Housing Prices in Essex Fells, NJ
How much do homes in Essex Fells, NJ cost?
Median List Price
$1,337,450
$417/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Essex Fells has increased by 44.6% since last year.
Summary: The median home list price in Essex Fells was $1,337,450 in March 2024, up 44.6% from the previous year, and the median price per square foot was $417.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $549.9K | $524.9K | -4.5% |
| 3 Bedrooms | $639.2K | $878K | +37.3% |
| 4 Bedrooms | $949K | $1.3M | +39.6% |
| 5+ Bedrooms | $1.4M | $1.7M | +19.7% |
Summary: Essex Fells housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 37.3%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 19.7%.
Median List Price Compared To Nearby Cities
| Essex Fells | $925K | $1.3M | +44.6% |
| Roseland | $599K | $682K | +13.9% |
| Verona Township | $549K | $599.4K | +9.2% |
| West Caldwell Township | $562.4K | $589.4K | +4.8% |
| Caldwell | $691K | $675K | -2.3% |
Housing Supply in Essex Fells, NJ
How many homes are available in Essex Fells, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Essex Fells real estate market had 8 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Essex Fells housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Days on Market for Essex Fells, NJ
How long does it take to sell a home in Essex Fells, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 119 Days | -2.0% |
Summary: Homes in Essex Fells had an average listing age of 119 days in Mar 2024, down by 2% compared to the previous year.
