Oradell/Central Bergen County -January 2025 Market Update
Stacy Esser Group January 20, 2025
Stacy Esser Group January 20, 2025
Central Bergen County Real Estate Market Update – 2025
e: Homes are selling for over the asking price
Median Days on Market: Approximately 11 days, down nearly 22% month-over-month
Median Sold Price: $705,000
It’s important to note that while the median sold price reflects recent transactions, the year-over-year growth for River Edge sits closer to $755,000, showcasing a positive trend in the market.
As we look forward in 2025, the future of the market is always uncertain, but the current trends suggest that we will continue to see a robust market environment. Many potential buyers are asking whether now is the right time to jump back in. My advice? You buy high, you sell high.
After a spike in interest rates reaching 8% in 2023, we’ve seen a dip to around 6% in 2024, which has encouraged buyers to re-enter the market. Currently, rates are around 7%. Remember, the mantra is “marry the house, date the rate.” While refinancing is always an option down the road, the priority should be finding the home of your dreams now.
If you’re considering selling, I’m here to help you maximize your home’s value. Simple improvements like decluttering, fresh paint, and enhancing curb appeal can significantly impact your property's marketability. Let’s set up a strategy appointment to discuss how we can elevate your home’s value.
If you're interested in a consultation, click the link below, and we can work together to get the most out of your property.
Next month, we’ll be diving into Emerson to uncover the latest market trends there. Stay tuned for more insights, and see you next month!
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.
