Northern NJ Market News

Joseph D. Charles, Jr | NJ Realtor

Market Data by County

Data From: 02/09/26 - 03/08/26

NJ

County

New

Listings

Median

Sale Price

*DOM/Days vs. Last WeekD

BERGEN

133 (-15%)

$714k (-2%)

93 / -1

ESSEX

115 (-17%)

$675k (12%)

61 / -5

PASSAIC

66 (-4%)

$623k (18%)

76 / -4

MORRIS

79 (-15%)

$624k (1%)

30 / -5

HUDSON

120 (-11%)

$720k (9%)

66 / +2

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

Passaic and Essex County Prices Skyrocket

Inventory remains down across Northern New Jersey this week, with new listings lower year over year in every county. Prices overall are steady, but Essex and Passaic Counties stood out with major jumps in median sale price.


In Essex County, inventory has now dropped to the lowest level I can track going back to 2023. Median sale price jumped to $675,000, up $73,000 from last week and up 12% year over year. Homes are also selling faster, which shows how limited supply is pushing prices higher.


Passaic County also saw a big move. Median sale price rose from $582,000 last week to $623,000, now up 18% year over year.


Across Bergen, Morris, and Hudson Counties, inventory remains lower than last year but prices were relatively steady this week while homes are selling at about the same pace.


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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.

1,705,388 (-1.3%)

$429,708 (1.0%)

New Jersey

23,301 (0.2%)

$540,400 (3.8%)

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.

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Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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670 Main Rd, Towaco, NJ 07082

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