Housing Prices in Garfield, NJ
How much do homes in Garfield, NJ cost?
Median List Price
$499,000
$281/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Garfield has increased by 24.8% since last year.
Summary: The median home list price in Garfield was $499,000 in March 2024, up 24.8% from the previous year, and the median price per square foot was $281.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $265K | +17.8% |
| 2 Bedrooms | $374.4K | $406K | +8.4% |
| 3 Bedrooms | $389.9K | $479K | +22.9% |
| 4 Bedrooms | $469.9K | $539.9K | +14.9% |
| 5+ Bedrooms | - | $650K | N/A |
Summary: Garfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Garfield | $399.9K | $499K | +24.8% |
| Lodi | $417.5K | $489.5K | +17.2% |
| Saddle Brook | $487.5K | $544.5K | +11.7% |
| Saddle Brook Township | $495K | $544.5K | +10.0% |
| Wallington | $675K | $649.5K | -3.8% |
Housing Supply in Garfield, NJ
How many homes are available in Garfield, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Summary: The Garfield real estate market had 33 homes for sale in March 2024, a 32.0% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Garfield 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 75%.
Days on Market for Garfield, NJ
How long does it take to sell a home in Garfield, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 126 Days | 79 Days | -37.0% |
Summary: Homes in Garfield had an average listing age of 79 days in Mar 2024, down by 37% compared to the previous year.
