Bergen County Real Estate Market Update Q4 2025
Latest market data: median prices, inventory levels, mortgage rates, and trends shaping Bergen County housing.
Discuss Market StrategyKey Market Metrics - Q4 2025
Median Home Price
+2.8% YoY
30-Year Rate
Down from 7.2% peak
Avg Property Tax
~$20K/year median
Days on Market
Competitive market
Q4 2025 Market Trends
1. Inventory Remains Tight
Bergen County has 2.8 months of inventory (under 6-month "balanced market"). Sellers market conditions persist, with multiple offers common on well-priced homes in Ridgewood, Glen Rock, and Fair Lawn.
2. Rates Stabilizing Near 6.40%
After peaking at 7.8% in October 2023, rates have normalized around 6.40% for 30-year fixed. Fed policy suggests rates will remain in 6-7% range through 2025, improving affordability from 2023 highs.
3. Property Tax Burden Growing
Bergen County effective rate 2.73% means $20K+ annual taxes on median home. Buyers increasingly seeking lowest-tax towns (Tenafly 1.96%, Wyckoff 2.21%) vs high-tax (Englewood 3.48%, Hackensack 3.25%).
4. Suburban Demand Post-Pandemic
Hybrid work drives demand for Bergen County suburbs. Families prioritize home offices, backyards, and top-rated schools. NYC commute towns (Fort Lee, Englewood, Tenafly) see premium pricing.
5. First-Time Buyer Challenges
Median $749K requires $37K down (5%) + $5,200/mo PITI. First-timers increasingly using FHA (3.5% down), VA (0% down), or down payment assistance programs to enter market.
Market Outlook: Next 6-12 Months
Home Prices:
Expect 2-4% annual appreciation through 2025. Inventory shortage supports prices despite higher rates. Premium towns (Ridgewood, Saddle River) outperform county median.
Mortgage Rates:
Rates likely 6.25-6.75% range through Q2 2026. Fed signals gradual cuts if inflation stays controlled. Lock rates when you find right home—timing market is risky.
Inventory:
Spring 2026 may bring more listings as "rate-locked" homeowners (3-4% rates from 2020-2021) finally move. Increased supply could moderate price growth.
Buyer Strategy:
Get pre-approved, move quickly on listings, consider rate buydowns or ARM if planning 5-7 year ownership. Waiting for "perfect" rate costs you through appreciation and rent.
Ready to Navigate Bergen County Market?
Work with Jimmy Joseph MBA to get pre-approved and develop a winning strategy for your home purchase.
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