Dumarest, known for its large single-family homes and spacious lots, is considered a premium residential area in Bergen County. The combination of a quiet living environment and excellent school districts has led the local real estate market to behave somewhat differently than other towns.

The median home price, which was around $920,000 in early 2021, has risen to about $1.27 million by mid-2026. This translates to an increase of approximately 38% over five years.

Looking at the yearly trends, from 2021 to the first half of 2022, prices rose rapidly due to low interest rates and demand for larger living spaces. However, from the second half of 2022 to 2023, the impact of rising interest rates noticeably reduced the rate of increase. After 2024, while the volume of transactions remains low due to the high-end nature of the properties, the scarcity continues to support prices.

Compared to the national median home price, which has increased by approximately 35-45% over the past five years, Dumarest's growth rate fits comfortably within this range. However, it is important to note that the number of transactions in the high-end market is low, which can lead to greater fluctuations in the figures.

The reasons for the increase appear to be a demand for large lots and spacious homes, excellent public schools, and the characteristics of a mature residential area with virtually no new housing supply.

Future prospects should be approached cautiously. As long as high interest rates persist, it seems unlikely that transaction volumes will increase significantly. However, given the fundamentally limited supply in the area, the potential for significant price adjustments also appears low. It seems likely that prices will move within a moderate range.

For Korean families considering actual residence, it is advisable to carefully consider financial planning and maintenance costs, given the size of the homes. For those contemplating selling, the current moment, when high-end properties are scarce, may not be a bad time to consider.