Bergen County Real Estate Market Update: Glen Rock and Ridgewood

Welcome to our latest market update! I’m Elizabeth Hernandez with the Cathy Banu Team at Keller Williams, here to share some insights into the real estate landscape of Bergen County, focusing on two prime towns: Glen Rock and Ridgewood.

Current Market Trends in Glen Rock and Ridgewood

As we delve into the median home values, Glen Rock is currently estimated at $1.1 million, while Ridgewood stands slightly higher at $1.22 million. These figures reflect the robust real estate market conditions in Bergen County, showcasing the appeal of these communities for potential buyers and sellers alike.

Understanding Months of Supply

A critical metric in real estate is the months of supply, which indicates how long it would take to sell all available homes if no new listings came to market. For both Glen Rock and Ridgewood, this figure is currently under one month. This means if no new homes enter the market, these towns would run out of available listings in less than a month, solidifying the fact that we are still in a seller’s market.

Why Now is a Great Time to Sell

With the current conditions favoring sellers, it’s an opportune moment to consider listing your home. The spring market traditionally kicks off around January 15th and continues until April 15th. Although this year has seen a slower start, we anticipate a surge in activity as we move into February.

If you’re contemplating selling, now is the time to prepare your home for the market. The demand is evident, and with inventory low, your home could attract significant interest.

Buyers: Don’t Lose Hope!

For buyers, the market may seem competitive, but opportunities are continuously arising. We encourage you to stay active in your search. Our team is dedicated to helping you find the perfect home, even amidst a bustling market.

Spotlight Listing: 48 Glen Boulevard, Glen Rock

I’m excited to introduce one of our favorite listings in Glen Rock: 48 Glen Boulevard. This stunning new construction home boasts approximately 3,300 square feet across the top two floors, featuring:

• Formal dining and living rooms

• Elegant 9-foot ceilings

• A modern layout with 5-inch white oak floors

• A spacious great room with an electric fireplace and accent wall

• A trendy kitchen complete with a massive island

The first floor also includes a command center that can serve as a perfect pantry or office, alongside a half bathroom.

Upstairs, you’ll find four bedrooms plus an additional home office, along with three bathrooms. This home truly offers a blend of modern amenities and classic comfort, making it a must-see for anyone interested in Glen Rock.

Get in Touch!

If you or someone you know is interested in exploring this beautiful home or any real estate opportunities in Glen Rock, please don’t hesitate to reach out. Our team is here to provide insights tailored to your specific needs.

If your town wasn’t covered in today’s update and you want a more in-depth market analysis, we’re more than happy to assist. We’re committed to ensuring you have all the information you need in this dynamic market.

Thank you for joining us on this market update, and we look forward to connecting with you soon!