Market Data by County

(Updated) Data From 03/25/24 - 04/21/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	201 (-4%)	$688k (16%)	67 / -6
ESSEX	140 (-6%)	$592k (7%)	35 / -9
PASSAIC	75 (9%)	$544k (10%)	41 / -17
MORRIS	108 (-13%)	$638k (16%)	16 / -2
HUDSON	135 (-9%)	$619k (1%)	38 / -23

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

National Inventory Up, NJ Down Causing Prices To Rise

The number of homes for sale nationally are up 14%, but here in New Jersey, our inventory is down by -11% (year over year). If you've been looking to buy, I'm sure you noticed this personally.

As a result, home prices in our state have risen by 12%, and homes are selling at around 4% over asking price. You can see this reflected in the more accurate data I provide in the county table above. Only Hudson County took a significant drop compared to previous data I've shared (click below). No doubt that will go right back up in the next report.

I'd like to point out that Essex County is about to break $600,000, Passaic is in the mid-$500's and Bergen is again knocking on the $700,000 door. If inventory stays low, it's likely these numbers won't come down.

> Click here for last week's email & market data <

If you have any questions on a property or town in NJ,

call me anytime.

All Northern NJ Homes For Sale!

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Search All

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.

Passaic County Just Listed

Right now there are only 60 NEW single family and condo homes for sale in Passaic. Be sure to look up "reduced" prices for more affordable properties.

Passaic County received its name from the Passaic River, which is believed to have Native American origins, possibly derived from a Lenape word meaning "valley" or "place where the land splits." Its proximity to NYC and lower density provide a few reasons people are drawn to this part of NJ.

See Passaic County Homes Here

Weekend Plans This Summer

Mystic Connecticut

Someone asked the other day for advice on where to go for a nice weekend away. One of my votes would be Mystic Ct. There are many attractions for any family or group of friends to enjoy and it's only about a 2 hr 30 m drive. There are wineries, fishing, boating, great restaurants, casinos and more!

You must check out the Oyster Club! One of my favorite places to eat.