Market Data by County

Data From: 10/20/25 - 11/16/25

NJ County	New Listings	Median Sale Price	*DOM/Days ChangedD
BERGEN	149 (-8%)	$757k (11%)	72 / -1
ESSEX	133 (18%)	$689k (7%)	62 / +33
PASSAIC	68 (4%)	$635k (9%)	67 / +34
MORRIS	82 (-15%)	$680k (4%)	28 / +8
HUDSON	117 (11%)	$686k (-2%)	64 / +23

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

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Chance The Feds Will Cut Rates

According to the CME Watch Group

The next Federal Reserve meeting will be on December 10th, and for days now the chances of they announcing a cut to interest rates continues to diminish. As of today, the chances they will cut rates 375-400 basis points is 60.4%. For a 350-375 cut it's even lower, at 39.6%.

Since they made their previous cuts, the mortgage interest rates have gone up, but thankfully, not by much.

Northern NJ Market Update This Week

Bergen County: New listings are down 8%, which is a 3% improvement from last week, while sale prices are up to 11%. That lower inventory is really making prices go up.
Essex County: New inventory continues to climb in Essex, up 18% from the previous year. Meanwhile, home prices are moving closer to breaking the $700,000 mark again, which is a high average for this county even during peak time.
Passaic & Morris Counties: Passaic county is showing higher sale prices even as it gains more inventory YoY. Morris County continues to struggle to find homes for sale but is somehow seeing home prices go up.
Hudson County: For the second report in a row, Hudson county has seen the median sale price of homes drop one more percent from last yaer. I doubt we'd see a significant dip, but it's something to notice.

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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.	2,072,923 (7.4%)	$439,701 (1.2%)
New Jersey	31,707 (9.2%)	$564,400 (5.8%)

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.