Bergen County, NJ, remains a sought-after destination for luxury homebuyers, with its close proximity to New York City, top-rated schools, and prestigious neighborhoods.
Rising Property Values in Bergen County’s Luxury Market
Luxury home prices in Bergen County have remained strong despite economic uncertainties. As of December 2024, the median home price in the county rose by 3.4%, bringing the median sale price to $710,000. This growth reflects sustained demand for high-end properties, particularly in sought-after locations like Alpine, Franklin Lakes, Englewood Cliffs, and Saddle River.
Inventory Levels & Market Activity
One of the biggest challenges in the Bergen County luxury market is low inventory, especially for homes in prime locations. While new listings have slightly increased compared to early 2024, the supply of high-end homes remains lower than pre-pandemic levels, keeping prices competitive.
• Homes under $1 million tend to sell quickly, often receiving multiple offers within days.
• Luxury homes priced between $1 million and $3 million are experiencing longer market times, averaging 45–60 days before securing an offer.
• Properties above $3 million are moving at a more deliberate pace, with sales influenced by buyer-specific preferences and investment strategies.
Buyer Preferences: What Luxury Home Buyers Want in 2025
Affluent buyers in Bergen County have specific expectations when shopping for luxury homes. The following features are driving demand in 2025:
✅ Smart Home Technology – Integrated home automation systems, security features, and energy-efficient upgrades.
✅ Outdoor Living Spaces – Expansive patios, resort-style pools, and landscaped gardens are highly desirable.
✅ Sustainable & Eco-Friendly Homes – Energy-efficient appliances, solar panels, and high-performance insulation.
✅ Move-in Ready Condition – Buyers prefer fully renovated homes that require minimal updates.
Mortgage Rates & Market Outlook
How Sellers Can Capitalize on Market Trends
For sellers in Bergen County, NJ, 2025 presents an opportunity to leverage low inventory and high demand to secure top-dollar offers. If you’re considering selling your luxury home, working with a local real estate expert who understands current market trends can make all the difference.
Contact Igor Beyder and Beyder & Company Realty today.
Let’s make 2025 your best year yet!
Beyder & Company Realty
Real Estate Company
Concierge-Level Luxury Real Estate Sales
Design | Development | Investments
New Jersey | New York | Florida
📧 igor@beyderco.com
📞 201-995-3488
📍 10 McKinley St, Suite 10, Closter, New Jersey 07624
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