Single-Family Homes
Sat Jun 10 2023
This week the median list price for Bergen County, NJ is $889,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 749.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $889,000 | |
Median Price of New Listings | $749,499 | |
Per Square Foot | $406 | |
Average Days on Market | 94 | |
Median Days on Market | 28 | |
Price Decreased | 14% | |
Price Increased | 2% | |
Relisted | 19% | |
Inventory | 749 | |
Median Rent | ||
Market Action | 51 | |
Strong Seller's Market |
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,696,500 | 4,594 | 1 - 2.5 acres | 6 | 6 | 58 | 10 | 17 | 77 |
$1,199,000 | 2,666 | 0.25 - 0.5 acre | 4 | 3.5 | 68 | 22 | 34 | 28 |
$725,000 | 1,928 | 8,000 - 10,000 sqft | 4 | 2.5 | 73 | 23 | 41 | 21 |
$519,000 | 1,435 | 4,500 - 6,500 sqft | 3 | 2 | 78 | 29 | 46 | 14 |