Building Costs Per Square Foot in the State of New Jersey – Single Family Homes

A newly-built 5 Bedroom House with 3 Bathrooms and 2 x Attached Garages, Gross Floor Area 2911 sqft - on 513 Vernon PI Bayville, NJ 08721, New Jersey - Price $695,900

(Completed in 2022) A newly-built 5 Bedroom House with 3 Bathrooms and 2 x Attached Garages, Gross Floor Area 2911 sqft – on 513 Vernon PI Bayville, NJ 08721, New Jersey – Price $695,900

As of 2024, building costs in the state of New Jersey are 10% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of New Jersey, USA

  • Class 1 – Luxury Homes – $457.48 to $668.88 per sqft
  • Class 2 – Semi Luxury Homes – $278.05 to $406.51 per sqft
  • Class 3 – Best Standard Homes – $179.52 to $260.38 per sqft
  • Class 4 – Good Standard Homes – $131.17 to $191.85 per sqft
  • Class 5 – Average Standard Homes – $106.47 to $155.53 per sqft
  • Class 6 – Minimum Standard  Homes – $83.99 to $122.77 per sqft
New Jersey Single Family Houses 2024 Building Costs

New Jersey Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of New Jersey, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $157.09 to $176.98 per sqft
  • Good Quality Housing – $133.01 to $156.15 per sqft
  • Average Quality Housing – $108.62 to $135.98 per sqft
  • Low Average Quality Housing – $92.26 to $118.48 per sqft
  • Lowest Quality Housing – $79.53 to $104.81 per sqft

 

New Jersey Manufactured Housing 2024 Building Costs

New Jersey Manufactured Housing 2024 Building Costs

Residential Construction Market Analysis in the State of New Jersey, USA

Building costs are 9% above the national average in the state of New Jersey, and equivalent to the state of California. It is the 4th most expensive state to build a house in the USA. One of the pillars of the American dream is obtaining their own home, which will eventually become the family’s forever home, where they will build memories that will accompany them throughout their lives. However, as much as it is a goal for many people, this does not mean that it is something easy to achieve in all states of the country. For this reason, in this article, we will bring you an insider on the real estate market for the construction of residential homes in the state of New Jersey, USA.

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