For Bergen County buyers, the $400,000 question is not simply which address is available. It is how much space, what type of property and which ongoing costs come with that price. The county’s median sales price for a single-family home reached $949,500 in July, up 8.5% year-over-year, according to market data cited by the New Jersey Real Estate Network from Greater Bergen REALTORS. A $400,000 purchase therefore represents less than half the price of a typical detached home.
The market remains challenging for buyers: single-family homes sold for an average of 104.6% of list price in July, with only 2.6 months of inventory supply, the same real estate network reported. New Jersey’s overall median home price across all property types stood at $531,000 in early 2026, up 4.8% year-over-year, according to Robert DeFalco Realty. Against that backdrop, five Bergen County properties recorded at exactly $400,000 show the tradeoffs available at that budget.
Housing inventory is another part of the market backdrop for buyers.
The biggest space comes with a detached-home tradeoff
The strongest space-for-price examples are the two non-condo properties. At 432 Sagamore Ave. in Teaneck, the 1930-built single-family home provided 1,946 square feet on a 5,301-square-foot lot for $400,000, or $206 per square foot. That was the lowest price-per-square-foot figure among the five properties. Teaneck’s typical home value reached $702,107 as of July 31, according to Zillow’s real estate index, providing context for the $400,000 detached sale.
Oakland offered another detached—or residential—option at 22 Andrew Ave. The 1946-built property sold for $400,000 and had 1,467 square feet on a 14,157-square-foot lot, equal to $273 per square foot. Its closing on July 6 was the earliest among the five sales.
Different property types stretch the budget in different directions
The property options demonstrate how location and size change the calculation. The smallest was 166 S. Park Drive in New Milford, a 1941-built residential property with 725 square feet on a 5,998-square-foot lot. It sold for $400,000, or $552 per square foot—the highest figure in the group—and closed July 13, the same date as the Teaneck sale.
At 1060 Chedworth Circle in Mahwah, a 1995-built condo sold for the same $400,000 but offered 960 square feet, or $417 per square foot. The deal closed July 20, the most recent date in the group. Countywide, townhouse and condo inventory expanded 42.3% year-over-year by mid-2026, according to Scott Kompa’s market update. Condo supply reached 3.7 months, giving buyers at this price point somewhat more room to negotiate than single-family shoppers.
Another choice was 1203 River Road in Edgewater, where a 1971-built condo sold for $400,000 with 1,192 square feet. Its $336-per-square-foot price fell between the detached-home figures and the two smaller condo figures. The sale closed July 8.
Taxes can change the monthly cost
The purchase price does not tell the full cost of ownership. Property taxes can add to monthly costs, and New Jersey buyers should account for them when comparing homes.
The municipal differences are visible even within this group. Property-tax costs can vary by municipality, even when sale prices are identical. Buyers spending the same amount can therefore face meaningfully different monthly escrow payments depending on where they land. New property owners reviewing their assessments should also review local tax information.
What the records measure
The sales were captured in property title recordings for the week of Aug. 17 to Aug. 23, according to NJ.com. The outlet notes that title-recording dates can lag the sale itself. In this group, all five deals closed in July, from July 6 through July 20. NJ.com selected the properties for their price proximity and comparatively spacious living areas.
