June 2025 Real Estate Market Report: Southern Passaic & Bergen County

As we dive into the June 2025 market report for Southern Passaic and Bergen County, there are clear signs that a shift is underway in the local real estate landscape. Whether you're a homeowner considering selling or a buyer looking for opportunity, these changes bring new strategies to the forefront. Let’s take a closer look.

Months of Supply Rising Across Bergen & Passaic County

For most of 2025, inventory levels remained historically low, with less than one month of supply. But in June, we began to see that shift, with some towns reaching a 3-month supply. Why does this matter?

• A 3 month supply resembles the more balanced, pre-covid real estate market.

• More homes are coming to market, giving buyers more choices.

• Homes are taking longer to sell, which benefits well-prepared buyers.

Southern Bergen County Home Prices Still on the Rise

Even with rising supply, home values continue to climb in many areas. In particular:

• Teaneck saw a 14%+ increase in median estimated home value in June.

• Hackensack also showed significant growth.

• The sale-to-list price ratios are above 100%, meaning homes are still selling for more than asking in many neighborhoods.

Sellers: This is still your market—if you're strategic.

Sellers: Prepare Your Home or Risk Being Left Behind

While prices are strong, the rise in inventory and days on market means competition is heating up. Poorly prepared or overpriced homes are falling flat. Expired listings are increasing for one of two reasons:

1. The home is overpriced.

2. The condition doesn't meet buyer expectations—or both.

If you're thinking about listing your home, our "Value-Up Method" is now more crucial than ever. We'll help you:

• Strategically prepare your home.

• Maximize its visual and market appeal.

• Set a price that reflects current buyer behavior.

Schedule a free consultation to discover what small changes can lead to big value.

Buyers: Opportunity is Knocking with Better Rates & More Listings

Buyers, there’s some relief on the horizon:

• More homes are on the market.

• Properties are staying listed longer—giving you time to act.

• Mortgage rates are dropping—dipping just under 6% in early July for well-qualified borrowers.

This combo means better affordability and selection. But success still favors the prepared:

✅ Get pre-approved
✅ Have your down payment ready
✅ Partner with an experienced local realtor
✅ Know your home inspector, attorney, and lender in advance

Whether Buying or Selling in Bergen or Passaic—Strategy is Key

This market requires smart moves, not guesswork.

• Home sellers: It’s time to polish, stage, and price right.

• Home buyers: With more choices and improving rates, this could be your moment.

Need help navigating this shift? Strategy sessions are always complimentary. Whether you're in Teaneck, Hackensack, Clifton, or anywhere in Southern Bergen or Passaic, I’m here to help guide you through it.