Market Data by County

Data From: 03/24/25 - 04/20/25 (*latest not available)

NJ County	New Listings	Median Sale Price	Days On Market/YoY
BERGEN	178 (-8%)	$746k (11%)	68 / -1
ESSEX	149 (0%)	$664k (13%)	39 / +3
PASSAIC	72 (-1%)	$573k (4%)	36 / -7
MORRIS	112 (-5%)	$658k (3%)	21 / +4
HUDSON	149 (6%)	$705k (11%)	45 / +5

*ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN

Click here for last week's email

Northern NJ Market Review

2025 Q1 Market Data

As the market continues to show uncertainty with conflicts in trade, the GDP showing a .3% slowdown, and the tariff disputes, the housing market remains relatively resilient.

Aside from the data I showed in last week's newsletter, inventory has steadily increased, surpassing 2023 and 2024 levels briefly in late March early April, and sale prices continued to rise. Unfortunately, the latest data for NJ has not updated as I write this so I cannot show the latest information. Instead, I can share a very detailed Q1 2025 report for each county and town in Northern NJ. Click here for those details

10-Year Treasury and Mortgage Rates

Interest rates have dropped as of April 29 and the average 30-year fixed is about 6.82%. Note that April 9 rates dropped to 6.61% and there was a 20% mortgage application increase. That just shows how much pent-up demand there is!

Questions on any real estate topic, reply to this email to reach out to me directly 973-715-8766

Comparing the U.S. Market to New Jersey

(year-over-year)

U.S. vs New Jersey	# of Homes For Sale	Median Sale Price
U.S.	1,824,010 (15.8%)	$430,848 (2.4%)
New Jersey	22,117 (-0.47%)	$520,700 (9.2%)

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 Retreat Again As Markets Calm | Bankrate

Thirty-year mortgage rates fell to 6.81% as spring homebuying season kicks off, according to Bankrate's latest lender survey.

What To Do This Weekend in NJ

Things to Do in New Jersey in May - 2025

Birds are chirping, summer is on the horizon and the great Garden State is filled with exciting things for the whole family to do. From award-winning wines to jazzy showtimes. Blissful beaches to bronco riding and bird-watching locations that are among the top in the nation.