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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
The typical home in Cranford, NJ is worth $776,543, rose 5.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $367,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 17 days, Cranford is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $776,543 home is about $4,146/mo in principal and interest.
Key numbers for Cranford, NJ
Typical home value
$776,543
+5.0% in 12 months
Zillow, August 2026
Typical asking rent
$3,012/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$367,000
Last published period
Redfin, through May 2026
Days on market
17
Fast-moving
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$82,222
Home costs 9.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
104.9%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cranford a buyer's or seller's market?
Cranford, NJ is a strong seller's market, based on 2.0 months of supply and homes selling in about 17 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cranford housing market data show?
Every row below is Redfin's final published month for Cranford, NJ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $367,000 |
| Median list price | $722,000 |
| Median days on market | 17 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 104.9% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cranford is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cranford is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cranford home prices moved?
Over the last three years the median sale price in Cranford, NJ fell 44.2%, from $657,500 to $367,000. The live Zillow value series has rose 5.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 104.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cranford?
Priced off the typical home value of $776,543 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $155,309 | $621,235 | $4,146/mo |
| 5% | $38,827 | $737,716 | $4,923/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,146, that implies roughly $177,669 a year before you add taxes and insurance. The median household in Cranford earns $82,222, about $95,447 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 9.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cranford in the next 12 months?
Tell us your timeline. We send the Cranford market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cranford?
Typical asking rent in Cranford, NJ is $3,012/mo, against a typical home value of $776,543. That is a price-to-rent ratio of 21.5x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,146 a month — $1,134 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Cranford?
Active listings in Cranford, NJ went from 3 in May 2023 to 2 in May 2026, a -33.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2023 | 2 | 2 |
| July 2023 | 1 | not published |
| April 2024 | 2 | 2 |
| June 2024 | 2 | 2 |
| September 2024 | 1 | 1 |
| March 2025 | 1 | 2 |
| April 2025 | 1 | not published |
| September 2025 | 2 | not published |
| October 2025 | 2 | 2 |
| November 2025 | 2 | 1 |
| March 2026 | 1 | 1 |
| May 2026 | 2 | 2 |
Redfin, through May 2026
How does Cranford compare to New Jersey and the U.S.?
Cranford homes sell for $367,000 — 37% below the New Jersey median of $579,900. Against the national median of $410,700, Cranford runs 11% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cranford, NJ | $367,000 | not published | 17 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cranford
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $777 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $776,543 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cranford listing goes under contract in 17 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 104.9% of asking. Price at the number you want and let competition do the rest.
- In the last published month Cranford added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +5.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cranford varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
How much do homes cost in Cranford by property type?
How the Cranford, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 | not published | 1 | 17 days |
Who lives in Cranford?
American Community Survey estimates for Cranford. U.S. Census ACS, 2023
Population
1,783
Households
968
Median income
$82,222/yr
Median age
43.6 years
Owner-occupied
34.9%
Median home value
$550,000
Median gross rent
$2,312/mo
Mean commute
39.8 min
34.9% of occupied homes in Cranford are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $550,000 against Zillow's $776,543 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,312/mo, below Zillow's $3,012/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Cranford, not by size. Compare Cranford side by side with any of them.
Cranford housing market FAQ
Is Cranford a buyer's or seller's market?
Cranford, NJ is currently a strong seller's market. That read comes from 2.0 months of supply, homes going under contract in about 17 days, and sellers getting 104.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cranford?
The typical home in Cranford, NJ is worth $776,543 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $367,000.
Is Cranford cheaper than the rest of New Jersey?
Cranford's median sale price of $367,000 is 37% lower than the New Jersey statewide median of $579,900, and 11% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cranford?
Homes in Cranford, NJ spent a median of 17 days on market before going under contract, versus 35 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Cranford?
At the current 30-year fixed rate of 7.03%, 20% down on a $776,543 home is about $4,146 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $177,669 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $82,222.
Are home prices rising in Cranford?
The typical home value in Cranford, NJ rose 5.0% over the last 12 months, from $739,766 to $776,543 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cranford?
Cranford ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cranford?
That depends on your timeline, not on a headline. What the data says today: Cranford, NJ is a strong seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.5x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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