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For Northern NJ | February, 2025
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More Market Updates in Your Area!
2025 Pascack Valley Real Estate Market Insights: A Seller’s Paradise
2025 Pascack Valley Real Estate Market Update: What You Need to Know
Hello, Pascack Valley!
I'm Allison Berkowitz, your trusted real estate expert with SEG at Keller Williams Town Life. As someone born and raised right here in Pascack Valley, it’s my pleasure to share with you the latest updates on our local real estate market. Whether you're a current homeowner, looking to buy, or just curious about how things are going, this monthly market update has all the info you need to stay ahead of the trends.
Pascack Valley Housing Market in 2025: What’s Happening?
The 2025 housing market in Pascack Valley is proving to be incredibly competitive, and for good reason. Year over year, home values continue to rise across the area, with Washington Township leading the pack. Median home sales prices in Washington Township have increased by a remarkable 7%, making it one of the hottest markets in our region.
But that’s not all—inventory is still extremely low, which means homes are selling fast and often above the asking price. If you're thinking about selling your home in Pascack Valley, this is a fantastic time to do so. Buyers are out in full force, and homes that are priced correctly and marketed strategically are seeing multiple offers.
Why Is This a Strong Seller’s Market?
There are a few key factors driving the strength of the market:
Low Inventory: The number of homes available for sale is still well below demand. We’re currently sitting at just under two months of inventory—meaning if no new homes were listed, we would run out of homes to sell in just two months. This creates fierce competition among buyers, making it an ideal time for sellers.
High Demand: Despite the lower inventory, buyer demand remains high. The limited supply of homes is fueling bidding wars, and it’s not uncommon for homes to sell above list price. Buyers are eager to make competitive offers to secure their dream homes.
Rising Home Values: Thanks to the combination of low inventory and high demand, home values are climbing. With a 7% increase in median home prices in Washington Township, homeowners are seeing impressive returns on their investments.
Is Now the Right Time to Sell in Pascack Valley?
If you’re a homeowner in Pascack Valley, now could be the perfect time to take advantage of this seller’s market. Homes are continuing to sell for over their list price, and with strategic pricing and an effective marketing plan, you can ensure your home attracts the right buyers.
If you're thinking about selling, I’d love to help you navigate the process and make sure your home stands out in today’s competitive market.
Wondering What Your Home Is Worth?
If you're curious about the value of your home or would like to know how your town is performing in today’s market, don’t hesitate to reach out. I can provide a customized home valuation and give you insights into your specific area in Pascack Valley.
Call me at 201-321-4368 or simply drop a comment below with your town’s name, and I’ll get back to you with personalized info about your area’s real estate market.
Wrapping Up
It’s an exciting time in the Pascack Valley real estate market! With home values continuing to rise and inventory remaining low, sellers are in a great position to capitalize on the demand. Whether you're buying, selling, or just exploring your options, staying informed is key.
Stay tuned for more updates, and as always, feel free to reach out if you have any questions or need guidance on your real estate journey.
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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
2025 Pascack Valley Real Estate Market Insights: A Seller’s Paradise
2025 Pascack Valley Real Estate Market Update: What You Need to Know
Hello, Pascack Valley!
I'm Allison Berkowitz, your trusted real estate expert with SEG at Keller Williams Town Life. As someone born and raised right here in Pascack Valley, it’s my pleasure to share with you the latest updates on our local real estate market. Whether you're a current homeowner, looking to buy, or just curious about how things are going, this monthly market update has all the info you need to stay ahead of the trends.
Pascack Valley Housing Market in 2025: What’s Happening?
The 2025 housing market in Pascack Valley is proving to be incredibly competitive, and for good reason. Year over year, home values continue to rise across the area, with Washington Township leading the pack. Median home sales prices in Washington Township have increased by a remarkable 7%, making it one of the hottest markets in our region.
But that’s not all—inventory is still extremely low, which means homes are selling fast and often above the asking price. If you're thinking about selling your home in Pascack Valley, this is a fantastic time to do so. Buyers are out in full force, and homes that are priced correctly and marketed strategically are seeing multiple offers.
Why Is This a Strong Seller’s Market?
There are a few key factors driving the strength of the market:
Low Inventory: The number of homes available for sale is still well below demand. We’re currently sitting at just under two months of inventory—meaning if no new homes were listed, we would run out of homes to sell in just two months. This creates fierce competition among buyers, making it an ideal time for sellers.
High Demand: Despite the lower inventory, buyer demand remains high. The limited supply of homes is fueling bidding wars, and it’s not uncommon for homes to sell above list price. Buyers are eager to make competitive offers to secure their dream homes.
Rising Home Values: Thanks to the combination of low inventory and high demand, home values are climbing. With a 7% increase in median home prices in Washington Township, homeowners are seeing impressive returns on their investments.
Is Now the Right Time to Sell in Pascack Valley?
If you’re a homeowner in Pascack Valley, now could be the perfect time to take advantage of this seller’s market. Homes are continuing to sell for over their list price, and with strategic pricing and an effective marketing plan, you can ensure your home attracts the right buyers.
If you're thinking about selling, I’d love to help you navigate the process and make sure your home stands out in today’s competitive market.
Wondering What Your Home Is Worth?
If you're curious about the value of your home or would like to know how your town is performing in today’s market, don’t hesitate to reach out. I can provide a customized home valuation and give you insights into your specific area in Pascack Valley.
Call me at 201-321-4368 or simply drop a comment below with your town’s name, and I’ll get back to you with personalized info about your area’s real estate market.
Wrapping Up
It’s an exciting time in the Pascack Valley real estate market! With home values continuing to rise and inventory remaining low, sellers are in a great position to capitalize on the demand. Whether you're buying, selling, or just exploring your options, staying informed is key.
Stay tuned for more updates, and as always, feel free to reach out if you have any questions or need guidance on your real estate journey.
