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Featured local agent — Cranford, NJ
Sarah Mitchell
Compass Real Estate · Cranford, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cranford, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$367,000median sale price
How is the Cranford, NJ housing market right now?
The median home sale price in Cranford, NJ is $367,000. Homes sell in an average of 17 days with 2 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cranford a buyer's or seller's market?
Cranford, NJ is currently a strong seller's market, based on 2.0 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
17
Fast-moving
Active listings
2
2.0 months supply
Sale-to-list
104.9%
Above asking
What does the Cranford housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $367,000 |
| Median list price | $722,000 |
| Average days on market | 17 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 104.9% |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cranford by property type?
How the Cranford, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $455,000 | $689/sq ft | 4 | 23 days |
| Condo / Co-op | $367,000 | — | 1 | 17 days |
Source: Redfin · Updated monthly
The Cranford housing market is currently classified as a strong seller's market with a median sale price of $367,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 17 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.7x provides context for how home values compare to local earning capacity.
Homes for sale in Cranford
There are currently 2 homes listed for sale in Cranford, New Jersey. The median listing price is $722K.
Active listings
2
Homes on market
Median list price
$722K
Avg. days on market
17
Days until sale
New this week
2
Newly listed
Who lives in Cranford?
Population
1,783
Median income
$82,222/yr
Median age
43.6 years
Owner-occupied
34.9%
College grads
61.2%
Avg commute
39.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Cranford?
Zillow home value
$798,611
Zillow rent index
$3,023/mo
Price-to-rent ratio
22.0x
Price-to-income
9.7x
Source: Zillow Research
What is it like to live in Cranford?
Cranford is a community of approximately 2K residents with a median age of 43.6 years.The median household income is $82,222, which reflects a relatively affluent area with strong earning potential. 61.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 34.9%, showing a blend of owner and renter-occupied properties. The average commute time is 39.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Cranford offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cranford?
7 schools tracked · 3,751 students
The largest public schools serving Cranford, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cranford High School
Grades 9-12 · 1,081 students
Orange Avenue School
Grades 3-8 · 769 students
Hillside Avenue School
Grades K-8 · 748 students
Brookside Place School
Grades K-5 · 357 students
Walnut Avenue School
Grades PK-2 · 305 students
Livingston Avenue School
Grades 3-5 · 251 students
Bloomingdale Avenue School
Grades K-2 · 240 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cranford, NJ?
Want a head-to-head view? Compare Cranford side-by-side with any other U.S. city using our market-comparison tool.
Is Cranford a good real estate investment market?
For investors evaluating Cranford, the price-to-rent ratio of 22.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cranford's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cranford's median home price.
Frequently asked questions
What is the average home price in Cranford?
The median home sale price in Cranford is $367,000, down 0.0% from last year.
How long do homes stay on market in Cranford?
Homes typically spend 17 days on market before going under contract.
What is the median income in Cranford?
The median household income is $82,222 per year.
Is Cranford a buyer's or seller's market?
With 2.0 months of supply, Cranford is currently a strong seller's market.
What is the Zillow home value estimate for Cranford?
The Zillow Home Value Index (ZHVI) for Cranford is $798,611, representing the typical home value in the area.
What is the median condo price in Cranford?
The median condo/co-op sale price in Cranford, NJ is $367,000, compared to $455,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cranford?
The median single-family home price in Cranford, NJ is $455,000 (about $689 per square foot).
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