April 2025 Bergen County Real Estate Market Update

Here's your April real estate market update—what’s happening, what it means, and how you can win whether you’re buying or selling in New Jersey!

New Jersey Housing Market Report: Affordability Challenges in High-Demand Areas

According to the latest Realtor.com affordability and homebuilding report cards, New Jersey earned a C-minus. Is anyone really surprised? Especially in areas near New York City, demand remains sky-high while inventory is low—and that’s creating a perfect storm.

Living in Bergen County means access to top schools, commuter routes, shopping, and lifestyle amenities. So while affordability might take a hit, the desirability of homes in Bergen County keeps values climbing.

Home Prices in Bergen County Are Still Rising

Let’s talk real numbers: some towns in Bergen County have seen home price increases between 4% and 12% year-over-year. And when you look back to 2020, that growth has remained consistent.

Even with some buyers hitting pause due to economic uncertainty, the truth is: waiting to buy in Bergen County might cost you more. Homes are still going over asking price, often with multiple offers on the table.

List Price ≠ Market Value in This Real Estate Climate

One of the most common buyer misconceptions right now is confusing a home's list price with its market value. But in a high-demand area like Bergen County, the market value is determined by what buyers are willing to pay—and many are willing to go above list to secure their dream home.

This isn’t about underpricing or creating bidding wars. It’s simply the reality of a competitive New Jersey real estate market. We base pricing on comps, and those comps reflect closed sales that are always updating—meaning a bit of data lag is normal.

Inventory is Tight – Especially in Popular Towns Like Paramus

Thinking about buying in Paramus or nearby towns? Inventory is higher in some areas—but those homes are flying off the market fast and often over asking price.

If you're a buyer, let’s set up a home buying strategy session. We’ll walk you through the process, find the best properties for your budget, and help you stand out in a multiple-offer scenario.

Is a Recession Coming? What That Means for NJ Homeowners and Buyers

We’re hearing more about a potential recession—but here’s the good news: a recession is not a housing crash.

In fact, in 4 of the last 6 U.S. recessions, home prices actually went up. Only 2008 saw a major drop, and that was caused by overbuilding, risky loans, and a fragile financial system—none of which are true today.

So even if we experience a slowdown, expect home values in Bergen County to remain strong.

Sellers: You May Be Sitting on Hidden Equity

If you own a home in Bergen County, there’s a good chance you’re sitting on more equity than you realize. Many of our clients are using this equity to:

• Fund major home renovations

• Purchase investment properties

• Or just gain a clearer picture of their financial position

Let’s run a free home market analysis for you—no pressure to sell, just good info to have!

Let’s Chat – Bergen County Real Estate Help Is One Call Away

Whether you're buying, selling, or simply exploring your options, we're here to help you navigate the New Jersey real estate market with confidence.

Call, text, or send us a message to start the conversation. We're always happy to provide guidance—no pressure, just real support.