2025 Market Trends for Single-Family Homes in Eastern Bergen County: Insights You Can't Miss!

Welcome to our latest market update! I’m Julia Dito with the Stacy Esser Group at Keller Williams Town Life, here to share crucial insights into the current state of the single-family home market in Eastern Bergen County. Whether you're contemplating buying or selling, understanding these trends can significantly impact your decision-making process. Let’s dive into the latest numbers!

Market Snapshot:

Haworth:

The real estate market in Haworth is incredibly tight, with the median estimated home value just over $1 million. This reflects a 4% year-over-year growth. With only five active listings available, there's just 1.52 months of supply, indicating strong demand and quick sales.

Crestkill:

Crestkill offers a median home value of $976,570, marking a 5% increase from last year. The market here has more options with 25 active listings and 3.77 months of supply. This could be a promising town for buyers looking for more inventory.

Closter:

In Closter, the median home value stands at $1,653,000, showing a 3.5% growth. With 13 active listings and about 1.59 months of inventory, buyers will find a competitive landscape but still some options.

Demarest:

Demarest is shining with a remarkable 9.7% growth, where homes have a median value of $1.42 million. With only seven active listings and 1.5 months of supply, this area is also very competitive for buyers.

Tenafly:

Tenafly is experiencing the highest year-over-year growth at 12.8%, with a median estimated home value of $1.3 million. The market is particularly challenging for buyers, with just seven active listings and only 0.71 months of supply.

Understanding Months of Supply:

The months of supply metric is crucial in interpreting the market dynamics. It indicates how quickly homes are selling. For instance, in Haworth, with 1.52 months of supply, homes are moving swiftly. In contrast, Crestkill’s 3.77 months offers slightly more breathing room for buyers.

As we've seen across Eastern Bergen County, the demand for single-family homes is high, and the inventory is moving quickly. If you have any questions about your specific town or are curious about the numbers relevant to your home, don't hesitate to reach out. Understanding these trends is vital for making informed real estate decisions. Stay tuned for my next market update, and take care!

For personalized advice or to discuss your real estate goals, feel free to contact me. I’m here to help you navigate this competitive market!