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For Northern NJ | August, 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!
Is the Market Changing? June 2025 NJ Real Estate Report
June 2025 Real Estate Market Report: Southern Passaic & Bergen County
As we dive into the June 2025 market report for Southern Passaic and Bergen County, there are clear signs that a shift is underway in the local real estate landscape. Whether you're a homeowner considering selling or a buyer looking for opportunity, these changes bring new strategies to the forefront. Let’s take a closer look.
Months of Supply Rising Across Bergen & Passaic County
For most of 2025, inventory levels remained historically low, with less than one month of supply. But in June, we began to see that shift, with some towns reaching a 3-month supply. Why does this matter?
A 3 month supply resembles the more balanced, pre-covid real estate market.
More homes are coming to market, giving buyers more choices.
Homes are taking longer to sell, which benefits well-prepared buyers.
Southern Bergen County Home Prices Still on the Rise
Even with rising supply, home values continue to climb in many areas. In particular:
Teaneck saw a 14%+ increase in median estimated home value in June.
Hackensack also showed significant growth.
The sale-to-list price ratios are above 100%, meaning homes are still selling for more than asking in many neighborhoods.
Sellers: This is still your market—if you're strategic.
Sellers: Prepare Your Home or Risk Being Left Behind
While prices are strong, the rise in inventory and days on market means competition is heating up. Poorly prepared or overpriced homes are falling flat. Expired listings are increasing for one of two reasons:
The home is overpriced.
The condition doesn't meet buyer expectations—or both.
If you're thinking about listing your home, our "Value-Up Method" is now more crucial than ever. We'll help you:
Strategically prepare your home.
Maximize its visual and market appeal.
Set a price that reflects current buyer behavior.
Schedule a free consultation to discover what small changes can lead to big value.
Buyers: Opportunity is Knocking with Better Rates & More Listings
Buyers, there’s some relief on the horizon:
More homes are on the market.
Properties are staying listed longer—giving you time to act.
Mortgage rates are dropping—dipping just under 6% in early July for well-qualified borrowers.
This combo means better affordability and selection. But success still favors the prepared:
✅ Get pre-approved
✅ Have your down payment ready
✅ Partner with an experienced local realtor
✅ Know your home inspector, attorney, and lender in advance
Whether Buying or Selling in Bergen or Passaic—Strategy is Key
This market requires smart moves, not guesswork.
Home sellers: It’s time to polish, stage, and price right.
Home buyers: With more choices and improving rates, this could be your moment.
Need help navigating this shift? Strategy sessions are always complimentary. Whether you're in Teaneck, Hackensack, Clifton, or anywhere in Southern Bergen or Passaic, I’m here to help guide you through it.
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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
Is the Market Changing? June 2025 NJ Real Estate Report
June 2025 Real Estate Market Report: Southern Passaic & Bergen County
As we dive into the June 2025 market report for Southern Passaic and Bergen County, there are clear signs that a shift is underway in the local real estate landscape. Whether you're a homeowner considering selling or a buyer looking for opportunity, these changes bring new strategies to the forefront. Let’s take a closer look.
Months of Supply Rising Across Bergen & Passaic County
For most of 2025, inventory levels remained historically low, with less than one month of supply. But in June, we began to see that shift, with some towns reaching a 3-month supply. Why does this matter?
A 3 month supply resembles the more balanced, pre-covid real estate market.
More homes are coming to market, giving buyers more choices.
Homes are taking longer to sell, which benefits well-prepared buyers.
Southern Bergen County Home Prices Still on the Rise
Even with rising supply, home values continue to climb in many areas. In particular:
Teaneck saw a 14%+ increase in median estimated home value in June.
Hackensack also showed significant growth.
The sale-to-list price ratios are above 100%, meaning homes are still selling for more than asking in many neighborhoods.
Sellers: This is still your market—if you're strategic.
Sellers: Prepare Your Home or Risk Being Left Behind
While prices are strong, the rise in inventory and days on market means competition is heating up. Poorly prepared or overpriced homes are falling flat. Expired listings are increasing for one of two reasons:
The home is overpriced.
The condition doesn't meet buyer expectations—or both.
If you're thinking about listing your home, our "Value-Up Method" is now more crucial than ever. We'll help you:
Strategically prepare your home.
Maximize its visual and market appeal.
Set a price that reflects current buyer behavior.
Schedule a free consultation to discover what small changes can lead to big value.
Buyers: Opportunity is Knocking with Better Rates & More Listings
Buyers, there’s some relief on the horizon:
More homes are on the market.
Properties are staying listed longer—giving you time to act.
Mortgage rates are dropping—dipping just under 6% in early July for well-qualified borrowers.
This combo means better affordability and selection. But success still favors the prepared:
✅ Get pre-approved
✅ Have your down payment ready
✅ Partner with an experienced local realtor
✅ Know your home inspector, attorney, and lender in advance
Whether Buying or Selling in Bergen or Passaic—Strategy is Key
This market requires smart moves, not guesswork.
Home sellers: It’s time to polish, stage, and price right.
Home buyers: With more choices and improving rates, this could be your moment.
Need help navigating this shift? Strategy sessions are always complimentary. Whether you're in Teaneck, Hackensack, Clifton, or anywhere in Southern Bergen or Passaic, I’m here to help guide you through it.
