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For Northern NJ | February, 2025
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Demarest & Eastern Bergen County Real Estate Trends
2025 Market Trends for Single-Family Homes in Eastern Bergen County: Insights You Can't Miss!
Welcome to our latest market update! I’m Julia Dito with the Stacy Esser Group at Keller Williams Town Life, here to share crucial insights into the current state of the single-family home market in Eastern Bergen County. Whether you're contemplating buying or selling, understanding these trends can significantly impact your decision-making process. Let’s dive into the latest numbers!
Market Snapshot:
Haworth:
The real estate market in Haworth is incredibly tight, with the median estimated home value just over $1 million. This reflects a 4% year-over-year growth. With only five active listings available, there's just 1.52 months of supply, indicating strong demand and quick sales.
Crestkill:
Crestkill offers a median home value of $976,570, marking a 5% increase from last year. The market here has more options with 25 active listings and 3.77 months of supply. This could be a promising town for buyers looking for more inventory.
Closter:
In Closter, the median home value stands at $1,653,000, showing a 3.5% growth. With 13 active listings and about 1.59 months of inventory, buyers will find a competitive landscape but still some options.
Demarest:
Demarest is shining with a remarkable 9.7% growth, where homes have a median value of $1.42 million. With only seven active listings and 1.5 months of supply, this area is also very competitive for buyers.
Tenafly:
Tenafly is experiencing the highest year-over-year growth at 12.8%, with a median estimated home value of $1.3 million. The market is particularly challenging for buyers, with just seven active listings and only 0.71 months of supply.
Understanding Months of Supply:
The months of supply metric is crucial in interpreting the market dynamics. It indicates how quickly homes are selling. For instance, in Haworth, with 1.52 months of supply, homes are moving swiftly. In contrast, Crestkill’s 3.77 months offers slightly more breathing room for buyers.
As we've seen across Eastern Bergen County, the demand for single-family homes is high, and the inventory is moving quickly. If you have any questions about your specific town or are curious about the numbers relevant to your home, don't hesitate to reach out. Understanding these trends is vital for making informed real estate decisions. Stay tuned for my next market update, and take care!
For personalized advice or to discuss your real estate goals, feel free to contact me. I’m here to help you navigate this competitive market!
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Report Cards by Town
Brought to you by Niche.com
Check out Niche's 2024 Best Places to Live in Bergen County here
Bergen County, NJ
Bergen County, New Jersey, has a population of 953,243 and is considered one of the best places to live in the state. Most residents own their homes, and the area offers many bars, restaurants, coffee shops, and parks. It attracts young professionals, with residents generally leaning liberal. The public schools in Bergen County are highly rated.
Tenafly, NJ
Tenafly, a suburb of New York City in Bergen County with a population of 15,299, is one of the best places to live in New Jersey. Most residents own their homes and enjoy a suburban feel with numerous restaurants, coffee shops, and parks. The town attracts families, and residents generally hold moderate political views. Tenafly’s public schools are highly rated.
Oradell, NJ
Oradell, a New York City suburb in Bergen County with a population of 8,208, is considered one of the best places to live in New Jersey. Residents enjoy a suburban feel, with most owning their homes. The town has plenty of coffee shops and parks and is popular among retirees. Oradell residents generally lean conservative, and the public schools are highly rated.
Hawthorne, NJ
Hawthorne, a suburb of New York City in Passaic County with a population of 19,456, offers a dense suburban feel with many restaurants, coffee shops, and parks. It attracts families and young professionals, with residents generally leaning liberal. The public schools are rated above average.
Demarest, NJ
Demarest, a New York City suburb in Bergen County with a population of 4,930, is considered one of the best places to live in New Jersey. It has a rural atmosphere, with most residents owning their homes. The community generally holds moderate political views, and the public schools are highly rated.
Closter, NJ
Closter, a New York City suburb in Bergen County with a population of 8,555, is highly rated as a place to live in New Jersey. It provides a rural feel, and most residents own their homes. The community tends toward moderate political views, and the public schools are highly rated.
Montvale, NJ
Montvale, a New York City suburb in Bergen County with a population of 8,413, is known as one of New Jersey’s top places to live. It offers a sparse suburban atmosphere, with most residents owning their homes. The area attracts many young professionals, and the community generally leans conservative. Montvale’s public schools are highly rated.
Upper Saddle River, NJ
Upper Saddle River, a New York City suburb in Bergen County with a population of 8,313, is highly rated as a place to live in New Jersey. It offers a rural feel, with most residents owning their homes and enjoying the town’s numerous parks. Residents tend to hold moderate political views, and the public schools are highly rated.
Woodcliff Lake, NJ
Woodcliff Lake, a New York City suburb in Bergen County with a population of 6,096, is highly regarded as a place to live in New Jersey. It provides a sparse suburban feel, with most residents owning their homes and enjoying many coffee shops and parks. The community leans conservative, and the public schools are highly rated.
Real Estate Insights, Home Tips & More
Demarest & Eastern Bergen County Real Estate Trends
2025 Market Trends for Single-Family Homes in Eastern Bergen County: Insights You Can't Miss!
Welcome to our latest market update! I’m Julia Dito with the Stacy Esser Group at Keller Williams Town Life, here to share crucial insights into the current state of the single-family home market in Eastern Bergen County. Whether you're contemplating buying or selling, understanding these trends can significantly impact your decision-making process. Let’s dive into the latest numbers!
Market Snapshot:
Haworth:
The real estate market in Haworth is incredibly tight, with the median estimated home value just over $1 million. This reflects a 4% year-over-year growth. With only five active listings available, there's just 1.52 months of supply, indicating strong demand and quick sales.
Crestkill:
Crestkill offers a median home value of $976,570, marking a 5% increase from last year. The market here has more options with 25 active listings and 3.77 months of supply. This could be a promising town for buyers looking for more inventory.
Closter:
In Closter, the median home value stands at $1,653,000, showing a 3.5% growth. With 13 active listings and about 1.59 months of inventory, buyers will find a competitive landscape but still some options.
Demarest:
Demarest is shining with a remarkable 9.7% growth, where homes have a median value of $1.42 million. With only seven active listings and 1.5 months of supply, this area is also very competitive for buyers.
Tenafly:
Tenafly is experiencing the highest year-over-year growth at 12.8%, with a median estimated home value of $1.3 million. The market is particularly challenging for buyers, with just seven active listings and only 0.71 months of supply.
Understanding Months of Supply:
The months of supply metric is crucial in interpreting the market dynamics. It indicates how quickly homes are selling. For instance, in Haworth, with 1.52 months of supply, homes are moving swiftly. In contrast, Crestkill’s 3.77 months offers slightly more breathing room for buyers.
As we've seen across Eastern Bergen County, the demand for single-family homes is high, and the inventory is moving quickly. If you have any questions about your specific town or are curious about the numbers relevant to your home, don't hesitate to reach out. Understanding these trends is vital for making informed real estate decisions. Stay tuned for my next market update, and take care!
For personalized advice or to discuss your real estate goals, feel free to contact me. I’m here to help you navigate this competitive market!
