Is Bogota, NJ 07603 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Bogota is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works

Months of supply6.1Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$391▲ +21.0% vs. last year

The Bogota housing market right now

In the three months ending August 31, 2026, 50% of homes in Bogota, NJ 07603 sold above their list price, the typical home went under contract in 63 days and there were 6.1 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 73%, homes sold faster (80 days then) and the median sale price rose 18% to $667,211. Overall, Bogota is less competitive than a year ago, which gives buyers more room.

Within Bergen County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in 69%.

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.

Nearby markets

Allendale 07401Seller’s market $485 /sq ftAlpine 07620Buyer’s market $792 /sq ftBergenfield 07621Seller’s market $484 /sq ftCarlstadt 07072Balanced $426 /sq ft Browse all markets →

Where Bogota is

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Questions about Bogota real estate

Is Bogota a buyer’s or seller’s market?

A buyer’s market: there were 6.1 months of supply in Bogota, NJ 07603 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Bogota?

The typical home went under contract in 63 days in the latest three months.

Do homes in Bogota sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Bogota?

About 2.29% of a home’s value a year in Bogota Boro, Bergen County, or roughly $9,172 on a $400,000 home.

What is the median home price in Bogota?

The median sale price was $667,211 in the three months ending August 31, 2026, about $391 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology