The Ripple Effect: Is Bergen County’s Housing Market Shifting?
Bergen County Real Estate Market Update: What the Latest Data Is Telling Us
The Bergen County housing market is showing signs of an interesting shift, but is it a temporary ripple or the start of something bigger? In this market update, we’re breaking down what the latest numbers say about home sales, pricing trends, and how buyers and sellers in Northern New Jersey should be thinking strategically right now.
Home Sales in Bergen County: Still Up Year Over Year
According to recent data pulled from Redfin, 2025 home sales in Bergen County have outpaced 2024 by a solid 18% year over year, a clear sign that demand hasn’t disappeared. However, by the end of May, the market started to flatten. That raises a big question: Is demand slowing, or are listings simply down?
Weekly team meetings, buyer sentiment discussions, and open house feedback suggest a mix of factors including market confidence and inventory levels may be playing a role.
Bergen County Home Prices Are Rising — For Now
Despite flat sales activity in early June, the median sale price of homes in Bergen County continues to climb. In fact, we've seen steady increases from January through early May 2025. This growth trend reflects deals made 60–90 days earlier, so we’re looking in the rearview mirror. It’s important to note that today’s sales prices were set during more stable months before some of the current economic uncertainty emerged.
Price Drops and Expired Listings: A Sign of Seller Missteps?
Here’s something worth watching: price reductions and expired listings are on the rise, yet home prices are still climbing. This disconnect suggests some sellers may be pricing too optimistically or testing the market too high and failing. However, motivated sellers who price right are still benefiting from strong buyer competition.
Sale to List Price Ratio in Bergen County: A Competitive Market
In 2025, homes in Bergen County are selling above asking price by as much as 103% of the list price. That’s a major indicator of strong buyer competition and can guide both buyers and sellers.
Sellers should understand: the right list price is key to driving offers.
Buyers should study the sale to list ratio in their price range to avoid overpaying or missing out.
Days on Market: How Long Are Bergen County Homes Taking to Sell?
Another strong market signal: median days on market. This stat reveals how quickly homes are going under contract. If homes are sitting longer, it could point to overpricing or buyer hesitancy. But with most homes still selling quickly, it’s clear that properly priced homes are moving fast.
What Buyers and Sellers in Bergen County Should Do Now
With economic uncertainty, interest rate volatility, and rising list prices, both buyers and sellers must be more strategic than ever. If you’re:
Buying: Work with a local buyer’s agent who understands pricing strategy and market timing.
Selling: Think like a buyer. Study list to sale ratios, and don’t overprice yourself out of the market.
Watching: Follow the data. It’ll guide you in making confident, informed decisions.
Why Bergen County Buyers & Sellers Need a Local Expert
At the Stacy Esser Group, we analyze the data, walk the neighborhoods, and listen to the market every single day. Whether you’re buying, selling, or just curious about your home’s value, we’re here to help you navigate the Northern NJ market with confidence and clarity.
