07024 — Bergen County, New Jersey Market Snapshot
Housing market data for zip code 07024 in Bergen County, New Jersey. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 7 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Bergen County county page for broader data.
Market Sales Data
7 sales in 2026 (year to date)
Median Sale Price
$1,108,800
Days to Sell
68
Homes Sold
7
Inventory
20
Conforming Loan Available
The median home in 07024 at $1,108,800 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 68 days on average, 07024 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
The median home in 07024 at $1,108,800 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 07024 are set at the county level.
2026 Loan Limits — Bergen County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07024
To purchase the median home at $1,108,800 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,645.
Monthly Payment
$8,645
Income Required
$370,512
Principal & Interest
$6,832/mo
Down Payment (5%)
$55,440
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07024.
Estimated Monthly Payment
$7,012
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