$10,000 Closing Credit*
$1,050,000
2 Beds
•2 Full Baths
Martin Brady, Listing Office: The Marketing Directors, Inc.
Is North Bergen, 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, North Bergen has remained a Seller's Market.
Key Takeaway
North Bergen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Bergen, NJ
How much do homes in North Bergen, NJ cost?
Median Sold Price
$522,500
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,499(-5.0%)
Key Takeaway
Homes in North Bergen have sold for 5% less than they did a year ago.
Summary: The median home sold price in North Bergen was $522,500 in November 2024, down 5% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $275K | +10.0% |
| 2 Bedrooms | $450K | $417.5K | -7.2% |
| 3 Bedrooms | $557.5K | $520K | -6.7% |
| 4 Bedrooms | $588.5K | $675K | +14.7% |
| 5+ Bedrooms | $785K | $745K | -5.1% |
Summary: North Bergen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Guttenberg | $447.5K | $585K | +30.7% |
| West New York | $665K | $715K | +7.5% |
| Union City | $432.5K | $459.5K | +6.2% |
| North Bergen Township | $549.9K | $525K | -4.5% |
| North Bergen | $549.9K | $522.5K | -5.0% |
Housing Supply in North Bergen, NJ
How many homes are available in North Bergen, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 118 | -10.6% |
Summary: The North Bergen real estate market had 118 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 18 | -14.3% |
| 2 Bedrooms | 36 | 35 | -2.8% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 15 | 7 | -53.3% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The North Bergen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 53.3%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bergen, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in North Bergen in November 2024, up by 4.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% were sold over asking.
Days on Market for North Bergen, NJ
How long does it take to sell a home in North Bergen, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 28 Days | -58.4% |
Summary: Homes in North Bergen had an average of 28 days on market in Nov 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Bergen are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in North Bergen; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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.