$6,294 Closing Credit*
$530,000
853 SqFt
2 Beds
•1 Full Bath
Listing Office: NEST SEEKERS NEW JERSEY LLC
Is Bergen-Lafayette, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bergen-Lafayette has remained a Buyer's Market.
Key Takeaway
Bergen-Lafayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bergen-Lafayette, NJ
How much do homes in Bergen-Lafayette, NJ cost?
Median Sold Price
$625,000
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+3.1%)
Key Takeaway
Homes in Bergen-Lafayette have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Bergen-Lafayette was $625,000 in November 2024, up 3.1% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.7K | $365K | +11.0% |
| 2 Bedrooms | $500K | $450K | -10.0% |
| 3 Bedrooms | $625K | $752.5K | +20.4% |
| 4 Bedrooms | $700K | $625K | -10.7% |
| 5+ Bedrooms | $737.5K | $800K | +8.5% |
Summary: Bergen-Lafayette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Side | $450K | $540K | +20.0% |
| Downtown Jersey City | $786.5K | $860K | +9.3% |
| Bergen-Lafayette | $606K | $625K | +3.1% |
| Van Vorst Park | $638.5K | $645K | +1.0% |
| Journal Square | $519.9K | $473.7K | -8.9% |
Housing Supply in Bergen-Lafayette, NJ
How many homes are available in Bergen-Lafayette, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 100 | +2.0% |
Summary: The Bergen-Lafayette real estate market had 100 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 25 | 31 | +24.0% |
Summary: The Bergen-Lafayette housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bergen-Lafayette, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Bergen-Lafayette in November 2024, down by 23.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Bergen-Lafayette, NJ
How long does it take to sell a home in Bergen-Lafayette, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +36.5% |
Summary: Homes in Bergen-Lafayette had an average of 52 days on market in Nov 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bergen-Lafayette are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Bergen-Lafayette; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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