Market Data by County

Data From: 03/09/26 - 04/05/26

NJ County	New Listings	Median Sale Price	*DOM/Days vs. Last WeekD
BERGEN	189 (-8%)	$765k (7%)	76 / -4
ESSEX	150 (-10%)	$676k (4%)	46 / -1
PASSAIC	77 (-3%)	$600k (11%)	49 / 0
MORRIS	118 (-4%)	$681k (8%)	22 / -6
HUDSON	138 (-19%)	$721k (8%)	46 / -11

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

Listings Drop Across the Northern NJ This Week

What looked like was some hopefulness to the market the last two weeks has quickly ended. According to Redfin data, new listings have dropped below 2025 levels when compared to the same time last year.

If I pull back to the NY Metro and Newark Metro area, which is a wider view of the overall area, there is nearly a 10% decrease in inventory showing for both.

Going even further, if I look at all pending sales, those numbers are also below last year, with the exception of Morris County showing almost a 1% increase.

We know that the interest rates going back up to the mid-6% range hasn't helped motivate sellers who have locked in rates. The quick half-point jump from 6% certainly changed that mindset, but we did just see a slight drop from the Iran ceasefire. Some in the news blame this on the Easter holiday and Spring break, but historical data doesn't support it that I see.

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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.	1,742,102 (0.8%)	$429,129 (0.9%)
New Jersey	23,647 (1.6%)	$539,300 (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

Mortgage rates fall after US-Iran ceasefire

The average rate on a 30-year fixed mortgage fell this week to 6.37%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.46%.