$3,325 Closing Credit*
$280,000
1 Bed
•1 Full Bath
Linda Dator, Listing Office: Christie's International Real Estate Group-Mahwah/Saddle River Regional Office
Is Hackensack, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hackensack was a Seller's Market.
Key Takeaway
Hackensack is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hackensack, NJ
How much do homes in Hackensack, NJ cost?
Median Sold Price
$367,500
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,500(-5.3%)
Key Takeaway
Homes in Hackensack have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Hackensack was $367,500 in October 2024, down 5.3% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $270K | +12.5% |
| 2 Bedrooms | $337.5K | $337K | -0.1% |
| 3 Bedrooms | $490K | $505K | +3.1% |
| 4 Bedrooms | $555K | $655K | +18.0% |
| 5+ Bedrooms | $650K | $620K | -4.6% |
Summary: Hackensack housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Maywood | $542.5K | $562K | +3.6% |
| Hackensack | $388K | $367.5K | -5.3% |
Housing Supply in Hackensack, NJ
How many homes are available in Hackensack, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 93 | +47.6% |
Summary: The Hackensack real estate market had 93 homes for sale in October 2024, a 47.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 21 | +31.3% |
| 2 Bedrooms | 21 | 34 | +61.9% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Hackensack housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 61.9%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hackensack, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hackensack in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Hackensack, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.