With only 1.0 months of inventory, Bergen remains a seller's market. The median home price in Bergen currently stands at $200,000. At the current pace, all available homes in Bergen would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 22 days to sell, which is -6 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Bergen market with the affordability index at 956.9. Based on current market indicators, home prices in Bergen are projected to decrease by approximately 7.6% over the next month.
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