Buy the Right Home with Equity Mastery
We’ve helped hundreds of buyers find their dream homes and ensure their
long term success in the right home.
Search For Your Dream Home
Not sure where to start? We offer a free complimentary strategy session to build your winning real estate plan! Click here to book your session now!
Newest Luxury Listings Across Bergen County
MOVING TO
BERGEN COUNTY?
GET THE DEFINITE GUIDE
TO NORTHERN NEW JERSEY
Home Buyer Resources for Northern New Jersey
Oradell/Central Bergen County Real Estate Update For February
Oradell & Central Bergen County Real Estate Market Update: February Highlights
Central Bergen County Real Estate Market Update: March 2025
Welcome to this month’s real estate market update for Central Bergen County! Whether you're a homeowner contemplating selling or a potential buyer navigating the market, understanding the current trends is crucial. Let’s dive into the latest statistics and insights that shape our local real estate landscape.
Inventory Challenges and Seller's Market
The question on everyone's mind is, "When will we see more inventory in the market?" Unfortunately, the answer remains elusive. Active listings are down, creating a supply shortage that heavily favors sellers. If you’re considering selling your home, now might be the perfect time to act.
Key Market Insights:
Median Estimated Values: Across all towns in Central Bergen County, median estimated property values have seen significant year-over-year growth. This trend indicates a robust market for sellers.
Months of Supply: The months of inventory available is alarmingly low. For instance, in towns like Oradell and River Edge, we are experiencing an extreme shortage, making it a prime time for sellers to capitalize on increased demand.
Town-by-Town Breakdown
Oradell
Median Sold Price: Up 25.51%
Sold to List Price: Increased by almost 10%
Median Days on Market: Down 23.53%
River Edge
Median Sold Price: Surged by 43.36%
Sold to List Price: Slightly decreased, but still competitive
Median Days on Market: Notably up by 562.5%, warranting further investigation
Emerson
Median Estimated Value: Just shy of $770,000, reflecting a 1.4% increase month-over-month.
New Milford
Months of Inventory: Just under two months, which is higher than other towns.
Median Sold Price: Decreased by nearly 13%, suggesting a unique market condition that may require closer analysis.
Bergenfield
Months of Inventory: Low, indicating strong buyer competition.
Sold to List Price: Increased by 3.25%
Median Days on Market: Up by 49%, suggesting quicker sales despite rising days
Median Sold Price: Increased by 4.55%
Dumont
Sold to List Price: Up by 0.36%
Median Days on Market: Down nearly 35%, indicating faster sales
Median Sold Price: Slightly decreased by over 6.5% month-over-month
What This Means for Sellers
The current market dynamics clearly indicate that we are experiencing a seller's market. With demand outpacing supply, sellers have the upper hand. If you've been contemplating whether now is the right time to sell, the data suggests a resounding "yes."
Maximize Your Home's Value
Spring is traditionally the hottest time for real estate, making it an ideal moment to list your home. If you’re ready to take the next step, I invite you to schedule a strategy session. Together, we can explore how to maximize your home’s value and attract multiple offers above the asking price.
Conclusion
In summary, Central Bergen County's real estate market is thriving, with significant price increases and low inventory levels. Whether you're a seller looking to capitalize on the current market or a buyer hoping to navigate these challenging conditions, having a knowledgeable agent by your side is crucial.
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!
Top 1% of Realty Teams in Bergen County
Client Care: (201) 500-2212
25 Washington Street, Tenafly NJ 07670
Stacy Esser Consulting LLC
Copyright @ 2025