Is Fairfield Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Township is a 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

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $592K$260K
-56.1%
3 $705K$638K
-9.5%
4 $787.5K$535K
-32.1%
5+ $1.2M$1.0M
-12.9%

Median Sold Price Compared To Nearby Cities

Lincoln Park
+29.3%
Montville Township
+14.6%
Fairfield Township
-15.8%
Fairfield
-15.8%

How many homes are available in Fairfield Township, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
21210.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 34
+33.3%
3 87
-12.5%
4 56
+20.0%
5+ 54
-20.0%

Number of Homes Sold

Dec 2022Jan 2023%
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fairfield Township, NJ

Fairfield Township, NJ has 21 homes on the market. This housing market listing prices have changed between January 2022 and January 2023: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices decreased by 56.1%, prices of 3 bedrooms properties decreased by 9.5%, the cost of 4 bedrooms properties went down by 32.1%, prices of 5 bedrooms properties decreased by 12.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 33.3%, 3 bedrooms homes inventory decreased by 12.5%, volume of 4 bedrooms homes went up by 20%, the quantity of 5 bedrooms homes went down by 20%. Fairfield Township, NJ housing market in January 2023 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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