Market Data by County

Data From: 09/15/25 - 10/12/25

NJ County	New Listings	Median Sale Price	*DOM/Days ChangedD
BERGEN	169 (-7%)	$731k (2%)	74 / 4
ESSEX	133 (-1%)	$679k (9%)	63 / 33
PASSAIC	75 (7%)	$603k (11%)	69 / 34
MORRIS	112 (-3%)	$678k (6%)	23 / 1
HUDSON	129 (-3%)	$680k (3%)	58 / 14

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

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Top of the Market?

For the first time in four years, the median sale price of homes in our metro area has dropped below the previous year. That just happened in September.

That information, along with homes taking longer to sell, tells me that home prices are plateauing. Is it because buyers have become more cautious of the market as a whole, have changed expectations due to headlines, or is it the promise of interest rate cuts? Whatever it is, the data that keeps coming in is pointing more towards us being at the top of the market.

Looking for more detailed information in your town? Reply to this email and I'll get you the data.

Comparing the U.S. Market to NJ

(year-over-year)

U.S. vs NJ	# of Homes For Sale	Median Sale Price
U.S.	2,062,136 (8.6%)	$435,495 (1.8%)
New Jersey	31,784 (11.2%)	$563,900 (4.8%)

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.

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

New Listings Creep Up As Would-Be Homebuyers Back Off, Haunted By High Prices and Economic Unease

Even though mortgage rates are sitting near their lowest level in a year, house hunters are spooked by stubbornly high home prices and jitters about a possible recession and the government shutdown.