Harrison Housing Update: Prices Up, Sales Slow, Rentals Steady
Harrison, NJ – March 17, 2026 – Home prices rose sharply year over year as sales remained limited and rents held near record highs.
Top takeaways
- Median sale price reached $850K in January, up 18.4% year over year.
- Homes are taking longer to sell, with a 101-day median on market.
- Five homes closed in January, up from two a year earlier.
- Average apartment rents range roughly $2.6K–$2.8K per month.
Market snapshot
The Harrison housing market opened 2026 with a notable jump in sale prices, even as transaction activity remained limited. In January, the median sale price climbed to $850,000—an 18.4% increase compared with the same month last year. That rise signals continued upward pressure on values despite a relatively small number of closed deals.
Homes are taking longer to sell. The median time on market reached 101 days, up from 60 days a year ago. While five homes closed during the month—more than the two recorded last year—the overall pace remains modest. The combination of higher prices and extended marketing times suggests buyers are moving carefully, even as sellers test stronger pricing.
What’s on the market
Active listings reflect a mix of property types, including condos, townhomes, and multi-family buildings. Realtor.com reports a median listing price of about $485,000. Zillow data shows current asking prices ranging from the mid-$400Ks for smaller condo units to $900K+ for larger multi-family properties and select higher-end homes. This spread highlights the varied entry points available, depending on size and property style.
Limited inventory continues to shape conditions. With relatively few closings and properties spending more time on the market, buyers may find room for negotiation, though asking prices remain elevated compared with last year.
Rental trends
The rental market remains steady near recent highs. Average apartment rents are generally reported between $2,627 and $2,753 per month. By unit type:
- Studios average just over $2,200 per month.
- One-bedroom units average around $2,600.
- Two-bedroom apartments average above $3,300.
Year-over-year rent changes have been relatively flat, indicating stabilization after earlier increases. Demand appears consistent, with pricing holding firm rather than accelerating.
Outlook
Higher year-over-year sale prices point to continued value growth, but longer selling times reflect more deliberate buyer behavior. As spring approaches, market watchers will be tracking whether additional listings help ease pressure—or whether limited supply continues to support elevated pricing across both sales and rentals.