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🏡 Bergen County Real Estate Market Trend – July 2025
- The Gill Group
- Jun 30
- 2 min read
Updated: Aug 10
Thinking of buying or selling a home in Bergen County within the next year? According to Laura Gill, CEO of The Gill Group, the market is experiencing a shift—and it’s important to understand what that means for both buyers and sellers.
📉 More homes are hitting the market🕒 Properties are taking longer to sell🤝 Buyer competition is easing slightly
🎥 In this short update, Laura shares what she's seeing across towns in Northern New Jersey, including trends affecting inventory, pricing, and pace—especially in the luxury market.
🎥 Watch the Full Market Update Video:
🔍 What’s Happening in the Bergen County Market?
📦 Inventory is up. More homes are being listed across towns, although levels vary by location.
🕐 Homes are taking longer to sell. Instead of going under contract in 2–3 days, some homes now stay active for 1–2 weeks before receiving offers.
👀 Less buyer frenzy. Buyers may no longer face bidding wars with 10+ offers. In many cases, you may even be the only offer.
💵 Sellers are still seeing strong prices. While the volume of offers may be down, the quality remains high.
💎 Luxury slowdown. Properties over $2 million are taking longer to move, and sellers may need to reset their expectations.
🧠 What This Means for You
For Buyers:
✅ More inventory = more choice
✅ Less competition = more time to think
✅ Potential to negotiate better terms
"Instead of rushing to offer by Monday, buyers may now have over a week—sometimes even two—to decide,” says Laura.
For Sellers:
✅ Good news: Strong offers and pricing are still happening
⚠️ New mindset: If you only get 2–3 offers (instead of 10), that’s still a win
🏡 Advice: Prep your home properly and price strategically—especially in the luxury tier
👩💼 Expert Perspective from Laura Gill
With decades of experience in the Bergen County real estate market, Laura Gill knows how to navigate shifts like these. Whether you’re buying in Ridgewood, Allendale, Wyckoff, or anywhere in Northern NJ, her advice helps clients make confident, well-timed decisions.
💬 Frequently Asked Questions
Q: Is it still a seller’s market?
A: In many areas, yes—but it’s a softer version of what we’ve seen in past years. You may not get double-digit offers, but homes are still selling well with proper pricing and marketing.
Q: Is now a good time to buy?
A: Yes, especially if you’ve been frustrated by the ultra-competitive conditions of recent years. Buyers have more breathing room and may be able to negotiate.
Q: What’s happening in the high-end market?
A: Homes over $2 million are experiencing longer days on market. Patience and pricing strategy are key in this segment.
📲 Ready to Buy or Sell in Bergen County?
Whether you're making a move in the next few months or planning ahead for 2026, now’s the time to understand the real estate market trend. Laura Gill and The Gill Group are here to guide you every step of the way.
👉 Read: Navigating New Real Estate Laws
