Upper Saddle River, NJ 07458 Real Estate Market Report

ZIP Code: 07458
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Upper Saddle River is characterized by a median sold price of $1,699,000, reflecting a competitive environment despite elevated interest rates. The neighborhood has increased up since 2023, indicating a strong demand for properties. The median listing price stands at $3,472,000, suggesting a significant pricing gap between what sellers are asking and what buyers are willing to pay, which may indicate some pricing friction in the market.

The market is currently experiencing elevated inventory levels, with a notable median days on market of 294 days, suggesting slower sales velocity. This extended timeframe may reflect a cautious buyer sentiment amidst moderate interest rate pressure. Overall, the market temperature is classified as hot, driven by robust demand and relatively constrained active supply, which continues to support price appreciation in the area.

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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.

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Market Metrics

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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $1,699,000 indicates strong market activity despite elevated interest rates.

2. With a median listing price of $3,472,000, there is a notable pricing gap that may create pricing friction for sellers.

3. The median days on market of 294 suggests slower sales velocity, indicating that properties are taking longer to sell than in previous periods.

4. The market temperature is classified as hot, reflecting strong demand amidst elevated inventory levels.

5. Year-over-year trends show that both prices and rents are up, reinforcing the upward trajectory of the market.

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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.