Is Allendale, NJ 07401 a buyer’s or seller’s market?

The Allendale housing market right now

In the three months ending August 31, 2026, 74% of homes in Allendale, NJ 07401 sold above their list price, the typical home went under contract in 55 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 59%, homes sold faster (69 days then) and the median sale price fell 7% to $1,274,449. Overall, Allendale is more competitive than a year ago, so tougher for buyers.

Within Bergen County, homes here sell faster than in 91% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Allendale ranks #163 of 444 NJ ZIP codes with enough sales (score 84 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.