Bergen & Essex County Housing Market Update – Week of July 11, 2026
The North Jersey housing market continues to evolve, but one thing remains consistent: well-priced homes are still attracting strong buyer interest.
While inventory has improved compared to the tight spring market, Bergen and Essex Counties continue to favor sellers in many neighborhoods. Buyers now have more choices, but desirable homes in great locations are still moving quickly.
Whether you're buying your first home, moving up, downsizing, or considering refinancing, understanding today's market can help you make smarter financial decisions.
Bergen County Market Snapshot
According to the latest county market reports, Bergen County continues to demonstrate impressive price strength.
Highlights include:
- Median Single-Family Sale Price: $930,000
- Average Days on Market: 28 days
- Inventory: Approximately 1,000 homes
- Months Supply: 2.4 months
More recent public listing data shows nearly 2,000 active listings, giving buyers more opportunities than earlier this year while maintaining a competitive marketplace.
For sellers, properly priced homes continue to receive strong interest and frequently sell close to—or even above—the asking price.
Essex County Market Snapshot
Essex County continues to offer buyers a wider variety of housing options, with market conditions varying significantly between communities.
Current market indicators include:
- Median Single-Family Sale Price: $855,000
- Median Condo/Townhome Price: $487,500
- Months Supply: 2.3 months
Public listing data shows approximately 2,390 active listings, creating more opportunities for buyers while maintaining healthy demand for turnkey homes in commuter-friendly neighborhoods.
Inventory Continues to Improve
One of the biggest stories this summer is inventory growth.
Current public listings include approximately:
Bergen County
- 2,303 Active Listings
- 1,313 Single-Family Homes
- 449 Condominiums
- 185 Townhomes
- 199 Multi-Family Properties
Essex County
- 2,312 Active Listings
- 1,158 Single-Family Homes
- 300 Condominiums
- 75 Townhomes
- 760 Multi-Family Properties
More inventory provides buyers with additional choices, but it doesn't necessarily translate into lower prices. The most desirable homes continue to sell quickly.
Mortgage Market Update
Mortgage rates remained relatively stable this week.
Freddie Mac reported the national average 30-year fixed mortgage rate at approximately 6.49%, while the 15-year fixed averaged 5.82%.
Although rates remain elevated compared to recent years, many buyers are successfully purchasing homes by utilizing:
- Seller concessions
- Temporary rate buydowns
- Strategic down payment options
- Careful budgeting
Rather than waiting for significantly lower rates, many buyers are focusing on finding the right home and refinancing later if rates improve.
Featured Homes This Week
Luxury Home Spotlight
117 Forest Way, Essex Fells
This stunning estate offers:
- 8 Bedrooms
- 7.5 Bathrooms
- 1.39 Acres
- Wine Cellar
- Chef's Kitchen
- Outdoor Entertainment Area
- Three-Car Garage
Listed at approximately $3.99 million, it showcases luxury living in one of Essex County's most desirable communities.
Bergen County Featured Home
245 Highland Avenue, Wood-Ridge
This attractive commuter-friendly home features:
- 3 Bedrooms
- 3.5 Bathrooms
- Two-Car Garage
- Walking Distance to Train & Bus
- Convenient Access to Shopping and Parks
Listed around $779,000, it represents an excellent option for move-up buyers seeking value in Bergen County.
Local Community Highlights
Summer continues to bring exciting community events throughout North Jersey.
Residents can enjoy outdoor concerts, family activities, public skating, local festivals, and community gatherings across both Bergen and Essex Counties.
Strong communities remain one of the biggest reasons buyers continue choosing North Jersey as a place to call home.
What This Means for Buyers
Today's market rewards preparation.
Buyers who understand their financing, know their budget, and obtain mortgage pre-approval before shopping are often in the strongest negotiating position.
Although inventory has increased, the best homes continue to attract significant interest.
Thinking About Buying or Refinancing?
Whether you're purchasing your first home, upgrading, refinancing, or simply exploring your options, having an experienced mortgage professional can help simplify the process.
Understanding your financing options before making an offer can give you greater confidence in today's competitive market.
If you'd like to discuss your mortgage options or get pre-approved, Richard L. Bolt is available to help buyers throughout New Jersey, Florida, and Georgia.
Final Thoughts
The Bergen and Essex County housing markets remain active, competitive, and full of opportunity.
More inventory is giving buyers additional choices, while strong demand continues supporting home values throughout North Jersey.
Staying informed—and working with knowledgeable local professionals—can help you make confident real estate decisions throughout the summer market.