Demarest, NJ 07627 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, median sold price: 1,234,000, shows realized transaction value well below asking expectations and, combined with a median days on market: 358, suggests slower sales velocity and meaningful time-to-sale for sellers.
2. There is a significant divergence between median listing price: 2,285,000 and the median sold price: 1,234,000, which appears to reflect pricing friction and elevated seller expectations relative to recent transaction prices; this gap may indicate downward price pressure persists.
3. Market-level indicators — market temperature: cold and price year-over-year trend: down — together with interest rate pressure: elevated and reported mortgage rates averaging 6.53% for a 30-year fixed, suggest financing constraints are contributing to a softer market and could continue to depress buyer willingness to meet listing prices.
4. Rental and unit economics are also soft: median market rent: 5,300 with rent year-over-year trend: down and median price per square foot: 530 imply subdued income-side demand and limited near-term upside for investor-driven price support; expect continued caution among buyers and investors given the current signals.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.