Homeownership is no longer just for the young. In the 1980s, first-time buyers were in their early 30s, but by 2024, this number had climbed to 56—a record-breaking shift.

Between May 26 and June 1, Bergen County showcased a diverse array of homes priced under $1 million. Prospective buyers explored numerous affordable options across various neighborhoods, reflecting a vibrant and accessible real estate market.

Edison’s real estate market experienced a significant uptick from May 26 to June 1, with 11 homes sold in just one week. The median sale was a 1,587-square-foot home on Prestwick Way, which sold for $610,000, reflecting current housing trends in the area.

As homes linger on the market despite price reductions, experts suggest the U.S. housing landscape may be shifting in favor of buyers. Real estate agents urge sellers to adjust expectations in a market that is no longer as heated as in 2021.