Real Estate Market Update for 07047 (North Bergen, NJ)
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 6% from one year earlier, and down 11% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 310-thousand dollars. The number of units sold decreased 50% year-over-year, and increased 100% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 07047 (North Bergen, NJ)
Area Information for 07047 (North Bergen, NJ)
  • Population: 62,435
  • Median Age: 36.95 yr
  • Median Commute Time: 29.5 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 12,162/sq mi
  • Population Change Since 2000: 7.03%
  • Closest Airport: La Guardia
  • Closest College: Cuny-john Jay College
  • Closest Jr. College: American Academy Mcallister Institute
  • Median Household Income: $53,742
  • Annual Residential Turnover: 22.67%
  • Median Years in Residence: 2.37 yr
  • Median Home Sales Price: $233,750
  • Closest Major Sports Team: Jets
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07047 (North Bergen, NJ)
Median Age: 36.95 Married: 27% Number of Households: 23,256 Households with Children: 7,788
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07047 (North Bergen, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Lincoln No. 5 Elementary School 0.4 mi Public PRESCHOOL-8 2-5 3
      Franklin No. 3 Elementary School 0.4 mi Public 1-8 2-5 3
      North Hudson Academy 0.7 mi Private - 0 0
      Tiny Tots Child Care Center, Llc 0.9 mi Private PRESCHOOL-K 0 0
      North Bergen High School 0.9 mi Public 9-12 2-5 2
      A Step Ahead Preschool 1.0 mi Private PRESCHOOL-K 0 0
      Robert Fulton No. 2 Elementary School 1.2 mi Public 1-8 2 3
      Horace Mann No. 9 Elementary School 1.2 mi Public 1-8 2-5 3
      High Tech High School 1.3 mi Public 9-12 5 4
      Academy For Independent Studies 1.3 mi Public 9-12 0 0
      Mesivta Ohr Naftoli 1.3 mi Private - 0 0
      Mckinley No. 10 Elementary School 1.4 mi Public K-8 2-5 3
      John F. Kennedy No. 7 Elementary School 2.4 mi Public 1-8 2 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 07047 (North Bergen, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.