Based on the most recent data, what’s happening with cold weather’s impact on pricing and inventory in New Jersey is:
Statewide Impact:
In January 2026, New Jersey had 13,420 active listings, up 11.67% from the previous year, but down 6.38% from December 2025. The statewide median listing price was $519,999, down 2.8% from the previous year and down 1.76% from December 2025. So yes, the cold weather seasonal pattern is showing typical inventory contraction from December to January, though year-over-year inventory remains elevated.
County-by-County Breakdown:
Bergen County – Remains Solid:
Bergen was one of only two North Jersey counties where listings stayed on the market for less time in January than a year earlier. Bergen and Essex were the only counties that had a decrease in price reductions compared to the previous month. Bergen County single-family homes remained in demand through 2025, particularly homes that were well priced, well presented, and located in strong school districts or commuter-friendly areas.
Essex County – Also Holding Strong:
Essex County, along with Bergen, had a decrease in price reductions, suggesting pricing stability. Essex County has a median home price of $590,000, featuring desirable towns like Montclair and Short Hills.
Other Counties – More Impacted:
Besides Bergen and Essex, the other four North Jersey counties (Passaic, Sussex, Hudson, and Morris) had an increase in price reductions, indicating more pricing pressure in those markets.
Bottom Line:
Bergen and Essex counties are showing the most resilience during this cold weather period, with fewer price reductions and relatively stable demand. The rest of the state is experiencing more typical winter softening with increased price reductions and longer days on market.