Is Newfoundland, NJ 07435 a buyer’s or seller’s market?

The Newfoundland housing market right now

In the three months ending August 31, 2026, 40% of homes in Newfoundland, NJ 07435 sold above their list price, the typical home went under contract in 74 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold more slowly (60 days then) and the median sale price rose 25% to $701,696. Overall, Newfoundland is less competitive than a year ago, which gives buyers more room.

Within Passaic County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 92%. On our competition score, Newfoundland ranks #304 of 444 NJ ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Paterson 07505 (0% sold over asking), while Paterson 07504 (88% sold over asking) and Hawthorne 07506 (83% sold over asking) are even more competitive.