What Buyers and Sellers Should Know About Bergen County’s Housing Market
If you're considering buying or selling a home in Bergen County, you're likely wondering:
Is now the right time? The real estate landscape here has seen notable shifts in recent months, and both buyers and sellers need to be well-informed to make confident decisions.
From median home prices to inventory levels, days on market, and sale-to-list ratios, Bergen County’s housing market offers key indicators that shed light on local trends. Whether you’re upgrading, downsizing, or entering the market for the first time, this article will help you understand the current climate—and how to navigate it effectively.
Understanding the Local Landscape
Bergen County remains one of New Jersey’s most desirable places to live. With its mix of charming suburban towns, excellent schools, access to New York City, and strong community feel, the county continues to attract interest from both in-state and out-of-state buyers.
However, with shifting economic conditions, evolving buyer behavior, and tighter inventory, the market today is a different story than it was just a few years ago. Let’s take a look at the key data points driving today’s market.
Median Home Prices in Bergen County
One of the most watched indicators in real estate is median sale price—and Bergen County has seen steady appreciation.
- As of the latest data, the median home price in Bergen County is around $715,000, marking a modest increase from the previous year.
- Certain towns like Ridgewood, Tenafly, and Franklin Lakes have even higher medians due to their prestige and demand.
Prices remain
strong but not overinflated, which suggests a balanced level of growth rather than an unsustainable spike.
What this means for buyers: If you're waiting for a price drop, don’t count on a major decline anytime soon. Prices may level out, but demand keeps values high.
For sellers: You’re likely to retain solid equity gains, especially if you’ve owned your home for a few years.
Inventory Levels: Still Tight, But Improving
Inventory—measured as the number of homes available for sale—is a key indicator of market health. For the past few years, Bergen County has been in a low-inventory cycle, which has fueled competition and driven up home values.
Currently:
- Inventory has increased slightly, with some months seeing a 7–10% rise in listings compared to the same period last year.
- However, this is still below pre-pandemic levels, meaning competition remains, especially for move-in-ready homes.
For buyers: Be prepared to act quickly and get pre-approved. Desirable homes are still moving fast, particularly in the $600K–$900K range.
For sellers: More listings mean more competition. Your home needs to be priced right and well-prepared to stand out.
Average Days on Market (DOM)
Days on market tracks how long a listing typically takes to sell. It’s a solid indicator of demand and pricing expectations.
In Bergen County:
- The average DOM currently hovers around 27–35 days, depending on the town and price range.
- Homes that are priced competitively and staged well often sell in under two weeks.
- Luxury properties or homes needing updates can sit for longer.
Takeaway for buyers: If a home has been on the market for a while, there may be an opportunity to negotiate.
Advice for sellers: First impressions matter. Proper marketing, professional photography, and accurate pricing can significantly shorten your time on market.
Sale-to-List Price Ratio: Still Competitive
The sale-to-list price ratio tells us how close homes sell to their asking price. A ratio above 100% indicates homes are selling above asking—a clear sign of a competitive market.
Right now:
- The average ratio in Bergen County is approximately 99.1%, meaning most homes are selling very close to or slightly under list price.
- In hot neighborhoods, some properties still receive multiple offers and sell above list—especially if move-in ready.
For buyers: There’s less frenzy than in recent years, but don’t expect deep discounts. Homes priced right will move fast.
For sellers: Price your home strategically. Overpricing can backfire, even in a desirable area.
Is Bergen County Still a Seller’s Market?
By traditional definitions, yes—Bergen County remains a seller’s market. That means demand still outweighs supply, especially in towns with top-rated schools and easy NYC access. But the market is
cooling from the frenzy seen in recent years.
Buyers are becoming more selective, and mortgage rate sensitivity is influencing how quickly (or if) they make offers. This shift suggests that while sellers have an edge, buyers are gaining a bit more leverage—especially in properties that have lingered on the market.
Tips for Buyers in Today’s Market
- Get Pre-Approved Early
Know what you can afford and be ready to move when the right home hits. - Work With a Local Agent
Bergen County has many micro-markets. A local agent like Christian Di Stasio can help navigate the differences between towns. - Be Realistic About Your Must-Haves
Compromise may be necessary. Focus on location and potential. - Don’t Wait for the “Perfect” Time
Real estate markets are cyclical. Buying when you’re financially ready often trumps timing the market perfectly.
Tips for Sellers in Today’s Market
- Price Strategically
Don’t rely on Zillow estimates. Work with a real estate expert to price correctly from the start. - Stage and Prepare Your Home
Clean, declutter, and consider small upgrades to maximize appeal. - Market Aggressively
Use professional photos, video tours, and social media to attract attention. - Be Open to Negotiation
Today’s buyers are more cautious—flexibility can make or break a deal.
Conclusion: Local Knowledge Is Power
Bergen County’s housing market continues to offer opportunity—but it requires insight and preparation. Whether you're a buyer searching for your dream home or a seller looking to cash in on years of appreciation, understanding
local trends,
pricing dynamics, and
market behavior is essential.
Partnering with a knowledgeable real estate professional who knows Bergen County inside and out—like Christian Di Stasio—can make the process smoother, smarter, and ultimately more successful.
FAQs: Paramus vs Wyckoff
Which town is better for families, Paramus or Wyckoff?
Both towns are excellent for families. Paramus is great for convenience and affordability, while Wyckoff offers space and a quieter environment.
Is Wyckoff more expensive to live in than Paramus?
Generally, Wyckoff has higher property taxes and cost of living, but it offers larger lots and a more private lifestyle.
Do both towns have good schools?
Yes! Paramus has a larger public school system with strong academic programs. Wyckoff offers smaller, more personal school settings with great reputations.
Which town has better access to NYC?
Paramus offers better highway access and public bus routes to NYC. Wyckoff requires a short drive to train stations in nearby towns.
Is Paramus too busy for quiet family life?
While Paramus is busier due to its commercial zones, many residential neighborhoods still offer quiet, suburban living.
