Is Edgewater, NJ 07020 a buyer’s or seller’s market?

The Edgewater housing market right now

In the three months ending August 31, 2026, 21% of homes in Edgewater, NJ 07020 sold above their list price, the typical home went under contract in 100 days and there were 6.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 48 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 31%, homes sold more slowly (80 days then) and the median sale price rose 22% to $768,667. Overall, Edgewater is less competitive than a year ago, which gives buyers more room.

Within Bergen County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in 94%. On our competition score, Edgewater ranks #432 of 444 NJ ZIP codes with enough sales (score 27 out of 100).

Nearby, buyers who want less competition could look at Alpine 07620 (0% sold over asking) or Moonachie 07074 (0% sold over asking), while South Hackensack 07606 (100% sold over asking) and Waldwick 07463 (86% sold over asking) are even more competitive.