Northern NJ Market News

Joseph Charles | NJ Realtor

 

Market Data by County

Data From: 11/03/25 - 11/30/25

NJ

County

New

Listings

Median

Sale Price

*DOM/Days ChangedD

BERGEN

116 (-11%)

$726k (5%)

72 / -3

ESSEX

99 (1%)

$738k (11%)

60 / +34

PASSAIC

50 (-14%)

$629k (10%)

68 / +37

MORRIS

62 (-4%)

$637k (-2%)

29 / +10

HUDSON

94 (9.3%)

$711k (6%)

63 / +15

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

Click here for last week's email

The Federal Reserve Price Cuts and NNJ Market

The Federal Reserve According to the CME FedWatch tool, there is an 87% chance the Feds will cut rates next week. However, it is not likely this will have a direct impact on lowering mortgage interest rates.


Bergen County

New listings dipped again and are now below 2022 levels, which is the lowest it's been since. Median sale prices keep rising.


Essex County

Prices are flying high still. New listings fall 7% from last week as the median sale prices rises another 3%. Another $13,000 increase!


Passaic County

New listings drop below 2024 levels for the second week, having been up two weeks ago by 4%. Median Sale prices remain flat at $629,000 - expensive for this county.


Morris County

New listings fell 4% from last year, going to the lowest since 2022! Meanwhile, prices drop below 2024 levels by -2%.


Hudson County

The median sale price continue to rise as well as new listings.


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.

2,071,935 (7.4%)

$439,846 (1.3%)

New Jersey

31,758 (9.5%)

$564,000 (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

Economists double down on December Fed cut despite policymaker divide: Reuters poll

The U.S. Federal Reserve will reduce its key interest rate by a quarter-percentage point at the December 9-10 policy meeting to support a cooling labour market, according to a majority of over 100 economists surveyed by Reuters.

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.

Facebook      GMB      Instagram      YouTube

Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

X Share This Email
LinkedIn Share This Email

© 2025, Prominent Properties Sotheby's International Realty

670 Main Rd, Towaco, NJ 07082

office: 973-335-5700

Facebook  Twitter  Instagram