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North Bergen, NJ 07047

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North Bergen, NJ 07047

Wed Dec 18 2024
This week the median list price for North Bergen, NJ 07047 is $415,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 53. Click here to stay informed with the North Bergen 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

North Bergen, NJ 07047

Wed Dec 18 2024
This week the median list price for North Bergen, NJ 07047 is $415,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 53. Click here to stay informed with the North Bergen 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the North Bergen market.
Median List Price $415,000
Median Price of New Listings $388,900
Per Square Foot $458
Average Days on Market 58
Median Days on Market 42
Price Decreased 19%
Price Increased 0%
Relisted 23%
Inventory 53
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$969,000 1,556 - 2 2 24 1 2 42
$569,900 1,083 - 2 2 24 2 0 28
$319,000 850 2.5 - 5 acres 1 1 124 3 3 35
$237,500 602 0 - 4,500 sqft 1 1 104 1 0 45