Market Data by County

Data From: 07/28/25 - 08/24/25

NJ County	New Listings	Median Sale Price	*DOM (YoY)
BERGEN	172 (0%)	$803k (10%)	75 / 5
ESSEX	123 (-1%)	$723k (5%)	56 / 33
PASSAIC	89 (12%)	$635k (13%)	64 / 33
MORRIS	105 (11%)	$695k (2%)	22 / 5
HUDSON	118 (-5%)	$665k (-1%)	55 / 18

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

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Real Estate Market Snapshot

Northern NJ Highlights

The biggest changes this week are in Passaic and Hudson Counties. Passaic is leading the way, with inventory up 12% and median sale prices climbing 13% to $635,000. This makes it the strongest performer across Northern New Jersey, even though homes there are sitting on the market for 64 days. Bergen and Hudson typically have the longest DOMs due to higher asking prices and density.

Hudson is showing the opposite trend. New listings are down 5%, and median sale prices dropped sharply from $739,000 to $665,000 in July. That kind of swing is notable but I noticed the same trend happened around the same time last year, just not as steep.

Morris County also saw an 11% rise in inventory, but prices barely moved, up just 2%. Still, it remains the fastest-moving market with homes selling in just 22 days compared to well over a month every where else.

Mortgage Interest Rates

We are seeing 2025 lows (scroll down) so we should see quite a busy Fall real estate market with more homes for sale and more buyers.

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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.	2,121,830 (12.0%)	$443,141 (1.1%)
New Jersey	32,797 (11.0%)	$580,500 (4.0%)

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 and refinance interest rates today, August 28, 2025: A slow trend downward

These are today's mortgage and refinance interest rates. The 30-year and 15-year fixed rates slipped lower again today, if only fractionally. Lock in your rate today.