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Staying informed about local real estate trends is essential whether you’re thinking about buying or selling. Each county has its own pace, pricing, and market dynamics, and understanding these can help you make smarter decisions. Here’s a snapshot of what’s happening right now in Orange, Rockland, Sussex, and Passaic Counties.
Orange County Market Snapshot
Inventory remains steady, with just a slight 2% dip over the past month and an 8% increase year-over-year—showing consistency and stability for both buyers and sellers.
Homes are selling at about 101% of asking price, highlighting strong demand and the importance of smart pricing. The median days on market is 36, offering a balanced pace: enough time for buyers to make decisions, while giving sellers confidence their homes won’t sit too long.
With a median sold price of $460,500, buyers can plan their budgets wisely, and sellers can competitively position their homes for success.
Rockland County Market Snapshot
Rockland County remains a seller’s market with just 3.16 months of inventory, meaning demand is outpacing supply. Inventory dipped 11% in the past month but is still 4% higher year-over-year, suggesting a short-term tightening within a gradually growing market.
Homes are selling at about 102% of asking price, showing strong buyer competition. With a median of 25 days on market, properties are moving quickly but still giving both sides room to plan. The median sold price is $774,900, setting a clear benchmark for buyers and sellers alike.
Sussex County Market Snapshot
Sussex County is currently a seller’s market with 2.89 months of inventory, showing strong demand and limited supply. Inventory has held steady, with just a 4% increase over the past year, signaling a stable market for both buyers and sellers.
Homes are selling at about 103% of asking price, highlighting competitive conditions and strong buyer demand. The median days on market is 22, meaning homes are moving quickly, giving sellers confidence and requiring buyers to be ready to act fast.
The median sold price is $440,000, providing a key benchmark for pricing and budget planning.
Passaic County Market Snapshot
Passaic County is firmly a seller’s market with just 2.17 months of inventory, meaning demand is high and homes are moving quickly. Inventory has risen 12% month-over-month and 6% year-over-year, but supply remains limited, keeping conditions competitive.
Homes are selling for about 106% of asking price, showing strong bidding activity. The median days on market is only 17, reflecting a fast-moving market where sellers can expect quick sales and buyers must be ready to act fast.
With a median sold price of $575,000, both buyers and sellers can plan confidently around this key benchmark.
Why This Matters for Buyers and Sellers
These market numbers aren’t just statistics—they’re insights that can shape your real estate strategy:
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For Buyers:
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Knowing inventory levels helps set expectations on competition and timing.
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Understanding average days on market gives you a sense of urgency—when to act fast versus when you have more breathing room.
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Median prices guide your budget planning and financing preparation.
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For Sellers:
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Inventory trends show whether you can expect strong buyer interest or a more balanced pace.
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Sale-to-list price ratios (101–106% across these counties) confirm that smart pricing can lead to quick, competitive offers.
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Days on market help you gauge how long it may take to sell, so you can plan your move with confidence.
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Final Thoughts
Across all four counties, sellers are still enjoying strong demand, while buyers need to be ready to act quickly and make competitive offers. Whether you’re buying, selling, or just exploring your options, having the right guidance makes all the difference.
If you wanna learn more about the Housing Market, watch the full version:
Adrianne’s journey with the Green Team has been nothing short of inspiring. Since stepping into the role of Broker Manager, she has consistently gone above and beyond to support her clients and her team. Her ability to balance the demands of leadership while maintaining exceptional service to her clients is a testament to her commitment to excellence.
