Hello, everyone! I’m Elizabeth Hernandez with the Cathy Banu team at Keller Williams, and I'm thrilled to bring you the latest market insights for our beloved Bergen County. Today, we’ll focus on two standout towns: Glen Rock and Ridgewood. Whether you’re considering buying, selling, or simply staying informed, this update is for you!

Current Market Overview

As of now, the median estimated home values are impressive. Glen Rock boasts a median value of $1.1 million, while Ridgewood is slightly higher at $1.2 million. Both figures reflect the desirability and quality of life in these communities. But what does this mean for buyers and sellers?

Months of Supply: Understanding the Market Dynamics

One of the key indicators of a healthy real estate market is the months of supply. This metric tells us how long it would take for the current inventory of homes to sell if no new listings came onto the market. Currently, both Glen Rock and Ridgewood are experiencing a months of supply under one, indicating a strong seller's market. This means that if no new homes are listed, buyers in these towns would run out of options in less than one month!

The Spring Market is Here

Typically, the spring market kicks off around January 15th and continues through April 15th. Although this year has started slowly, we’re starting to see an uptick in listings, and February looks promising for an exciting real estate season. If you're considering selling, now is a fantastic time to put your home on the market.

Attention Buyers!

Don't let the competitive market deter you! There are always new opportunities emerging. If you're eager to find your dream home, we’re here to help you navigate the options available in Glen Rock and Ridgewood.

Featured Listing: Stunning New Construction in Glen Rock

Now, let’s spotlight one of our favorite listings in Glen Rock! Located at 48th Glen Boulevard, this beautiful new construction home sits on a picturesque street and offers an impressive 3,300 square feet of living space across its top two floors.

Home Features:

• Formal Dining and Living Rooms: Perfect for entertaining guests.

• Modern Design: Enjoy five-inch white oak floors and nine-foot ceilings.

• Great Room: Featuring an electric fireplace and an accent wall that leads into a trendy kitchen equipped with a massive island.

• Convenient Office Space: A command center that can serve as a pantry or additional workspace.

• Bedrooms and Bathrooms: Four spacious bedrooms, an additional home office, and three and a half bathrooms, making it ideal for families.

This home is a true gem, and we invite anyone interested to come take a look. Whether you're actively searching for a home or just curious, we welcome you to reach out for a personal tour.

Conclusion

As the Bergen County real estate market continues to evolve, we're here to keep you informed and supported. If your town isn’t mentioned in this update and you’re interested in a more in-depth market analysis, don't hesitate to contact us. We’re always happy to assist!

Stay tuned for more updates, and let’s make 2025 a remarkable year in real estate!

Contact Us Today! If you have any questions or need assistance, please reach out. We're here to help you navigate your real estate journey in Glen Rock, Ridgewood, and beyond.