Northern NJ Market News

Joseph Charles | NJ Realtor

 

Market Data by County

Data From: 09/29/25 - 10/26/25 *current data not updated

NJ

County

New

Listings

Median

Sale Price

*DOM/Days ChangedD

BERGEN

163 (1%)

$735k (5%)

74 / 3

ESSEX

129 (10%)

$659k (11%)

62 / 26

PASSAIC

70 (3%)

$610k (6%)

72 / 38

MORRIS

99 (-15%)

$707k (13%)

24 / 1

HUDSON

125 (4%)

$693k (1%)

64 / 19

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

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Quick tips for Buyers in Our Market

With prices still high and inventory tightening, here are some suggestions if you are planning to buy in this market.


Get pre-approved. This is the most important step. You want to know where you are financially, what you can afford, and what price ranges to look for. Try not to spend outside of your means, you don't want to be stuck eating PB&J sandwiches on the floor of your new home.


Dial in where you want to live. This isn't easy until you actually start visiting the towns you're considering. Go out to eat there, walk around the downtown, talk to locals. Get a feel for the town vibe. Also, review recent sales and inventory data in those towns so your expectations remain grounded and realistic.


Refine your search. As start touring you will see a mix of homes, some you'll love, some you won't. Figure out which those are and adjust your searches accordingly. For example, you dislike colonial style homes, but prefer bi-levels and ranches.


I have a full Buyer and Seller Expectation guide - I'd be glad to share it.


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.

2,081,144 (9.4%)

$435,285 (1.7%)

New Jersey

31,906 (11.6%)

$563,200 (4.7%)

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

The Fed Is Forecast to Cut Rates in December as Employment Cools

Fed Chair Jerome Powell surprised the bond market in October by saying that another rate cut isn't a foregone decision. However Goldman Sachs Research forecasts that the Fed will reduce rates again in December.

What to do this weekend in NJ

25 Things To Do in New Jersey During November 2025 School Holidays

Many New Jersey school kids have more days off in November than during the December holidays. Here are 25 things to do with kids in New Jersey.

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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

office: 973-335-5700

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