Real Estate Market Trends Report for Warren County, NJ – February 2025

Current Market Overview: February 2025 Analysis

Welcome to the latest update on the real estate market in Warren County, New Jersey, brought to you by Countryside Homes NJ and RE/MAX Town & Valley. As we dive into the data for February 2025, sourced from the Realtors Property Resource, LLC, we’ll explore the key trends shaping the market for single-family homes, condos, townhouses, and apartments (SF + Condo/TH/Apt). Whether you’re a buyer, seller, or investor, this comprehensive analysis will provide valuable insights into the current state of the market and what it means for you.

Warren County Residential Market Trends - Realtors Property Resource - February 2025

Market Overview: A Seller’s Market Persists

The Warren County real estate market remains firmly in seller’s territory as of February 2025. With a Months Supply of Inventory (MSI) of just 1.55 months, the market continues to favor sellers. This figure represents a 3.7% decrease from January 2025 and a significant 27.2% drop compared to February 2024. An MSI below 4 months typically indicates a seller’s market, where demand outpaces supply, giving sellers the upper hand in negotiations. This low inventory level suggests that homes are selling quickly, and buyers need to act decisively.

New Listings: Prices Rise, Activity Picks Up

In February 2025, new listings in Warren County had a median list price of $389,000, reflecting a modest 2.7% increase month-over-month (MoM). This uptick signals growing confidence among sellers, likely driven by sustained demand and favorable market conditions. Over the past five years, the median list price for new listings has shown a steady upward trend, climbing from approximately $300,000 in February 2020 to its current level. This growth underscores Warren County’s appeal as a desirable location, balancing rural charm with proximity to urban amenities.

Active Listings: Inventory Tightens Further

The pool of active listings in February 2025 carried a median list price of $419,000, up 4.9% MoM. This higher median price compared to new listings suggests that properties lingering on the market may be premium homes or those in high-demand areas. The increase in price, combined with the low MSI, points to a shrinking inventory, as homes are snapped up quickly. Since February 2020, active listing prices have risen significantly, reflecting both inflationary pressures and heightened buyer interest in the region.

New Pending Listings: Demand Remains Robust

New pending listings—properties that went under contract in February 2025—had a median list price of $359,000, down 5.5% MoM. Despite this decline, the number of properties going pending surged by 17.4% MoM to 81 homes, indicating strong buyer activity. The median days in RPR (Realtors Property Resource) dropped dramatically by 32.4% MoM to 25 days, reinforcing that homes are moving fast. The median price per square foot edged up 1.8% MoM to $230, while the total sales volume reached $31,721,099, a 7.7% MoM increase. The median living area remained relatively stable at 1,670 square feet, down just 1.5% MoM. These metrics highlight a competitive market where buyers are willing to act swiftly, even as prices adjust slightly downward.

Pending Listings: A Broader Snapshot

The broader category of pending listings (including those under contract beyond just February) showed a median list price of $372,450, a 6.7% MoM decrease. However, the number of properties grew by 9.2% MoM to 130 homes, with a median days in RPR of 25 days (down 13.8% MoM). The median price per square foot rose 2.7% MoM to $228, and the total sales volume hit $54,128,098, down slightly by 3.7% MoM. The median living area increased to 1,693 square feet, up 5.5% MoM. This data suggests that while some price softening occurred, the volume of transactions remains healthy, driven by consistent demand.

Sold Listings: Prices Climb Steadily

For sold listings in February 2025, the median sold price reached $390,000, up 6% MoM. This growth aligns with the upward trajectory seen over the past five years, with sold prices rising from around $275,000 in February 2020. The steady increase reflects both market strength and the premium buyers are willing to pay in a low-inventory environment. Sellers are clearly benefiting from this trend, achieving strong returns on their properties.

Key Takeaways for Buyers and Sellers

For Buyers: The Warren County market remains highly competitive, with homes selling in under a month on average. Be prepared to move quickly, and consider working with a knowledgeable local agent from Countryside Homes NJ to identify opportunities as soon as they arise. While median prices are rising, there may be room for negotiation on new pending listings, where prices have softened slightly.
For Sellers: With inventory at historic lows and demand robust, now is an excellent time to list your property. Pricing strategically near the median ($390,000–$419,000 for active and sold listings) could attract multiple offers, especially given the fast pace of sales.

Looking Ahead

As we move further into 2025, Warren County’s real estate market shows no signs of slowing down. The persistent seller’s market, coupled with rising prices and shrinking inventory, suggests that demand will continue to outstrip supply in the near term. Factors such as interest rates, economic conditions, and seasonal trends will play a role in shaping the market, but for now, Warren County remains a hotspot for real estate activity.

At Countryside Homes NJ and RE/MAX Town & Valley, we’re here to guide you through every step of your real estate journey. Whether you’re looking to buy your dream home or sell your property at the best possible price, our team has the expertise and local insight to make it happen. Contact us today for a personalized consultation, and stay tuned for next month’s market update!

Data sourced from Realtors Property Resource, LLC, reflecting trends for single-family homes, condos, townhouses, and apartments in Warren County, NJ, as of February 2025.

Client Testimonials for Countryside Homes NJ

At Countryside Homes NJ and RE/MAX Town & Valley, we pride ourselves on delivering exceptional service to our clients. But don’t just take our word for it—read what our satisfied customers have to say. From first-time homebuyers to seasoned real estate investors and new home builders, our clients appreciate our dedication, expertise, and commitment to their success. Here are some of their stories.

David R. New Homeowner

Collaborating with Keith LaBrunda and Heather Montalbano from Countryside Homes NJ and RE/MAX Town & Valley streamlined the home-buying process for me. They were attentive to my needs and preferences, ensuring they understood exactly what I was seeking in a home and what was within my financial comfort zone. Keith and Heather provided invaluable assistance during the offer stage, sharing insightful details that enabled me to place a successful bid on my desired property. They recommended associates to assist me with securing a mortgage, conducting home inspections, and acquiring homeowner's insurance. Post-purchase, they continued to be a resource, suggesting local companies to contact for internet, water, waste management, oil, and other essential services. The experience of purchasing a home with Keith LaBrunda and Heather Montalbano was seamless and enjoyable.

Rachel and Andre First Time Homebuyer

As first-time homebuyers, the process of finding and purchasing a home felt daunting. But from the moment we reached out to Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley, our worries were put to rest. Their team was incredibly patient, answering all our questions and guiding us through every step. They took the time to understand our needs and preferences, ensuring that we found the perfect home in a neighborhood we love. We were especially impressed by their vast knowledge of the local market and their commitment to ensuring we got the best deal possible. We can't thank them enough for making our dream of homeownership a reality. If you're in the market for a new home, we highly recommend Heather and Keith at Countryside Homes NJ and RE/MAX Town & Valley. They truly go above and beyond for their clients!

Prestia Family New Homeowners

From the moment we began our home search, Heather at Countryside Homes NJ and RE/MAX Town & Valley stood out as the epitome of professionalism and dedication. Her team's in-depth knowledge of the Rockaway Borough area and their unwavering commitment to our needs made our home buying journey not only smooth but truly enjoyable. As new homeowners in Rockaway Borough, NJ, we can confidently say that choosing Heather at Countryside Homes NJ and RE/MAX Town & Valley was the best decision we made. Her expertise, patience, and genuine care for our family's needs transformed what could have been a stressful process into a memorable and joyous occasion. We are beyond grateful for her support and would highly recommend her and her team to anyone looking to find their dream home. Thank you for turning our dreams into reality!

Donna Buyer

Keith takes you through every step of buying a home with ease. It helps tremendously that he has extensive knowledge about the inner workings of a home so he can tell you how it should be. From his top notch contacts to his tireless energy, Keith does his best to keep the transaction on track. Keith is genuinely happy to introduce you to your new home and neighborhood ensuring you'll fit right in. I have worked with many realtors along the way and none are as diligent, generous, and trustworthy as Keith. I am very grateful to have had Keith as my buyer's agent...every exchange should be as good.

Mike Buyer

Truly was a pleasure working with Keith and Heather, I could call them any time with any question or problem and they would respond immediately, if they didn't have an the answer or solution at hand, they would find a way to get it ASAP. Truly appreciate their efforts and attention. They truly understood what we were looking for. In many cases they were willing to go investigate the property on our behalf and we truly trusted their analysis and ability to understand exactly what we wanted and/or needed.