07624 — Bergen County, New Jersey Market Snapshot
Housing market data for zip code 07624 in Bergen County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
20 sales in 2026 (year to date)
Median Sale Price
$1,304,500
Days to Sell
78
Homes Sold
20
Inventory
30
Sale-to-List
100.2%
New Listings
30
Price/SqFt
$561
Pending Sales
37
Jumbo Loan Likely Needed
The median home in 07624 at $1,304,500 exceeds the 2026 conforming loan limit of $1,209,750 by $94,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 78 days on average, 07624 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 07624 (100.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 07624 at $1,304,500 exceeds the 2026 conforming loan limit of $1,209,750 by $94,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 07624 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 07624
To purchase the median home at $1,304,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $10,145.
Monthly Payment
$10,145
Income Required
$434,771
Principal & Interest
$8,038/mo
Down Payment (5%)
$65,225
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 07624.
Estimated Monthly Payment
$8,223
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