NJ Real Estate Market: Bergen & Passaic Update in 2025
Stacy Esser Group June 15, 2025
Stacy Esser Group June 15, 2025
Bergen County & Passaic County NJ Real Estate Market Update: Is the Seller's Market Cooling Off?
The question on everyone’s mind: Is Bergen County and Passaic County real estate finally shifting? With rising equity, increasing inventory, and mortgage rates adjusting, there are signs of movement in what has been a strong seller’s market. Whether you're a buyer or seller, understanding these trends is crucial before making your next move.
Over the past few months, homeowners in Hackensack and Teaneck NJ have begun taking advantage of strong equity positions, resulting in more homes hitting the market. While inventory levels are still under 3 months of supply, technically a seller's market, these increases may signal an early transition toward a more balanced market.
Hackensack, NJ: Inventory rising to 2.67 months of supply
Teaneck, NJ: Median values surpassing $700,000, with increasing supply
This subtle inventory uptick gives buyers a bit more leverage while still keeping sellers in a favorable position.
Wayne, NJ remains one of the hottest real estate markets in Southern Passaic County:
Average sale price now exceeds $825,000
Prices up over 12% year-over-year
Homes selling 6.5% over list price on average
The combination of strong buyer demand and limited supply continues to drive prices higher in Wayne.
Other neighboring towns like Hawthorne, Clifton, and Fair Lawn NJ are also holding strong. Many still report inventory levels under 2 months of supply, keeping competition high and prices elevated.
Despite small increases in inventory, these communities remain solidly in seller’s market territory for now.
Nationwide, homeowners are sitting on a record-breaking $17 trillion in equity. Of that, $11.5 trillion is accessible for those considering refinancing, remodeling, or selling.
For NJ homeowners, this surge in equity presents huge opportunities:
Use equity to fund home renovations
Relocate while maximizing profits
Cash out before the market potentially shifts
Sellers in Bergen and Passaic County NJ should act strategically, ensuring homes are well-maintained and priced accurately to outperform the competition.
With national mortgage rates hovering around 6.85%, some buyers remain hesitant. However, inventory increases give buyers more negotiating room, especially moving into summer and fall 2025.
For renters still waiting: now is the time to act. Rising home prices and equity gains suggest waiting could price some buyers out of the market entirely.
Whether you're looking to unlock equity or secure your first home in Bergen or Passaic County NJ, success now depends on having the right strategy.
Stage, price, and market your home correctly to maximize your return.
Take advantage of rising inventory and negotiate from a position of strength.
Not sure how these changes impact your specific town or situation? I’m here to help. Call or text me at 973-662-4913 for a personalized consultation. Whether you're buying, selling, or investing in NJ real estate, I’ll create a plan tailored just for you.
Stay up to date on the latest real estate trends.
That’s the foundation of our Buyer Upside Method™. Because the goal isn’t just to buy a home
If you are considering a move, or simply want clarity on where you stand, start with a real strategy.
The Buyers Who Are Winning Right Now Aren’t Just Looking for A House They Love.
Tenafly is known for its tight-knit community, walkable downtown, and vibrant suburban energy.
An inherited home deserves more than a sign in the yard. It deserves positioning.
Luxury homes in Tenafly hold serious value. But holding on too long can eat into that equity.
Especially when paired with Tenafly’s highly ranked schools and proximity to NYC.
Another reason this trend stands out is the variety of neighborhoods within Tenafly itself.
The Oradell real estate market is one of the strongest in Central Bergen County right now.
SEG is a high performing Bergen County luxury real estate team that blends relationship driven service, cutting edge marketing, and strategic negotiation to consistently outperform traditional agents.
