North Jersey Real Estate Market: 20 Years of Growth, Shifts & Opportunity

Data Source: NJMLS — Bergen & Hudson Counties, 2001–2025

The Big Picture

Over 417 transactions across 25+ municipalities tell one story loud and clear: North Jersey’s housing market is a study in resilience.

From Fort Lee to Edgewater, appreciation has been steady, demand diverse, and waterfront living continues to be the crown jewel of the region.

🏙️ Market Pulse: What’s Moving

Most Active Markets: Fort Lee, Leonia, Edgewater
Strong Rental Hubs: West New York, Palisades Park
Steady Suburbia: Teaneck, Dumont

💡 Insight: Waterfront homes continue to outperform inland properties by 25–40% in value.

🏠 Property Mix

• Condos & Co-ops – 45% → Dominate city cores

• Single-Family Homes – 35% → Suburban anchors

• Townhouses & Multi-Family – 20% → Investor favorites

• Rentals – 15% → Fueled by ongoing luxury development demand

📈 Two Decades of Price Evolution

🌆 Community Spotlights

Leonia

• Price Range: $455K–$1.44M

• Median: $730K
  Steady appreciation, great community spirit, and strong housing demand.

Fort Lee

• Range: $76K–$1.4M | Median: $450K
  A diverse property mix and unmatched proximity to NYC.

Edgewater

• Range: $345K–$1.25M | Median: $550K
  Waterfront luxury continues to drive new construction momentum.

West New York

• Range: $255K–$1.95M | Median: $650K
  Skyline views, Port Imperial access, and exceptional rental returns.

💼 Rental Market Snapshot

• Median Rent: $2,400/month

• Entry-Level: $1,225–$1,850 (1BR co-ops in Fort Lee)

• Mid-Tier: $1,900–$3,000 (Edgewater, Palisades Park)

• Luxury: $3,250–$7,200 (West New York waterfront)

📅 Seasonal peaks: Spring and fall
🚗 Premium drivers: Parking, amenities, and transit access

👥 Who’s Buying?

• NYC Transplants (40%) – Seeking space and value

• Local Move-Ups (35%) – Focused on schools and stability

• Out-of-State/International (25%) – Drawn by investment appeal

⏱️ Speed of Sales

• Average home sells in 10–25 days

• Leonia & Fort Lee: Often under contract in under 2 weeks

• Luxury listings: 30–60 days

• Rentals: 15–30 days

💰 Investment Edge

• Transit-proximate communities: 4–6% annual growth

• Multi-family properties: 6–8% cap rates

• Waterfront rentals: Low vacancy + consistent appreciation

🧭 Forecast 2025–2027

Expect moderate appreciation, low inventory, and a rebound in transaction volume as interest rates ease and buyer demand resurfaces.

📊 Key Takeaways

✅ Location = Value: Waterfront + Transit = Premium
⏰ Timing Matters: Spring = max price; Winter = motivated buyers
🌎 Diversity = Stability: Multiple buyer groups sustain demand
📆 History Proves It: 20 years of data confirm long-term strength

🚀 Your Move, North Jersey

Whether you’re leveraging equity for a Florida relocation or exploring an investment near NYC, the data is clear — North Jersey remains opportunity-rich.

Let’s make your next move strategic, informed, and profitable.

📞 Scott Selleck | The Selleck Group | Keller Williams City Views Realty
📍 2200 Fletcher Ave, Suite 502, Fort Lee, NJ 07024
📲 Office: 201-592-8900 | Cell: 201-970-3960
🌐 www.SelleckSellsNJ.com
📧 [email protected]

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