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North Bergen, NJ 07047

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North Bergen, NJ 07047

Fri Apr 26 2024
This week the median list price for North Bergen, NJ 07047 is $669,500 with the market action index hovering around 48. This is less than last month's market action index of 52. 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.

Strong Seller's Market

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

Fri Apr 26 2024
This week the median list price for North Bergen, NJ 07047 is $669,500 with the market action index hovering around 48. This is less than last month's market action index of 52. 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.

Strong Seller's Market

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 $394,450
Per Square Foot $366
Average Days on Market 72
Median Days on Market 18
Price Decreased 4%
Price Increased 4%
Relisted 4%
Inventory 26
Median Rent
Market Action 48
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,272,500 0 - 2 2.3 NaN 0 0 21
$1,092,500 2,127 - 2 2 33 0 0 14
$529,000 1,241 0 - 4,500 sqft 2 2 26 1 0 14
$275,000 688 0 - 4,500 sqft 2 1 95 3 2 49