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River Vale, NJ 07675 Real Estate Market Report

ZIP Code: 07675
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
28
Active Listings
19
Sold Properties
9

Market Metrics

Median Listing Price
$1,799,000
Median Sold Price
$876,000
Median Price per Sqft
$419/sqft

Note: 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

Median Market Rent
$3,800

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

Property Tax Rate
1.47%

Liquidity & Velocity

Median Days on Market
303
Sale-to-List Ratio
100.0%

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in River Vale, NJ are approximately 6.13%, which is 0.43% lower than the 6.56% average observed earlier in 2026.

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


Key Findings

  1. The median sold price is <b>$876,000</b>, which should be treated as the primary indicator of recent market value and suggests transaction-level pricing is materially below current asking levels in the sample; given the neutral market temperature, expect pricing to be relatively stable rather than rapidly appreciating or collapsing.

  2. The median listing price is <b>$1,799,000</b>, creating a notable spread versus the median sold price that may indicate seller expectations are higher than recent transaction levels—pricing strategy alignment or targeted marketing may be required to close that gap (caution).

  3. The median days on market is <b>303</b>, which signals slower sales velocity and suggests longer listing periods; this pace may indicate increased buyer selectivity or transaction friction and warrants realistic pricing and patience in negotiations.

  4. The median price per square foot is <b>$419</b> and, combined with a elevated interest rate pressure and a price year-over-year trend that is up, implies buyers face higher borrowing costs even as per-square-foot values remain firm—consider structuring offers or financing contingencies to mitigate rate sensitivity when advising clients.


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.

Recent Transactions

600 Colonial Rd, River Vale, NJ 07675
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

6 beds
8 baths
7,103 sqft
$3,400,000
Mar 1, 2026
$479/sqft/sqft
137 days on market
7 Herbst Rd, Old Tappan, NJ 07675
Premium

Sold above market average

4 beds
4 baths
3,224 sqft
$1,520,000
Jan 1, 2026
$471/sqft/sqft
123 days on market
11 Lone Cedar Way, Old Tappan, NJ 07675
Quick Flip

Sold below market average

- beds
- baths
4,448 sqft
$1,365,000
Jan 1, 2026
$307/sqft/sqft
83 Cottage Pl, Westwood, NJ 07675
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

5 beds
3 baths
2,937 sqft
$866,000
Mar 1, 2026
$295/sqft/sqft
88 days on market
3 Chappy Ct, Westwood, NJ 07675
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds
- baths
3,082 sqft
$855,000
Feb 1, 2026
$277/sqft/sqft
535 Roosevelt Ave, River Vale, NJ 07675
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
- baths
1,212 sqft
$830,000
Mar 1, 2026
$685/sqft/sqft
129 days on market
12 4th Ave, Westwood, NJ 07675
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds
3 baths
3,587 sqft
$800,000
Apr 1, 2026
$223/sqft/sqft
427 days on market
50 Beech St, Westwood, NJ 07675
Premium

Sold above market average

2 beds
1 baths
798 sqft
$545,000
Feb 1, 2026
$683/sqft/sqft

River Vale, NJ 07675 Real Estate Market Report

ZIP Code: 07675
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


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.

Analysis Window
90 Days
Total Properties Analyzed
14
Active Listings
5
Sold Properties
9

Market Metrics

Median Listing Price
$1,399,000
Median Sold Price
$667,500
Median Price per Sqft
$388/sqft

Note: 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

Median Market Rent
$2,099

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

Property Tax Rate
1.58%

Liquidity & Velocity

Median Days on Market
269
Sale-to-List Ratio
100.0%

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in River Vale, NJ are approximately 6.13%, which is 0.43% lower than the 6.56% average observed earlier in 2026.

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


Key Findings

  1. The neighborhood's primary market signal is the median sold price of $667,500, which represents the most reliable indicator of recent transaction value and suggests realized pricing is materially below the median listing price of $1,399,000; this gap may indicate pricing friction between seller expectations and closed transactions.

  2. Sales velocity appears slow given a median days on market of 269, which may indicate longer negotiation cycles and reduced liquidity even as the sample shows relatively constrained active supply, so sellers should expect extended time to contract absent price adjustments.

  3. Price direction is supportive at the moment with price year-over-year trend: up and rental fundamentals showing strength with rent year-over-year trend: up, suggesting ongoing demand for both ownership and rental segments despite slower transaction cadence.

  4. Financing conditions are a headwind: interest rate pressure: elevated and current mortgage comparison notes roughly 6.13% 30-year fixed rates locally, which could constrain buyer affordability and pressure time-on-market unless pricing or terms are adjusted.


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.

Recent Transactions

19 Castle Stuart Ct, River Vale, NJ 07675
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

- beds
- baths
2,376 sqft
$1,576,666
Mar 1, 2026
$664/sqft/sqft
179 Woodmont Cir, River Vale, NJ 07675
Premium

Sold above market average

3 beds
3 baths
2,969 sqft
$1,400,000
Dec 1, 2025
$472/sqft/sqft
388 days on market
121 Winding Crk, Old Tappan, NJ 07675
Market Benchmark

Sold at market average

3 beds
4 baths
2,274 sqft
$944,000
Dec 1, 2025
$415/sqft/sqft
146 days on market
33 Quail Run, Old Tappan, NJ 07675
Quick Flip

Sold below market average

- beds
- baths
2,910 sqft
$880,000
Nov 1, 2025
$302/sqft/sqft
28 Woods Edge Rd, Old Tappan, NJ 07675
Premium

Sold above market average

2 beds
3 baths
1,200 sqft
$850,000
Dec 1, 2025
$708/sqft/sqft
169 days on market
521 Piermont Ave Apt 215, River Vale, NJ 07675
Quick Flip

Sold below market average

- beds
- baths
1,368 sqft
$375,000
Mar 1, 2026
$274/sqft/sqft
521 Piermont Ave Apt 428a, River Vale, NJ 07675
Quick Flip

Sold below market average

1 beds
1 baths
1,005 sqft
$350,000
Feb 1, 2026
$348/sqft/sqft
147 days on market
550 Fairview Ave Apt 203, Westwood, NJ 07675
Premium

Sold above market average

1 beds
1 baths
700 sqft
$332,000
Jan 1, 2026
$474/sqft/sqft
206 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,837/mo
07675 Avg Rent
07675 Cost to Own
Rent$3,800
Own$5,637

20% down, 6.2% rate, 1.5% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

07675 Avg nightly rate
07675 Avg occupancy (days/year)
Nightly rate$89/night
Occupancy155 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 4/24/2026

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