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North Bergen, NJ 07047

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North Bergen, NJ 07047

Wed May 08 2024
This week the median list price for North Bergen, NJ 07047 is $669,500 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 26. 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 appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

North Bergen, NJ 07047

Wed May 08 2024
This week the median list price for North Bergen, NJ 07047 is $669,500 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 26. 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 appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the North Bergen market.
Median List Price $669,500
Median Price of New Listings $0
Per Square Foot $425
Average Days on Market 82
Median Days on Market 21
Price Decreased 8%
Price Increased 4%
Relisted 4%
Inventory 26
Median Rent
Market Action 43
Slight Seller's Advantage

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$1,237,500 3,566 - 2 2.3 NaN 0 0 126
$1,024,500 1,550 - 2 2 17 0 0 21
$559,000 1,241 0 - 4,500 sqft 2 2 26 0 0 21
$275,000 622 0 - 4,500 sqft 1 1 91 0 0 14