Bergen County - Luxury Market Report

$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

$1,700,000 - $1,799,999

$1,600,000 - $1,699,999

$1,500,000 - $1,599,999

$1,400,000 - $1,499,999

$1,335,000 - $1,399,999

VARIANCE: N/A N/A N/A SALE PRICE PER SQFT.

5 % 20 21 DAYS ON MARKET VARIANCE: 0 % 99.68% 100.00% SALE TO LIST PRICE RATIO

• The single-family luxury market is a Seller's Market with a 36% Sales Ratio.

• Homes sold for a median of 100.00% of list price in August 2024.

• The most active price band is $1,400,000-$1,499,999, where the sales ratio is 145%

• The median luxury sales price for single-family homes is $1,800,000.

• The median days on market for August 2024 was 21 days, up from 20 in August 2023.

$1,000,000

$950,000

Luxury Benchmark Price 1: $900,000

Median Sales Price Inventory

Solds

• The attached luxury market is a Seller's Market with a 47% Sales Ratio.

• Homes sold for a median of 98.38% of list price in August 2024.

• The most active price band is $1,200,000-$1,249,999, where the sales ratio is 250%

• The median luxury sales price for attached homes is $1,173,648.

• The median days on market for August 2024 was 22 days, down from 67 in August 2023.

Turn static files into dynamic content formats.