Recent Home Sales Showcase Hackensack's Market Trends
Between November 10 and November 16, 2025, three homes sold in Hackensack, highlighting key trends in the local real estate market. The most notable sale was a spacious 1,748-square-foot residence located on Lodi Street, which sold for $493,000. The transactions over this week indicate a modest market activity, contrasting with previous weeks where more homes were sold.
What Does This Mean for Future Buyers?
The median sale price of $493,000 reflects an upward trend in the Hackensack housing market, where the average home price increased by 1.4% in October compared to the previous year, according to Redfin. This increase indicates growing demand and a competitive market, especially for family-sized homes. For prospective buyers, it’s crucial to analyze market dynamics and be prepared to act quickly; homes are selling on average within 66 days.
Understanding Sales Prices in Perspective
The homes sold during this week included:
- 475 Colonial Terrace: $235,000 (856 sq. ft.), $275 per sq. ft.
- 114 Lodi Street: $493,000 (1,748 sq. ft.), $282 per sq. ft.
- 137 Ames Street: $590,000 (1,956 sq. ft.), $302 per sq. ft.
These sales prices show variations based on property size and location, underscoring the importance of research in finding home values in Hackensack. Understanding these details can facilitate informed decision-making, particularly in a competitive environment.
Tips for Buyers in a Competitive Market
With homes in Hackensack selling quickly, potential buyers should keep several strategies in mind:
- Get Pre-Approved: Sellers favor buyers who are pre-approved for a mortgage, ensuring your readiness to make an offer.
- Research Neighborhoods: Each area in Hackensack may have different price trends; knowing where to look can yield better options.
- Be Ready to Compromise: In a competitive market, you may need to make concessions to secure a home.
Understanding the current real estate landscape in Hackensack can help homebuyers navigate this competitive market effectively, potentially securing their ideal home while avoiding overpaying.
For those interested in learning more about local listings and home values, staying updated through real estate news sources is essential.
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