Is River Edge, NJ 07661 a buyer’s or seller’s market?

The River Edge housing market right now

In the three months ending August 31, 2026, 59% of homes in River Edge, NJ 07661 sold above their list price, the typical home went under contract in 70 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 71%, homes sold about as fast and the median sale price fell 10% to $969,580. Overall, River Edge is less competitive than a year ago, which gives buyers more room.

Within Bergen County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, River Edge ranks #253 of 444 NJ ZIP codes with enough sales (score 75 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.