Market Data by County

Data From: 03/02/26 - 03/29/26

NJ County	New Listings	Median Sale Price	*DOM/Days vs. Last WeekD
BERGEN	198 (3%)	$757k (1%)	80 / -5
ESSEX	151 (-5%)	$681k (6%)	47 / -3
PASSAIC	82 (2%)	$616k (14%)	49 / -12
MORRIS	124 (5%)	$662k (4%)	28 / -2
HUDSON	150 (-9%)	$730k (12%)	56 / 0

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

More Homes, Rising Prices, and Less Competition

Inventory has began to come back this week to show mostly an improvement from this time last year. The days on market is also indicating homes are selling faster then they were, which makes sense as we have moved farther away from the winter season. Home prices are continuing to rise, regardless of mortgage rates going back to around 6.5%. I can't see that changing anytime soon.

A better market is on the horizon, I just think with what's going on overseas the brakes have been put on. The rates will go back down, gas prices will drop, and a more balanced market is to come.

Right now, it is still a great time to sell. But I think the hesitation from some buyers due to current events creates a good opportunity for those that remain active in their search. There is less competition at the moment, which makes more room for negotiation.

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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.	1,734,228 (0.4%)	$429,156 (0.9%)
New Jersey	23,604 (1.4%)	$539,400 (3.6%)

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

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