the staff of the Ridgewood blog
Ridgewood NJ, — The housing market across New Jersey and the nation continued its path toward rebalancing in June 2025, with a surge in active home listings, more price reductions, and a slower pace of sales, according to Realtor.com’s Monthly Housing Market Trends Report.
📈 Nationwide Real Estate Highlights – June 2025
-
Over 1.08 million homes were actively for sale — the second consecutive month at that level and 20th straight month of inventory growth.
-
Housing inventory is now 28.9% higher than June 2024 and the highest post-pandemic level to date.
-
While inventory is growing, it still sits 12.9% below 2017–2019 levels, closing the pre-pandemic gap steadily.
The national median listing price in June was $440,905, up 0.2% year-over-year. However, 20.7% of all listings saw price reductions — the highest June figure since at least 2016.
🏡 New Jersey Real Estate Overview
-
Active Listings: 17,227 (↑22.3% YoY, ↑5.18% MoM)
-
Median Listing Price: $579,450 (↓1.62% YoY, ↑0.77% MoM)
-
Average Days on Market: 37
-
Mortgage Rates:
-
30-Year Fixed: 6.77%–6.85%
-
15-Year Fixed: 5.89%–5.99%
-
📍 North Jersey Real Estate Trends – June 2025
🔄 Housing Inventory Changes (Year-over-Year)
New Listings in North Jersey:
-
Bergen: 984 (+1.65%)
-
Passaic: 388 (+16.87%)
-
Sussex: 264 (+17.86%)
-
Hudson: 482 (+9.55%)
-
Morris: 576 (↓4%)
-
Essex: 544 (↓2.16%)
📉 Month-over-Month Changes in New Listings
-
Passaic: +15.48%
-
Sussex: 0%
-
All other counties saw slight decreases:
-
Bergen: -3.15%
-
Morris: -7.69%
-
Essex: -2.16%
-
Hudson: -0.41%
-
⏳ Average Days on Market – North Jersey (YoY)
-
Bergen: 26 days (↑4%)
-
Passaic: 25 days (↓12.5%)
-
Morris: 27 days (↑10.42%)
-
Essex: 31 days (↑20.19%)
-
Sussex: 36 days (↓2.7%)
-
Hudson: 37 days (↓2.63%)
📆 Compared with May 2025, every county — except Hudson — saw an increase in time on market.
💲 Median Listing Prices – North Jersey (June 2025)
Year-over-Year Change:
-
Bergen: $802,000 (↑0.88%)
-
Passaic: $565,000 (↑13%)
-
Morris: $723,750 (↑3.39%)
-
Sussex: $449,950 (↑7.16%)
-
Essex: $611,225 (↓2%)
-
Hudson: $599,000 (↓9.92%)
Month-over-Month Change (May to June 2025):
-
Increased:
-
Bergen (↑0.25%)
-
Passaic (↑2.73%)
-
Essex (↑1.89%)
-
Sussex (↑3.46%)
-
-
Decreased:
-
Morris (↓3.37%)
-
Hudson (↓3.23%)
-
🔍 Key Takeaways
-
North Jersey continues to experience rising inventory and selective price adjustments, signaling a cooling but stabilizing market.
-
Buyers may find more options and room to negotiate as homes linger longer on the market.
-
Sellers in areas like Passaic and Sussex still benefit from strong demand and rising prices.
Tell your story #TheRidgewoodblog , #Indpendentnews, #information, #advertise, #guestpost, #affiliatemarketing,#NorthJersey, #NJ , #News, #localnews, #bergencounty, #sponsoredpost, #SponsoredContent, #contentplacement , #linkplacement, Email: Onlyonesmallvoice@gmail.com
