Is Fairfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairfield Township has remained a Seller's Market.
Key Takeaway
Fairfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Fairfield Township, NJ cost?
Median Sold Price
$638,000
-
Based on all homes sold in January 2023.
Difference Since Last Month
-$119,500(-15.8%)
Key Takeaway
Homes in Fairfield Township have sold for 15.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $592K | $260K | -56.1% |
| 3 Bedrooms | $705K | $638K | -9.5% |
| 4 Bedrooms | $787.5K | $535K | -32.1% |
| 5+ Bedrooms | $1.2M | $1.0M | -12.9% |
Median Sold Price Compared To Nearby Cities
| Lincoln Park | $381K | $492.5K | +29.3% |
| Montville Township | $662.9K | $760K | +14.6% |
| Fairfield Township | $757.5K | $638K | -15.8% |
| Fairfield | $757.5K | $638K | -15.8% |
How many homes are available in Fairfield Township, NJ?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 21 | 21 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.