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 neighborhood's primary market indicator is the median sold price: $1,091,000, which anchors recent transaction evidence; there is a substantial gap between the median listing price: $3,049,495 and the median sold price that may indicate sellers' asking expectations outpacing closed-market outcomes.
2. The median days on market: 360 signals materially slower sales velocity and potential pricing friction; extended time to close appears to reflect protracted negotiations or selective buyer activity rather than rapid turnover.
3. The market temperature: neutral combined with the analyzed sample's supply pattern suggests relatively constrained active supply alongside moderate transaction volume, which may support stable-to-rising price pressure despite slower velocity.
4. The interest rate pressure: elevated (current 30‑year fixed averaging approximately 6.4%) is exerting affordability stress while rental dynamics are weakening—median market rent: $5,600 and rent year-over-year trend: down—which may temper investor demand and lengthen listing durations.

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.