Inventory Crisis + Rising Prices? Bergen County’s Latest Numbers Explained!

This month’s Central Bergen County Real Estate Market Update brings strong appreciation, tight inventory, and major movement in towns like Hackensack, Oradell, River Edge, and Bloomingdale. Whether you’re a buyer, seller, or simply tracking the market, these numbers tell an important story about where the Bergen County housing market is headed.

Let’s break it all down.

Year-Over-Year Home Value Growth in Bergen County Remains Strong

The Bergen County real estate market continues trending upward, with several towns showing impressive appreciation:

Oradell Real Estate Update (Up 11.2% YoY)

Oradell remains one of the strongest performers:

• +11.2% year-over-year home value growth

• Median estimated home value: $1,015,000

• Extremely low inventory

River Edge Housing Market (Up 11.5% YoY)

River Edge continues its consistent climb:

• +11.5% YoY value growth

• Median values approaching $845,310

• One of the most stable markets in the region

Emerson, NJ Housing Market (Strong Growth)

• Median value just under $791,110

• Solid appreciation despite slower gains than Oradell & River Edge

New Milford, NJ Homes (Up 3.5% YoY)

• Median value: $708,960

• Continued moderate appreciation

Bergenfield Real Estate (Down 4.4% YoY)

The only town showing a drop:

• –4.4% YoY

• Still selling over asking despite the decline

• Median value: $644,030

Dumont, NJ Real Estate (Up 8.3% YoY)

• Median value: $688,600

• Consistent, reliable appreciation

Inventory Snapshot: Homes Selling Fast & Supply Staying Tight

One of the clearest trends this month is extremely low inventory—especially in higher-demand towns.

Oradell: Almost Zero Inventory

Homes in Oradell move fast.

• Homes selling at 104.6% of list price

• 16 median days on market

• A classic “blink and it’s gone” inventory level

River Edge: Consistent & Competitive

• Just under 1 month of inventory

• Selling over asking

• 14 days on market

• Median sold price: just under $1M

New Milford: Slightly Higher Supply

• Inventory slightly above 1 month

• Still selling above asking

• Days on market trending upward

• A great option for buyers wanting more choices

Bergenfield: Balanced but Tight

• About 1 month of supply

• Still selling above asking

• Median days on market: 28

Dumont: Stable with Slight Cooling

• Selling slightly under asking

• 26 days on market

• Median sold price: $649,500

While not as hot as other towns, Dumont remains a highly desirable and budget-friendly option.

Top Appreciation Towns to Watch in Bergen County

One of the biggest highlights this month is the surge in appreciation in several Bergen County and surrounding towns. The chart includes towns like Montclair, Mahwah, Montvale, Paramus, and more—but two stand out dramatically:

Hackensack Real Estate Appreciation (Up Nearly 40%)

Hackensack is undergoing a major transformation:

• Massive appreciation

• Rising price points

• Growing competition among buyers

• Increasingly difficult to get into

This is one of the biggest growth stories in North Jersey right now.

Bloomingdale, NJ Real Estate (Up 14–15%)

Another town making noise:

• Strong month-over-month surge

• Historically quiet but now gaining momentum

• Increasing demand from buyers seeking more value

What This Means for Buyers

• Be prepared to act quickly, especially in Oradell, River Edge, and Hackensack.

• Homes selling over asking means you must be competitive.

• Work with an agent who can help you identify towns with growing inventory, like New Milford or Dumont.

• Consider emerging appreciation hotspots—early buyers benefit the most.

What This Means for Sellers

• High demand + low inventory = excellent selling conditions.

• Oradell & River Edge sellers can expect strong offers and fast closings.

• Pricing correctly is essential, even in a seller’s market—buyers are informed and selective.

• Towns with lower appreciation, like Bergenfield or Dumont, still attract strong buyer pools when priced strategically.

Looking for a Market Update for Your Town?

If your town wasn’t covered and you want a personalized Bergen County home value report, I’m always happy to walk you through your neighborhood’s trends and help you plan ahead.