07661 — Bergen County, New Jersey Market Snapshot
Housing market data for zip code 07661 in Bergen County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$870,000
Days to Sell
85
Homes Sold
17
Inventory
21
Sale-to-List
103.3%
New Listings
22
Price/SqFt
$461
Pending Sales
22
Conforming Loan Available
Most homebuyers in 07661 can comfortably use conventional financing. The median home price of $870,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 85 days on average, 07661 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 in 07661 are selling 3.3% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07661 can comfortably use conventional financing. The median home price of $870,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07661 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 07661
To purchase the median home at $870,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,816.
Monthly Payment
$6,816
Income Required
$292,100
Principal & Interest
$5,361/mo
Down Payment (5%)
$43,500
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 07661.
Estimated Monthly Payment
$5,534
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