As of March 2025, the real estate market in Hackensack, New Jersey, has demonstrated notable growth and resilience. The average home value stands at $437,801, reflecting an 8.2% increase over the past year. Homes typically go under contract within approximately 38 days, indicating sustained demand.
In January 2025, the median listing price for homes was $340,000, although this represents a 15% decrease compared to the previous year.
Conversely, the median sale price experienced a 2.7% year-over-year increase, reaching $338,750. On average, properties sold after 48 days on the market, a decrease from 65 days in the previous year, suggesting a more competitive market environment.
The housing inventory in Hackensack has also seen changes. In February 2025, there were 83 homes for sale, marking a 6.4% increase from January 2025. This uptick in inventory offers potential buyers a broader selection of properties.
Overall, Hackensack’s real estate market continues to thrive, characterized by rising home values and a dynamic inventory. Both buyers and sellers should stay informed about these trends to navigate the market effectively and capitalize on the opportunities it presents.