Is Bergen County Real Estate Cooling Off? 2026 Market Update

January 16, 2026•3 min read

Bergen County Real Estate Market Overview for 2025–2026

The frenzy of 2021–2022 has certainly evolved, but that does not mean the market is weak. As we enter 2026, data pulled directly from the MLS shows:

Home prices remain strong across most segments
Inventory is still limited
Buyer demand continues to outweigh supply
Days on market remain relatively low
Mortgage rates are trending down

This combination continues to favor sellers—though strategy matters more than ever.

Bergen County Home Prices Remain Strong

Despite higher interest rates over the past two years, Bergen County home prices have not dropped. In fact, sold home prices are up across most towns.

We are also seeing:

Growth in condos and townhomes
A resilient luxury market
Selective price reductions on homes that are overpriced or poorly marketed

The key distinction is this: well-priced, well-marketed homes are still selling quickly and at strong prices.

Days on Market in Bergen County: Speed Still Matters

One of the clearest indicators of market strength is days on market:

Most homes are selling in under 40 days
Well-priced, well-prepared homes often sell in under 30 days
Overpriced homes are sitting 60+ days and chasing the market down

For sellers, speed creates competition—and competition drives price.
For buyers, a home sitting longer than 60 days often signals a pricing or value misalignment, creating negotiation opportunities.

Bergen County Inventory Levels Continue to Be the Pressure Point

Inventory remains the single biggest factor keeping the Bergen County housing market strong.

We are currently sitting at approximately 2.5 months of housing supply, meaning:

If no new homes came on the market, Bergen County would run out of inventory in about two and a half months.

This is not a balanced market. It’s a supply-constrained market that continues to support pricing—especially in towns closest to New York City and those with the easiest commutes.

Why Bergen County Home Prices Haven’t Dropped

Despite elevated interest rates in 2024 and early 2025, prices have held because:

There are more buyers than sellers
Desirable towns remain in extremely short supply
Demand is strongest closest to NYC

As we head into January 2026, mortgage rates are now at their lowest levels in over a year, bringing even more buyers back into the market.

Mortgage Rates, Buyer Power, and Timing the Market

Mortgage rates peaked above 7% in 2023–2024, which slowed activity and caused hesitation. As rates improved:

Buyer confidence returned
Buying power increased
Competition intensified

A 1% drop in interest rates can equal roughly 10% more buying power. This is why homes are now selling at 103–104% of asking price when priced correctly.

Advice for Sellers in the Bergen County Market

Even in a seller-favored market, strategy is critical. Simply putting a sign in the yard and taking poor-quality photos can cost sellers real money.

The biggest mistake sellers make is leaving money on the table by not investing in:

Proper pricing
Strong presentation
A clear marketing strategy

Programs like the Value Up Method help sellers maximize their home’s value—even in a strong market—by focusing on preparation, positioning, and execution.

Advice for Buyers: Don’t Wait Without a Plan

Waiting until spring often means:

More buyers entering the market
More competition
Stronger cash offers
More waived contingencies

Buyers who wait without a strategy often find themselves losing bidding wars. Programs that help buyers compete like cash buyers—even if they need to sell a home first—can be game changers in this environment.