Upper Saddle River, NJ 07458 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

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 of $1,207,500, reflects realized transaction values and indicates strong price levels for recent SFR and condo sales in the area.
2. The market is hot and prices are trending up; sustained seller strength appears to be supporting upward price momentum despite statewide economic moderation.
3. The median days on market at 329 suggests slower sales velocity and meaningful pricing friction for some listings; this may indicate buyers are selective or that asking prices are above the level of recent transactions.
4. There is a notable spread between median listing price of $2,350,000 and the median sold price, which may reflect elevated seller expectations; with current 30-year fixed mortgage rates approximately 6.5% to 6.8% and moderate interest rate pressure, affordability constraints could be tempering transaction throughput.

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.