Market Data by County

Data From: 03/24/25 - 04/20/25

NJ County	New Listings	Median Sale Price	Days On Market/YoY
BERGEN	178 (-8%)	$746k (11%)	68 / -1
ESSEX	149 (0%)	$664k (13%)	39 / +3
PASSAIC	72 (-1%)	$573k (4%)	36 / -7
MORRIS	112 (-5%)	$658k (3%)	21 / +4
HUDSON	149 (6%)	$705k (11%)	45 / +5

*ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN

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Northern NJ Market Review

Well, I spoke too soon from last weeks article. It looks like the volatility from the market did affect one thing, new listings. At least that's how the data lines up. I'll save you from clicking on last weeks email by showing the difference below.

Bergen County lost -11% inventory
Essex County lost -8% inventory
Passaic County lost -1% inventory
Morris County lost -13% inventory
Hudson County lost -19% inventory

Why did this happen? This could be due to any combination of spring break, the Easter weekend, the uncertainty of the market that caused big losses to the stock market, or mortgage rates at nearly 7%. What I do notice is that at the same time last year, inventory spiked as the opposite is occurring now. See chart below

The bright side is I have seen an uptick in new listings since Monday, so maybe this was just a brief hesitation from sellers as the stock market has had a 3 day streak of gains. Home sale prices have still continued to rise, regardless of inventory or interest rates.

For more insight on this topic, I'd be happy to chat with you.

Orange is 2024 and Blue is 2025.

This is the same trend for all counties, which is likely why the data reflects a high percentage drop.

Comparing the U.S. Market to New Jersey

(year-over-year)

U.S. vs New Jersey	# of Homes For Sale	Median Sale Price
U.S.	1,810,627 (10.3%)	$431,078 (2.5%)
New Jersey	22,117 (-0.47%)	$520,700 (9.2%)

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

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