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For Northern NJ | June, 2025
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More Market Updates in Your Area!
Bergen & Passaic NJ Real Estate Market Update: Analyzing Early Signs of a Market Shift
Bergen County & Passaic County NJ Real Estate Market Update: Is the Seller's Market Cooling Off?
The question on everyone’s mind: Is Bergen County and Passaic County real estate finally shifting? With rising equity, increasing inventory, and mortgage rates adjusting, there are signs of movement in what has been a strong seller’s market. Whether you're a buyer or seller, understanding these trends is crucial before making your next move.
More Homes for Sale in Hackensack and Teaneck NJ: Inventory Starting to Rise
Over the past few months, homeowners in Hackensack and Teaneck NJ have begun taking advantage of strong equity positions, resulting in more homes hitting the market. While inventory levels are still under 3 months of supply, technically a seller's market, these increases may signal an early transition toward a more balanced market.
Hackensack, NJ: Inventory rising to 2.67 months of supply
Teaneck, NJ: Median values surpassing $700,000, with increasing supply
This subtle inventory uptick gives buyers a bit more leverage while still keeping sellers in a favorable position.
Wayne NJ Real Estate: Continued Growth and Record Home Prices
Wayne, NJ remains one of the hottest real estate markets in Southern Passaic County:
Average sale price now exceeds $825,000
Prices up over 12% year-over-year
Homes selling 6.5% over list price on average
The combination of strong buyer demand and limited supply continues to drive prices higher in Wayne.
Southern Bergen & Passaic County NJ: Market Strength Continues
Other neighboring towns like Hawthorne, Clifton, and Fair Lawn NJ are also holding strong. Many still report inventory levels under 2 months of supply, keeping competition high and prices elevated.
Despite small increases in inventory, these communities remain solidly in seller’s market territory for now.
Homeowner Equity Hits Record Highs: What This Means for Sellers
Nationwide, homeowners are sitting on a record-breaking $17 trillion in equity. Of that, $11.5 trillion is accessible for those considering refinancing, remodeling, or selling.
For NJ homeowners, this surge in equity presents huge opportunities:
Use equity to fund home renovations
Relocate while maximizing profits
Cash out before the market potentially shifts
Sellers in Bergen and Passaic County NJ should act strategically, ensuring homes are well-maintained and priced accurately to outperform the competition.
Mortgage Rates & Buyer Opportunities in Bergen County NJ
With national mortgage rates hovering around 6.85%, some buyers remain hesitant. However, inventory increases give buyers more negotiating room, especially moving into summer and fall 2025.
For renters still waiting: now is the time to act. Rising home prices and equity gains suggest waiting could price some buyers out of the market entirely.
Personalized Real Estate Strategy: Buy or Sell with Confidence in NJ
Whether you're looking to unlock equity or secure your first home in Bergen or Passaic County NJ, success now depends on having the right strategy.
Sellers:
Stage, price, and market your home correctly to maximize your return.
Buyers:
Take advantage of rising inventory and negotiate from a position of strength.
Let’s Build Your Customized Real Estate Plan Today
Not sure how these changes impact your specific town or situation? I’m here to help. Call or text me at 973-662-4913 for a personalized consultation. Whether you're buying, selling, or investing in NJ real estate, I’ll create a plan tailored just for you.
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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
Bergen & Passaic NJ Real Estate Market Update: Analyzing Early Signs of a Market Shift
Bergen County & Passaic County NJ Real Estate Market Update: Is the Seller's Market Cooling Off?
The question on everyone’s mind: Is Bergen County and Passaic County real estate finally shifting? With rising equity, increasing inventory, and mortgage rates adjusting, there are signs of movement in what has been a strong seller’s market. Whether you're a buyer or seller, understanding these trends is crucial before making your next move.
More Homes for Sale in Hackensack and Teaneck NJ: Inventory Starting to Rise
Over the past few months, homeowners in Hackensack and Teaneck NJ have begun taking advantage of strong equity positions, resulting in more homes hitting the market. While inventory levels are still under 3 months of supply, technically a seller's market, these increases may signal an early transition toward a more balanced market.
Hackensack, NJ: Inventory rising to 2.67 months of supply
Teaneck, NJ: Median values surpassing $700,000, with increasing supply
This subtle inventory uptick gives buyers a bit more leverage while still keeping sellers in a favorable position.
Wayne NJ Real Estate: Continued Growth and Record Home Prices
Wayne, NJ remains one of the hottest real estate markets in Southern Passaic County:
Average sale price now exceeds $825,000
Prices up over 12% year-over-year
Homes selling 6.5% over list price on average
The combination of strong buyer demand and limited supply continues to drive prices higher in Wayne.
Southern Bergen & Passaic County NJ: Market Strength Continues
Other neighboring towns like Hawthorne, Clifton, and Fair Lawn NJ are also holding strong. Many still report inventory levels under 2 months of supply, keeping competition high and prices elevated.
Despite small increases in inventory, these communities remain solidly in seller’s market territory for now.
Homeowner Equity Hits Record Highs: What This Means for Sellers
Nationwide, homeowners are sitting on a record-breaking $17 trillion in equity. Of that, $11.5 trillion is accessible for those considering refinancing, remodeling, or selling.
For NJ homeowners, this surge in equity presents huge opportunities:
Use equity to fund home renovations
Relocate while maximizing profits
Cash out before the market potentially shifts
Sellers in Bergen and Passaic County NJ should act strategically, ensuring homes are well-maintained and priced accurately to outperform the competition.
Mortgage Rates & Buyer Opportunities in Bergen County NJ
With national mortgage rates hovering around 6.85%, some buyers remain hesitant. However, inventory increases give buyers more negotiating room, especially moving into summer and fall 2025.
For renters still waiting: now is the time to act. Rising home prices and equity gains suggest waiting could price some buyers out of the market entirely.
Personalized Real Estate Strategy: Buy or Sell with Confidence in NJ
Whether you're looking to unlock equity or secure your first home in Bergen or Passaic County NJ, success now depends on having the right strategy.
Sellers:
Stage, price, and market your home correctly to maximize your return.
Buyers:
Take advantage of rising inventory and negotiate from a position of strength.
Let’s Build Your Customized Real Estate Plan Today
Not sure how these changes impact your specific town or situation? I’m here to help. Call or text me at 973-662-4913 for a personalized consultation. Whether you're buying, selling, or investing in NJ real estate, I’ll create a plan tailored just for you.
