Englewood, NJ 07631 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

Key Findings

1. 742,000 is the median sold price and serves as the primary indicator of current market value in Englewood; this representative recent sale level, combined with the price year-over-year trend of down, indicates a cooling price environment and suggests sellers may need to be more price-competitive to achieve transactions.
2. The median listing price is 970,000, creating a notable spread versus the median sold price that may reflect elevated seller expectations; this gap appears to be contributing to pricing friction between asking prices and realized transaction values.
3. The median days on market is 326, which points to slower sales velocity and extended negotiation windows; together with neutral market temperature, this suggests balanced but sluggish liquidity rather than a rapid turnover market, and pricing strategy will be important to shorten time-to-contract.
4. Rents are strengthening: the median market rent is 2,800 and the rent year-over-year trend is up, indicating resilient rental demand that could support buy-to-rent strategies despite elevated interest rate pressure (elevated) affecting financing costs.

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.