$8,000,000
LUXURY INVENTORY VS. SALES | MAY 2024
$6,000,000 - $7,999,999
$5,000,000 - $5,999,999
$4,000,000 - $4,999,999
$3,500,000 - $3,999,999
$3,000,000 - $3,499,999
$2,500,000 - $2,999,999
$2,000,000
$1,800,000
$1,600,000 - $1,699,999
$1,500,000 - $1,599,999
$1,400,000 - $1,499,999
$1,335,000 - $1,399,999
BERGEN COUNTY SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | MAY
May 2023 May 2024
VARIANCE: N/A N/A N/A SALE PRICE PER SQFT.
VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO
19 17 DAYS ON MARKET
BERGEN COUNTY MARKET SUMMARY | MAY 2024
• The single-family luxury market is a Seller's Market with a 31% Sales Ratio.
• Homes sold for a median of 100.00% of list price in May 2024.
• The most active price band is $1,500,000-$1,599,999, where the sales ratio is 125%
• The median luxury sales price for single-family homes is $1,800,000.
• The median days on market for May 2024 was 17 days, down from 19 in May 2023.
3Square foot table does not account for listings and solds where square foot data is not disclosed.
$1,500,000
LUXURY INVENTORY VS. SALES | MAY 2024
$1,000,000
$950,000
13 - MONTH LUXURY MARKET TREND 4
Solds
MEDIAN DATA REVIEW | MAY
• The attached luxury market is a Seller's Market with a 47% Sales Ratio.
• Homes sold for a median of 97.33% of list price in May 2024.
• The most active price band is $1,000,000-$1,049,999, where the sales ratio is 200%
• The median luxury sales price for attached homes is $1,200,000.
• The median days on market for May 2024 was 27 days, down from 38 in May 2023.