Market Data by County

(No Change) Data From 03/04/24 - 03/31/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	172 (-15%)	$685k (13%)	74 / -9
ESSEX	135 (-4%)	$566k (9%)	40 / -10
PASSAIC	74 (-6%)	$527k (10%)	42 / -14
MORRIS	104 (-6%)	$642k (16%)	16 / -5
HUDSON	115 (-15%)	$663k (10%)	49 / -22

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

INTEREST RATES AND HOME PRICES

The latest data still hasn't been updated, but here's a run down about rates and prices from

Interest Rates have surpassed 7.4% according to Mortgage News Daily. However, this has not affected home prices as the data shows prices have gone up 5% in the last four weeks.

As long as inventory remains low, we will continue to see prices steadily go up. Another interesting point is that even if rates go down, prices will remain stable or still rise for a while, in my opinion. The reason being, there are many homeowners who want to replace their homes, which will zero out most new inventory. Then, add all of the first-time buyers on the sidelines and those who have been losing out for months or years to higher offers.

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Today's Mortgage Rates

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.

Essex County Just Listed

Right now there are only 84 NEW single family and condo homes for sale in all of Essex. Be sure to look up "reduced" prices for better deals, if you click the link.

Essex County, named after the English county of Essex, was established in 1682. Since then, it has become a diverse place to live, offering easy access to transportation through Penn Station, Newark Airport, and train stations that are convenient to all residents. Additionally, the county boasts many entertainment options, including NJPAC, a zoo, museums, and parks, ensuring there's always something fun to do.

See Bergen County Homes Here

My Favorite Restaurant Of The Month

Lombardi's Bar & Restaurant

The fact that they have entree's from "Down Neck" is fantastic to me. If you're familiar with that term describing a section of Newark, you know what this means! Also, fantastic pizza!

"Since 2002, Lombardi’s Bar & Restaurant has been serving Essex County with great food, drinks and entertainment. We always strive for perfection in our food and service."