The force that has invigorated the real estate market across the United States can be felt in most major metropolitan areas and New Jersey is no different. People have been inspired to make big changes while scaling the other side of the pandemic. Homeowners and renters alike have flocked to the market and are making big moves. As people migrate in, out and around the state—some areas experience a greater influx of new residents. 

The proximity to New York City draws people to settle here. In 2020, the transition to a remote lifestyle prompted many New Yorkers to seek shelter outside of the concrete jungle and in a more picturesque environment.  New Jerseyans also took advantage of the historically low mortgage rates and ventured out of their rentals and into more permanent spaces. In the last two years, home sales increased in Bergen, Essex, Passaic, and Hudson counties. In fact, 12,631 residential properties (single-family, 2-4 family, condo, townhouses, co-ops) were sold in 2021. 

 Here are the top 5 cities for residential sales in each of these counties:
*Statistical data provided by NJMLS 

Bergen County

1. Fort Lee—723 sales
2. Teaneck—495 sales
3. Mahwah—495 sales
4. Hackensack– 449 sales 
5. Fair Lawn– 436 sales

Essex County

1. Newark—851 sales
2. Bloomfield—587 sales
3. Montclair—484 sales
4. West Orange—395 sales
5. Belleville—377 sales

Hudson County

1. Jersey City—329 sales
2. Kearny—296 sales
3. North Bergen—228 sales
4. West New York—211 sales
5. Hoboken—207 Sales

Passaic County

1. Wayne—766 sales
2. Paterson—658 sales
3. West Milford—437 sales
4. Hawthorne—265 sales
5. Wanaque—229 sales

As the scope of inventory and affordability changes, the market will adapt to the factors that affect it. With new homes still coming onto the real estate market weekly, New Jerseyans and New Yorkers that are still looking to make a move, can easily find their place here.