River Vale, NJ 07675 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. The primary market indicator, median sold price, is $960,000, which best reflects realized market value and recent transaction activity in the ZIP; with the market temperature labeled hot, this sold-price level supports continued appreciation pressure.
2. There is a notable spread between the median listing price $1,104,950 and the median sold price $960,000, which may indicate pricing friction where seller expectations are higher than recent transaction levels and could lead to increased negotiation on pricing. moderate caution is warranted when listing above recent sold comps.
3. The market shows slower sales velocity as indicated by the median days on market 318, which suggests longer marketing times for SFR and condo listings and may reflect selective buyer activity despite a hot market temperature.
4. Pricing density and rental context remain supportive: the median price per square foot 419 and median market rent $4,500 occur alongside a rent up trend and moderate interest rate pressure, suggesting strengthening rental demand but some financing headwinds for buyers.

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.