Is Fairfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Fairfield Township has remained a Buyer's Market.
Housing Prices in Fairfield Township, NJ
How much do homes in Fairfield Township, NJ cost?
Median Sold Price
$625,000
-
Based on all homes sold in the last 12 months.
Difference Since February 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $507.5K | $612.5K | +20.7% |
3 Bedrooms | $550K | $580K | +5.5% |
4 Bedrooms | $687.5K | $735K | +6.9% |
5+ Bedrooms | $795K | $1.0M | +28.9% |
Summary: Fairfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
Lincoln Park | $401.5K | $437K | +8.8% |
Pine Brook | $698K | $750K | +7.4% |
Montville Township | $698.5K | $710K | +1.6% |
Fairfield Township | $635K | $625K | -1.6% |
Fairfield | $645K | $625K | -3.1% |
Housing Supply in Fairfield Township, NJ
How many homes are available in Fairfield Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Fairfield Township real estate market had 23 homes for sale in February 2024, a 9.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fairfield Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fairfield Township in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fairfield Township, NJ
We’re sorry, we don't have information for this market at the moment