Bergen County Real Estate Snapshot: What's Driving Market Activity This Week?

What does the latest market data say about buying or selling a home in Bergen County, NJ?

The median list price in Bergen County has reached $950,000, and while market momentum has slightly cooled, we're still in a strong seller's market. If you're wondering whether now is the right time to make a move, the current numbers tell a compelling story.

Market Action Index Signals a Shift in Pace

As of the week ending July 30, 2025, Bergen County's Market Action Index (MAI) is at 46—down just a notch from 47 the previous month. This slight dip reflects a subtle cooling in buyer competition, yet the market remains firmly in seller's territory.

• Inventory has grown to 1,003 single-family homes, offering buyers more options than in previous months.

• Median days on market is at 35, while the average days on market sits at 78, highlighting faster movement for well-priced homes.

• Price per square foot is holding at $379, reflecting strong value across neighborhoods.

Pricing Trends: Median List and New Listing Prices

Home prices continue to show resilience. The median list price is holding steady at $950,000, while the median price of new listings has softened to $799,000. This contrast suggests sellers are adjusting to market realities, creating potential opportunities for strategic buyers.

What does this mean for you? If you're planning to sell, pricing right from the start remains critical. If you're a buyer, some new listings may offer slightly better value than the market-wide median.

Who's Buying What? Segment Breakdown

The report divides the market into quartiles, and here's what stands out:

• Top Quartile: Homes around $2.8M with 6 beds and 6 baths, averaging 77 DOM.

• Upper-Mid Quartile: $1.3M homes with 4 beds and 3.5 baths, moving faster at 35 DOM.

• Lower-Mid Quartile: $799K listings with 4 beds, 2.5 baths—these are hot, with just 21 DOM.

• Bottom Quartile: $599K homes with 3 beds and 2 baths, also averaging 21 DOM.

These numbers reinforce that affordably priced homes are seeing faster absorption, while luxury properties continue to attract selective buyers with longer timelines.

Market Trends to Watch

According to the Altos report:

• Only 1% of listings increased their price, while 16% reduced—indicating a market finding balance.

• 15% of homes were relisted, often with price adjustments or updated marketing.

• Median rent is a robust $4,250, signaling continued investment potential for landlords.

What This Means for You

If you're a seller, now is still a prime window to list—particularly if your home is priced in the $600K–$800K range where demand is strongest.

If you're a buyer, increasing inventory gives you more breathing room, but well-priced homes are still moving fast. Having expert guidance on timing, offer strategy, and market segmentation will make all the difference.

Let's Talk Strategy

Whether you're navigating your next home purchase or looking to list your property while the market remains favorable, now is the time to act. I'm here to help you read between the numbers and make confident, well-timed decisions.

Call me directly at 201-970-3960 or email [email protected] to talk strategy for your next move in Bergen County.