Housing Prices in Garfield, NJ
How much do homes in Garfield, NJ cost?
Median List Price
$557,499
$281/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Garfield has increased by 43% since last year.
Summary: The median home list price in Garfield was $557,499 in May 2024, up 43% from the previous year, and the median price per square foot was $281.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $265K | +17.8% |
| 2 Bedrooms | $374.4K | $418.9K | +11.9% |
| 3 Bedrooms | $389.4K | $529.5K | +36.0% |
| 4 Bedrooms | $469.9K | $649K | +38.1% |
| 5+ Bedrooms | $649.4K | $699.9K | +7.8% |
Summary: Garfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 7.8%.
Median List Price Compared To Nearby Cities
| Garfield | $389.9K | $557.4K | +43.0% |
| Lodi | $413.7K | $559.4K | +35.2% |
| Wallington | $542.4K | $662.4K | +22.1% |
| Saddle Brook | $499K | $575K | +15.2% |
| Saddle Brook Township | $501.5K | $575K | +14.7% |
Housing Supply in Garfield, NJ
How many homes are available in Garfield, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 38 | +52.0% |
Summary: The Garfield real estate market had 38 homes for sale in May 2024, a 52.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Garfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 80%.
Days on Market for Garfield, NJ
How long does it take to sell a home in Garfield, NJ?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 126 Days | 68 Days | -46.0% |
Summary: Homes in Garfield had an average listing age of 68 days in May 2024, down by 46% compared to the previous year.
