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Northern NJ Real Estate: Why Homes Are Selling Fast in 2025?
Bergen County Real Estate Market Update 2025: Prices Up, Inventory Down
Welcome to the latest update on the Northern New Jersey real estate market. Whether you’re looking to buy, sell, invest, or simply stay informed, here’s your deep dive into what’s driving real estate trends across Bergen County in 2025.
Homes Sold in Bergen County: 2025 vs. 2024
So far in 2025, home sales in Bergen County are nearly identical to last year—just 2.1% more than in 2024. This slight increase shows stability in the number of homes changing hands despite economic uncertainties like mortgage rates, inflation, and national financial shifts.
Median Home Prices Are Up 8% Year Over Year
One of the most significant takeaways? Median sold prices in Northern New Jersey are up 8% compared to this time in 2024. After a short dip, the market rebounded quickly as buyers jumped back in. The trend is clear: when consumer confidence returns, prices follow.
Key Insight: "Marry the house, date the mortgage." Waiting too long could mean returning to a more competitive, more expensive market.
Bergen County Listing Prices Continue to Rise
Median listing prices in Bergen County are also up 8% year over year, currently sitting at $753,000. This signals continued strength in the market and suggests that home values are holding firm—even rising—despite broader economic pressures.
Months of Inventory: Supply Is Low, Demand Is High
If you’re watching for signals about where the market is heading, months of supply is your metric. In 2025, we've seen consistently lower inventory than 2024, pointing to strong demand and limited housing stock. That imbalance means competition remains high among buyers.
Why Price Drops Don’t Mean a Crash
Yes, there have been more price drops—especially among luxury home listings in Bergen County. But that doesn’t necessarily mean a market decline. Often, these are aspirational sellers who will only sell if they hit their desired number. The majority of homes are still selling at or above asking price, particularly in the non-luxury segment.
New Construction vs. Resale Market in Northern New Jersey
As new construction costs in Bergen County rise, so do resale home prices. With a shortage of land and high material costs, we can’t build our way out of this inventory crisis. That drives up competition and pricing in the existing home market.
Updated, Move-In Ready Homes Are Winning
Buyers today want turnkey homes. If your home is updated, clean, and well-marketed, you will stand out and sell quickly. And if you’re planning to sell later but want to increase your value now, ask about our Value Up Program—a free strategy session to identify the best upgrades for ROI, even if you’re not selling soon.
Should You Sell in Bergen County Now?
If you're sitting on equity and considering an upgrade, now is the time to trade up. You can use the equity from your current home to offset higher mortgage rates and enjoy the long-term benefits of rising property values.
Who’s Driving the Demand in North Jersey?
Renters transitioning to buyers
Aging homeowners choosing to age in place
Buyers from New York City, Edgewater, and Cliffside Park
Locals looking to upgrade within Bergen County
Less migration to NYC or Florida, keeping local demand strong
Final Word: Northern NJ Real Estate is Strong in 2025
With rising prices, low inventory, and high buyer demand, the Northern New Jersey housing market—especially in Bergen County—remains resilient and full of opportunity. If you’re thinking of buying, selling, or upgrading, now’s the time to act strategically.
Our 6 Step Buyers Process
Beginning your home search can be an overwhelming and daunting task. Because of that, our team makes sure that you, and all other potential buyers, understand each of the 8 steps that we take to make the process as easy and painless as possible. By the end of your search, with our support and guidance, you will live happily ever after in your new, dream home.
Financially Map Out Your Success
Our agents get to know you — Need to move for a job? Want a shorter commute? Getting married? Having a baby? Need to upgrade or downsize? At this stage in the process, we’ll send you notifications about the listings that you’re most likely to be excited about. Be sure to let us know if one (or more) jumps out at you so that we can skip to the next step and schedule a viewing. be there for you every step of the way.
Success for each person looks different. A growing family or new empty-nesters have different needs. Our goal is to map out your goals financially to get a good understanding of what you need in a home but also what makes the most sense for your specific situation - both from a time and money perspective.
Buyer Matching & Office Exclusives
We’ll introduce you to our mortgage partner, who can help you determine your buying price range with confidence. Be prepared to dig into paperwork during this part of the process such as pay stubs, W2’s, and tax returns. The lender will do a full review and then tell you what you will be able to borrow in order to purchase a home. This is a vital step in the home buying process!
During this process, we will be sending you some listings to evaluate and provide us with feedback. This helps us to understand, update and revise your criteria and preferences. Our agents are always super involved in the community so they can provide you with tons of information about the areas you are interested in. We will also use this information to setup notifications of listings to you and evaluate any office exclusives (homes that are not yet listed in the MLS) so you are the first to see the property.
Let the Showings Begin
Here’s where the buying process gets really fun! We’ll attend open houses together and schedule viewings of the homes that you’ve loved from our listing alerts. Many of our clients prefer us to consolidate to one day of searching or have specific times that work for them. We handle all the coordination so you just have to show up! We’ll talk about how the budget will work and make sure that we find you the perfect home.
Strategic Negotiations
When you’re ready to make an offer, your agent will present a written offer to the seller. We also present your offer using video to help make a bigger impact and showcase our commitment to the sale of the home. And while everyone loves getting their offer accepted right away, the seller could come back to us with a counteroffer, or reject your initial offer all together. We’re happy to walk you through each of these possibilities and exactly how to handle them. Once the offer is accepted, it’s time to get your financing in order and move forward to the next step!
Prep for Close
The sellers accepted your offer, and the home is going through appraisal and inspection. The appraisal guarantees that the price of the property matches the condition of the property while the inspection makes sure that everything in the home is functioning properly and there are no major issues inside. These are the last steps before the shiny keys to your home are placed in your hand... for good!
Segue to Your Next Chapter
Get excited because it’s time to close on your home! This process includes going through all of the final paperwork and signing your name (a lot!). Don't forget to bring all of the paperwork you’ve collected along the way and your down payment.
But we know it doesn't stop here. You likely have a lot to coordinate, movers, painters, handymen etc. We will help you to SEGue into your next chapter seamlessly. Even make some introductions to some neighbors! You can count on us!
Ready to find your dream home?
Let us help you make that happen!
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82 N. Summit Street, Tenafly NJ 07670
Stacy Esser Consulting LLC
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