Northern NJ Market News

Joseph D. Charles, Jr | NJ Realtor

Market Data by County

Data From: 02/02/26 - 03/01/26

NJ County	New Listings	Median Sale Price	*DOM/Days vs. Last WeekD
BERGEN	118 (-21%)	$705k (-1%)	94 / +2
ESSEX	116 (-13%)	$607k (12%)	66 / -9
PASSAIC	54 (-11%)	$582k (5%)	76 / +1
MORRIS	76 (-15%)	$639k (5%)	35 / +1
HUDSON	106 (-15%)	$713k (8%)	64 / +2

ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN | *DOM = Days on Market

Lowest Inventory Ever?

Inventory Data Discovery

Take a look at the inventory in each county in the chart above. Those are massive year over year declines we are seeing from my search on Redfin.

This made me want to check the Multiple Listing Services to see if this is actually the lowest we have ever seen...and it is.

According to the Garden State Multiple Listing service, Essex, Morris, Bergen, and Passaic counties are all at their lowest level of new listings in at least a decade.

I then went to the New Jersey MLS and combined all NNJ counties into one chart for new listings. What I saw was that in total there were 810 new listings February 2025 for Essex, Bergen, Passaic, Morris and Hudson combined. For February 2026 (last month) there were only 684 — that’s 126 fewer than last year.

Iran Conflict:

I want to touch real quick on this conflict and real estate as well, since I'm seeing some misleading headlines about it.

Since the conflict last week, there has only been a 0.02% change in mortgage rates. We do see that gas is up .27 cents and gold went up, which won't really affect real estate as far as I can tell.

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Comparing the U.S. Market to NJ

(year-over-year)

U.S. vs NJ	# of Homes For Sale	Median Sale Price
U.S.	1,678,056 (1.2%)	$422,980 (1.1%)
New Jersey	23,889 (5.3%)	$550,700 (2.5%)

Note: When the news reports on the real estate market, they’re referring to national data. New Jersey is very different from the rest of the country.

Today's Mortgage Rates : Daily Index

View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.

Northern NJ Homes For Sale by County

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Union County

Mortgage rates edge back up to 6%, but 5% loans are still in play: Mortgage and refinance interest rates today

Mortgage rates rose back to 6% this week, as bond markets grapple with inflation concerns and the escalating Middle East conflict.

Curious what your home might be worth today?

I offer a tool that lets homeowners track their estimated value and equity.

See Your Home Value & Equity Report

It can also send a simple monthly update so you can stay informed about what is happening around your property.

What To Do This Weekend in NJ

Best Things To Do with Kids in New Jersey in February 2026, From to MP Editors

We've found plenty of reasons to fall in love with New Jersey this February. Here are our best things to do with kids all month long.

Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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office: 973-335-5700