Don't miss out on local tips, events and market insights.
CLICK PLAY FOR YOUR LATEST MARKET UPDATE
For Northern NJ | March, 2025
Hope you got value from our market update. If you ever want the specifics for your neighborhood, send us an email and we'll share the data with you.
More Market Updates in Your Area!
Bergen County Market Update: Why Sellers Are Winning Big!
Bergen County Market Update: Why Sellers Are Winning Big!
Central Bergen County Real Estate Market Update: March 2025
As we delve into the real estate market in Central Bergen County, one question looms large: when will we see more inventory hitting the market? Buyers are eager for answers, and the data suggests that the current landscape is ripe for sellers. Let’s break down the latest market trends and what they mean for you.
Impressive Growth in Home Values
The latest figures reveal a significant year-over-year growth in median estimated home values across all towns in Central Bergen County. If you’re considering selling your home, now is an opportune time, as the upward trend in prices has become evident.
Key Highlights:
Median Prices: The median estimated home value has surged dramatically, reflecting a robust demand in the market.
Active Listings: Unfortunately, the number of active listings and months of supply are down, intensifying the competition among buyers.
Town-Specific Insights
Oradell
Oradell is witnessing an impressive uptick:
Median Sold Price: Up by 25.51%
Days on Market: Down by 23.53%
Sold to List Price: Increased by nearly 10%
The inventory remains critically low, making it a seller's paradise.
River Edge
River Edge shows contrasting trends:
Median Sold Price: Up 43.36%
Days on Market: Surprisingly up by 562.5%, which warrants further investigation.
Inventory: Also critically low.
Emerson
In Emerson, we see mixed signals:
Median Estimated Property Value: Just shy of $770,000, up 1.4% month-over-month.
Year-over-Year Growth: A notable 7.5% increase from the previous year.
However, the lack of substantial data complicates the analysis.
New Milford
New Milford presents a unique case:
Months of Inventory: Slightly higher at just under two months.
Median Sold Price: Down by almost 13%, which is unusual in the current market climate.
Bergenfield
Bergenfield continues to perform well:
Median Sold Price: Up 4.55%
Days on Market: Increased by 49%, yet the market remains competitive.
Dumont
Dumont mirrors some of the trends in the region:
Median Sold Price: Down over 6.5% month-over-month.
Days on Market: Down by almost 35%, indicating a fast-paced market.
Conclusion: A Seller’s Market
The data clearly indicates that we are in a seller's market, driven by high demand and low supply. If you’ve been contemplating selling your home, now is the time to act. Spring is historically the hottest season for real estate, and with the right strategy, you could maximize the value of your home and attract multiple offers.
Ready to Sell?
If you're curious about how to navigate this dynamic market, I invite you to click the link below to schedule a strategy session. Together, we can explore ways to enhance your property’s value and ensure a successful sale. Don’t miss out on the opportunity to capitalize on this thriving market!
Upcoming Luxury
Open Houses
⬇️Get access to Privately Listed Homes For Sale ⬇️
Many sellers choose to list their homes privately before they go public. We have access to 45+ homes for sale in our office exclusives. Don't miss out on the home of your dreams because someone else saw it first. Get access!
Hurry, these spectacular homes go fast!
100% Secure. We value your privacy.
By submitting your email and phone number in the forms on our site, you give
consent to receiving occasional emails and SMS text messages about offers,
or other information, from us.
what's happening around town!
Latest around Northern NJ
Buyers Locked Out of Market
Featured on CBS Mornings, The Buyer struggle across Bergen, Passaic and Hudson County
5 Reasons NOT to Move to Northern NJ in 2024
We'll discuss 5 important factors to consider before making the move to Northern NJ!
Don't Sell Until You Watch this!
Learn 3 Simple ways to know it's time to sell your home! And spoiler alert - it's not the most obvious!
Sell Your Home for Top Dollar in Northern NJ!
How to sell your home for the most money as featured on NBC Today
Upgrading Your Home? Don't do this!
Planning to upgrade your home? 🏠 Before you dive in, make sure to avoid these common mistakes that could negatively impact your home's value!
What you need to know about NAR!
If you are buying in NJ, this video will share exactly what you need to know about hiring a buyers agent!
Top Appreciating Towns
Top 3 Local Event Picks
What's Happening This Month in Northern NJ!
Get our Free Guide to
"Value-Up™ Your Home"
Our Value-Up™ Your Home eBook Was Written To
Give You A Better Understanding of how to transform your home's value in Northern NJ! Get Yours FREE today!
Available for a limited time!
I agree to terms & conditions provided by SEG KW Town Life. By providing my email and phone number, I agree to receive messages from SEG KW Town Life.
Buying or Selling in Northern NJ? Don't miss out on our latest Fall SEGInsider - A full guide to the housing market in Northern NJ.
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
Bergen County Market Update: Why Sellers Are Winning Big!
Bergen County Market Update: Why Sellers Are Winning Big!
Central Bergen County Real Estate Market Update: March 2025
As we delve into the real estate market in Central Bergen County, one question looms large: when will we see more inventory hitting the market? Buyers are eager for answers, and the data suggests that the current landscape is ripe for sellers. Let’s break down the latest market trends and what they mean for you.
Impressive Growth in Home Values
The latest figures reveal a significant year-over-year growth in median estimated home values across all towns in Central Bergen County. If you’re considering selling your home, now is an opportune time, as the upward trend in prices has become evident.
Key Highlights:
Median Prices: The median estimated home value has surged dramatically, reflecting a robust demand in the market.
Active Listings: Unfortunately, the number of active listings and months of supply are down, intensifying the competition among buyers.
Town-Specific Insights
Oradell
Oradell is witnessing an impressive uptick:
Median Sold Price: Up by 25.51%
Days on Market: Down by 23.53%
Sold to List Price: Increased by nearly 10%
The inventory remains critically low, making it a seller's paradise.
River Edge
River Edge shows contrasting trends:
Median Sold Price: Up 43.36%
Days on Market: Surprisingly up by 562.5%, which warrants further investigation.
Inventory: Also critically low.
Emerson
In Emerson, we see mixed signals:
Median Estimated Property Value: Just shy of $770,000, up 1.4% month-over-month.
Year-over-Year Growth: A notable 7.5% increase from the previous year.
However, the lack of substantial data complicates the analysis.
New Milford
New Milford presents a unique case:
Months of Inventory: Slightly higher at just under two months.
Median Sold Price: Down by almost 13%, which is unusual in the current market climate.
Bergenfield
Bergenfield continues to perform well:
Median Sold Price: Up 4.55%
Days on Market: Increased by 49%, yet the market remains competitive.
Dumont
Dumont mirrors some of the trends in the region:
Median Sold Price: Down over 6.5% month-over-month.
Days on Market: Down by almost 35%, indicating a fast-paced market.
Conclusion: A Seller’s Market
The data clearly indicates that we are in a seller's market, driven by high demand and low supply. If you’ve been contemplating selling your home, now is the time to act. Spring is historically the hottest season for real estate, and with the right strategy, you could maximize the value of your home and attract multiple offers.
Ready to Sell?
If you're curious about how to navigate this dynamic market, I invite you to click the link below to schedule a strategy session. Together, we can explore ways to enhance your property’s value and ensure a successful sale. Don’t miss out on the opportunity to capitalize on this thriving market!
