Northern NJ Market News

Joseph Charles | NJ Realtor

-Henry Van Dyke

As we head into Thanksgiving, I want to take a moment to share that I’m thankful for my family, my friends, and anyone who puts their trust in me, whether it’s for advice, business, or anything else. It means a lot, and I never take it lightly.

I hope you all enjoy the holiday, find some time to relax, and spend it with the people who matter most.

Happy Thanksgiving!

-Joe Charles

JUST LISTED HOMES

JUST LISTED CONDOS

Market Data by County

Data From: 10/27/25 - 11/23/25

NJ County	New Listings	Median Sale Price	*DOM/Days ChangedD
BERGEN	143 (-11%)	$758k (12%)	72 / -0
ESSEX	124 (8%)	$725k (10%)	59 / +35
PASSAIC	60 (-7%)	$629k (9%)	66 / +34
MORRIS	74 (-10%)	$658k (0%)	29 / +10
HUDSON	106 (4%)	$716k (5%)	60 / +16

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

Click here for last week's email

Quick Thanksgiving Market Notes

Mortgage Applications have Increased this week despite rates jumping slightly higher. Unfortunately, here in Northern NJ, inventory is still too low.

Bergen County

New listings dipped to -11% but prices remained steady, up just 1% from last week. Bergen continues to take the longest for homes to sell.

Essex County

Prices are flying high. New listings are up 8% and the median price rose 10%, an increase of $41,000!

Passaic County

New listings have plummeted, having been up +4% last week, now down 7% from last year. Home sales remained relatively flat.

Morris County

New listings fell 10%, a 5% improvement from last week. Meanwhile, prices remained the same from last year. Morris is the fastest moving county.

Hudson County

The median sale price shot well above 2024 levels, up 5% from being down -2% last week. New listings are up 4%.

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.	2,072,923 (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.

Northern NJ Homes For Sale by County

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Union County

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 21, 2025.

What to cook this Thanksgiving

New Jersey's Most Festive Christmas Attractions: A Bucket List Guide - NJ Family

Whether you're looking for classic nostalgia or over-the-top decor, these Christmas attractions in New Jersey deserve a spot on your holiday bucket list.

Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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office: 973-335-5700