpace available supply. Tight inventory and steady pricing gains suggest competition remains firm for well-priced homes.
Development watch
Just across the border in Verona, local officials approved an 84-unit townhouse development on Grove Avenue in January. Of those homes, 67 will be market-rate and 17 will carry a 30-year affordable housing designation. While outside township limits, the project adds for-sale inventory nearby and reflects broader regional efforts to meet affordable housing obligations under state law.
Locally, Cedar Grove continues to manage zoning and permit activity through its Building Department, where zoning approval is required for changes in use or occupancy.
What’s for sale
Current listings range from smaller condo and townhouse options to larger single-family homes, with asking prices generally clustered around the high-$700Ks to mid-$800Ks and above, based on active market pages. With fewer than two dozen properties available, buyers are navigating limited choice, while sellers face less competition.
Sources
Are you seeing more buyer competition or price adjustments in your neighborhood this month?