Dated reporting on the Northern New Jersey housing market: what closed, in which towns and price bands, and what that changes for a decision in front of you. Published weekly. Every figure carries the period it covers, where it came from, and how many sales it rests on.
A sale price is not your proceeds. The five lines between them, the NJ transfer fee, the over-$1M graduated fee, and a worked example from the seller net sheet.
In 2021, a $1M budget put you above the median in nine of ten Union County single-family towns. Five years later, that same budget is near or below the midpoint in four. The shift isn't about what $1M is worth — it's abo
In Bergen County's $600K–$1M market, July active inventory exceeded April in every year where both months are verified from 2023 through 2026. For sellers, early spring and early summer have not offered the same level of
The 30-year hit 6.95%, its highest Freddie Mac print since January 2025. Same payment, less house — and why demand cooling hasn't produced discounts.
312 Essex homes closed this summer at a median 110% of list, while 38 of 182 active listings have sat 60+ days. What closed-sale stats miss.
With NJ rates and prices flat, the move-up question isn't timing — it's which transaction happens first. How to underwrite your own sequence before you list.
NJ months of supply rose 2.2 to 2.6 in July 2026 - but the statewide average hides the range: one Essex tier sold at a median 111% of list in 14 days.
New Jersey sellers cut 5,270 prices last month. In Morris County's $1.5M-$2M band, 83% of homes still sold at or above asking. The gap, explained.
New NJMLS data on 791 Bergen County $1M–$1.5M transactions: 1.7 months supply, 13-day median DOM, 78% selling at or above ask — even as mortgage rates climb past 6.7%.
Last fall’s data says wait — and it was worth about $32,000.
In July 2026, Nutley closed 28 home sales. Below $800,000, 19 of 23 sold over asking; above it, only 1 of 5 did. Two homes on Irving Place, listed weeks apart, showed exactly what that line costs a seller who guesses wro
Thirty-eight of forty-five July closings cleared list price, and Glen Ridge went eleven for eleven. One Montclair sale closed $805,000 over ask, but seven other closings that same month landed under it.
We report closed-sale records from the Garden State and New Jersey MLS systems as aggregates, never as individual addresses, alongside published figures from state and county agencies and from Freddie Mac. Each is labelled for what it is. Where a sample is too thin to support a statement, the page says the measure is unavailable rather than printing a number we would not act on ourselves.
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Send it. We answer one question at a time, in writing, with the records behind the answer. If your own house is the question, we will pull your block's closed sales and show you where it sits.