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Cliffside Park, NJ 07010

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Cliffside Park, NJ 07010

Wed Dec 18 2024
This week the median list price for Cliffside Park, NJ 07010 is $575,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 45. Click here to stay informed with the Cliffside Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cliffside Park, NJ 07010

Wed Dec 18 2024
This week the median list price for Cliffside Park, NJ 07010 is $575,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 45. Click here to stay informed with the Cliffside Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cliffside Park market.
Median List Price $575,000
Median Price of New Listings $462,500
Per Square Foot $414
Average Days on Market 91
Median Days on Market 77
Price Decreased 16%
Price Increased 2%
Relisted 18%
Inventory 45
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,188,000 0 - 3 3.5 34 0 2 105
$868,000 1,284 - 2 2.5 34 0 2 77
$539,000 1,188 5 - 10 acres 2 2 44 1 1 84
$399,500 1,324 - 1 1.3 51 1 0 28