Is Bergen County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Bergen County was a Seller's Market.
Key Takeaway
Bergen County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bergen County, NJ
How much do homes in Bergen County, NJ cost?
Median Sold Price
$660,027
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bergen County have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Bergen County was $660,027 in June 2024, up 11.8% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $272.5K | +9.0% |
| 2 Bedrooms | $409.5K | $467K | +14.0% |
| 3 Bedrooms | $559.5K | $620K | +10.8% |
| 4 Bedrooms | $701.7K | $751K | +7.0% |
| 5+ Bedrooms | $943.3K | $1.1M | +19.3% |
Summary: Bergen County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Counties
| Essex County | $550.5K | $617.2K | +12.1% |
| Bergen County | $590.2K | $660K | +11.8% |
| Passaic County | $457.5K | $511.2K | +11.7% |
| Bronx County | $566.5K | $579.2K | +2.2% |
Housing Supply in Bergen County, NJ
How many homes are available in Bergen County, NJ?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,045 | 1,748 | +67.3% |
Summary: The Bergen County real estate market had 1,748 homes for sale in June 2024, a 67.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 112 | +89.8% |
| 2 Bedrooms | 124 | 215 | +73.4% |
| 3 Bedrooms | 305 | 485 | +59.0% |
| 4 Bedrooms | 253 | 455 | +79.8% |
| 5+ Bedrooms | 304 | 481 | +58.2% |
Summary: The Bergen County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 89.8%, 2 bedroom homes increased by 73.4%, 3 bedroom homes increased by 59%, 4 bedroom homes increased by 79.8%, and 5+ bedroom homes increased by 58.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 100 | 94 | -6.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
77 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bergen County, you could pay more than the asking price. 81.9% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Bergen County in June 2024, down by 6.0% month-over-month. Of the 94 sold homes, 11% were sold under asking, 7% were sold at asking, and 82% were sold over asking.
Days on Market for Bergen County, NJ
How long does it take to sell a home in Bergen County, NJ?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 7 Days | -6.7% |
Summary: Homes in Bergen County had an average of 7 days on market in Jun 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bergen County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 94 homes were sold in Bergen County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.