Bergen County Market Update: Why Sellers Are Winning Big!

Central Bergen County Real Estate Market Update: March 2025

As we delve into the real estate market in Central Bergen County, one question looms large: when will we see more inventory hitting the market? Buyers are eager for answers, and the data suggests that the current landscape is ripe for sellers. Let’s break down the latest market trends and what they mean for you.

Impressive Growth in Home Values

The latest figures reveal a significant year-over-year growth in median estimated home values across all towns in Central Bergen County. If you’re considering selling your home, now is an opportune time, as the upward trend in prices has become evident.

Key Highlights:

• Median Prices: The median estimated home value has surged dramatically, reflecting a robust demand in the market.

• Active Listings: Unfortunately, the number of active listings and months of supply are down, intensifying the competition among buyers.

Town-Specific Insights

Oradell

Oradell is witnessing an impressive uptick:

• Median Sold Price: Up by 25.51%

• Days on Market: Down by 23.53%

• Sold to List Price: Increased by nearly 10%

The inventory remains critically low, making it a seller's paradise.

River Edge

River Edge shows contrasting trends:

• Median Sold Price: Up 43.36%

• Days on Market: Surprisingly up by 562.5%, which warrants further investigation.

• Inventory: Also critically low.

Emerson

In Emerson, we see mixed signals:

• Median Estimated Property Value: Just shy of $770,000, up 1.4% month-over-month.

• Year-over-Year Growth: A notable 7.5% increase from the previous year.

However, the lack of substantial data complicates the analysis.

New Milford

New Milford presents a unique case:

• Months of Inventory: Slightly higher at just under two months.

• Median Sold Price: Down by almost 13%, which is unusual in the current market climate.

Bergenfield

Bergenfield continues to perform well:

• Median Sold Price: Up 4.55%

• Days on Market: Increased by 49%, yet the market remains competitive.

Dumont

Dumont mirrors some of the trends in the region:

• Median Sold Price: Down over 6.5% month-over-month.

• Days on Market: Down by almost 35%, indicating a fast-paced market.

Conclusion: A Seller’s Market

The data clearly indicates that we are in a seller's market, driven by high demand and low supply. If you’ve been contemplating selling your home, now is the time to act. Spring is historically the hottest season for real estate, and with the right strategy, you could maximize the value of your home and attract multiple offers.

Ready to Sell?

If you're curious about how to navigate this dynamic market, I invite you to click the link below to schedule a strategy session. Together, we can explore ways to enhance your property’s value and ensure a successful sale. Don’t miss out on the opportunity to capitalize on this thriving market!