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For Northern NJ | May, 2025
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Northern NJ Real Estate: Why Homes Are Selling Fast in 2025?
Bergen County Real Estate Market Update 2025: Prices Up, Inventory Down
Welcome to the latest update on the Northern New Jersey real estate market. Whether you’re looking to buy, sell, invest, or simply stay informed, here’s your deep dive into what’s driving real estate trends across Bergen County in 2025.
Homes Sold in Bergen County: 2025 vs. 2024
So far in 2025, home sales in Bergen County are nearly identical to last year—just 2.1% more than in 2024. This slight increase shows stability in the number of homes changing hands despite economic uncertainties like mortgage rates, inflation, and national financial shifts.
Median Home Prices Are Up 8% Year Over Year
One of the most significant takeaways? Median sold prices in Northern New Jersey are up 8% compared to this time in 2024. After a short dip, the market rebounded quickly as buyers jumped back in. The trend is clear: when consumer confidence returns, prices follow.
Key Insight: "Marry the house, date the mortgage." Waiting too long could mean returning to a more competitive, more expensive market.
Bergen County Listing Prices Continue to Rise
Median listing prices in Bergen County are also up 8% year over year, currently sitting at $753,000. This signals continued strength in the market and suggests that home values are holding firm—even rising—despite broader economic pressures.
Months of Inventory: Supply Is Low, Demand Is High
If you’re watching for signals about where the market is heading, months of supply is your metric. In 2025, we've seen consistently lower inventory than 2024, pointing to strong demand and limited housing stock. That imbalance means competition remains high among buyers.
Why Price Drops Don’t Mean a Crash
Yes, there have been more price drops—especially among luxury home listings in Bergen County. But that doesn’t necessarily mean a market decline. Often, these are aspirational sellers who will only sell if they hit their desired number. The majority of homes are still selling at or above asking price, particularly in the non-luxury segment.
New Construction vs. Resale Market in Northern New Jersey
As new construction costs in Bergen County rise, so do resale home prices. With a shortage of land and high material costs, we can’t build our way out of this inventory crisis. That drives up competition and pricing in the existing home market.
Updated, Move-In Ready Homes Are Winning
Buyers today want turnkey homes. If your home is updated, clean, and well-marketed, you will stand out and sell quickly. And if you’re planning to sell later but want to increase your value now, ask about our Value Up Program—a free strategy session to identify the best upgrades for ROI, even if you’re not selling soon.
Should You Sell in Bergen County Now?
If you're sitting on equity and considering an upgrade, now is the time to trade up. You can use the equity from your current home to offset higher mortgage rates and enjoy the long-term benefits of rising property values.
Who’s Driving the Demand in North Jersey?
Renters transitioning to buyers
Aging homeowners choosing to age in place
Buyers from New York City, Edgewater, and Cliffside Park
Locals looking to upgrade within Bergen County
Less migration to NYC or Florida, keeping local demand strong
Final Word: Northern NJ Real Estate is Strong in 2025
With rising prices, low inventory, and high buyer demand, the Northern New Jersey housing market—especially in Bergen County—remains resilient and full of opportunity. If you’re thinking of buying, selling, or upgrading, now’s the time to act strategically.
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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
Northern NJ Real Estate: Why Homes Are Selling Fast in 2025?
Bergen County Real Estate Market Update 2025: Prices Up, Inventory Down
Welcome to the latest update on the Northern New Jersey real estate market. Whether you’re looking to buy, sell, invest, or simply stay informed, here’s your deep dive into what’s driving real estate trends across Bergen County in 2025.
Homes Sold in Bergen County: 2025 vs. 2024
So far in 2025, home sales in Bergen County are nearly identical to last year—just 2.1% more than in 2024. This slight increase shows stability in the number of homes changing hands despite economic uncertainties like mortgage rates, inflation, and national financial shifts.
Median Home Prices Are Up 8% Year Over Year
One of the most significant takeaways? Median sold prices in Northern New Jersey are up 8% compared to this time in 2024. After a short dip, the market rebounded quickly as buyers jumped back in. The trend is clear: when consumer confidence returns, prices follow.
Key Insight: "Marry the house, date the mortgage." Waiting too long could mean returning to a more competitive, more expensive market.
Bergen County Listing Prices Continue to Rise
Median listing prices in Bergen County are also up 8% year over year, currently sitting at $753,000. This signals continued strength in the market and suggests that home values are holding firm—even rising—despite broader economic pressures.
Months of Inventory: Supply Is Low, Demand Is High
If you’re watching for signals about where the market is heading, months of supply is your metric. In 2025, we've seen consistently lower inventory than 2024, pointing to strong demand and limited housing stock. That imbalance means competition remains high among buyers.
Why Price Drops Don’t Mean a Crash
Yes, there have been more price drops—especially among luxury home listings in Bergen County. But that doesn’t necessarily mean a market decline. Often, these are aspirational sellers who will only sell if they hit their desired number. The majority of homes are still selling at or above asking price, particularly in the non-luxury segment.
New Construction vs. Resale Market in Northern New Jersey
As new construction costs in Bergen County rise, so do resale home prices. With a shortage of land and high material costs, we can’t build our way out of this inventory crisis. That drives up competition and pricing in the existing home market.
Updated, Move-In Ready Homes Are Winning
Buyers today want turnkey homes. If your home is updated, clean, and well-marketed, you will stand out and sell quickly. And if you’re planning to sell later but want to increase your value now, ask about our Value Up Program—a free strategy session to identify the best upgrades for ROI, even if you’re not selling soon.
Should You Sell in Bergen County Now?
If you're sitting on equity and considering an upgrade, now is the time to trade up. You can use the equity from your current home to offset higher mortgage rates and enjoy the long-term benefits of rising property values.
Who’s Driving the Demand in North Jersey?
Renters transitioning to buyers
Aging homeowners choosing to age in place
Buyers from New York City, Edgewater, and Cliffside Park
Locals looking to upgrade within Bergen County
Less migration to NYC or Florida, keeping local demand strong
Final Word: Northern NJ Real Estate is Strong in 2025
With rising prices, low inventory, and high buyer demand, the Northern New Jersey housing market—especially in Bergen County—remains resilient and full of opportunity. If you’re thinking of buying, selling, or upgrading, now’s the time to act strategically.
