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Featured local agent — Fanwood, NJ
Sarah Mitchell
Compass Real Estate · Fanwood, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fanwood, NJ Housing Market
The typical home in Fanwood, NJ is worth $809,217, rose 4.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $760,000, -2.2% year over year (through May 2026). With 0.9 months of supply and homes going under contract in about 29 days, Fanwood is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $809,217 home is about $4,320/mo in principal and interest.
Key numbers for Fanwood, NJ
Typical home value
$809,217
+4.3% in 12 months
Zillow, August 2026
Median sale price
$760,000
-2.2% year over year
Redfin, through May 2026
Days on market
29
Average pace
Redfin, through May 2026
Active listings
6
0.9 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
$176,667
Home costs 4.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
104.4%
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 Fanwood a buyer's or seller's market?
Fanwood, NJ is a strong seller's market, based on 0.9 months of supply and homes selling in about 29 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Fanwood housing market data show?
Every row below is Redfin's final published month for Fanwood, NJ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $760,000 |
| Median list price | $824,900 |
| Year-over-year price change | -2.2% |
| Median price per sq ft | $538/sq ft |
| Median days on market | 29 days |
| Active inventory | 6 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 104.4% |
| Homes sold (that month) | 7 |
| New listings (that month) | 7 |
| Listings with a price cut | 16.7% |
| 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 Fanwood is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Fanwood 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 Fanwood home prices moved?
Over the last three years the median sale price in Fanwood, NJ rose 15.2%, from $660,000 to $760,000. The live Zillow value series has rose 4.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 16.7% of Fanwood listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 0.9 months while the sale-to-list ratio slips below its current 104.4%. 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 Fanwood?
Priced off the typical home value of $809,217 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% | $161,843 | $647,373 | $4,320/mo |
| 5% | $40,461 | $768,756 | $5,130/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 $4,320, that implies roughly $185,145 a year before you add taxes and insurance. The median household in Fanwood earns $176,667, about $8,478 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 4.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Fanwood in the next 12 months?
Tell us your timeline. We send the Fanwood 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 Fanwood?
Zillow does not publish a rent index (ZORI) for Fanwood, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Fanwood?
Active listings in Fanwood, NJ went from 12 in May 2025 to 6 in May 2026, a -50.0% 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 2025 | 10 | 12 |
| July 2025 | 9 | 5 |
| August 2025 | 9 | 4 |
| September 2025 | 5 | 3 |
| October 2025 | 12 | 14 |
| November 2025 | 10 | 4 |
| December 2025 | 9 | 2 |
| January 2026 | 10 | 4 |
| February 2026 | 11 | 10 |
| March 2026 | 10 | 9 |
| April 2026 | 11 | 10 |
| May 2026 | 6 | 7 |
Redfin, through May 2026
How does Fanwood compare to New Jersey and the U.S.?
Fanwood homes sell for $760,000 — 31% above the New Jersey median of $579,900. Against the national median of $410,700, Fanwood runs 85% higher. Year-over-year, Fanwood moved -2.2% against New Jersey's +3.7% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Fanwood, NJ | $760,000 | -2.2% | 29 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 Fanwood
What buyers should watch
- Months of supply, currently 0.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 16.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $810 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 $809,217 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 Fanwood listing goes under contract in 29 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 104.4% of asking. Price at the number you want and let competition do the rest.
- In the last published month Fanwood added 7 new listings against 7 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +4.3% 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 Fanwood varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Fanwood
There are currently 6 homes listed for sale in Fanwood, New Jersey. The median listing price is $825K.
Active listings
6
Homes on market
Median list price
$825K
Avg. days on market
29
Days until sale
New this week
7
Newly listed
How much do homes cost in Fanwood by property type?
How the Fanwood, 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 | $750,000 | $566/sq ft | 6 | 28 days |
Who lives in Fanwood?
American Community Survey estimates for Fanwood. U.S. Census ACS, 2023
Population
7,714
Households
2,776
Median income
$176,667/yr
Median age
42.4 years
Owner-occupied
86.5%
Median home value
$610,600
Median gross rent
$2,368/mo
Mean commute
42.8 min
86.5% of occupied homes in Fanwood 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 $610,600 against Zillow's $809,217 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Fanwood, NJ?
Ordered by distance from Fanwood, not by size. Compare Fanwood side by side with any of them.
Fanwood housing market FAQ
Is Fanwood a buyer's or seller's market?
Fanwood, NJ is currently a strong seller's market. That read comes from 0.9 months of supply, homes going under contract in about 29 days, and sellers getting 104.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Fanwood?
The typical home in Fanwood, NJ is worth $809,217 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $760,000, about $538 per square foot.
Is Fanwood cheaper than the rest of New Jersey?
Fanwood's median sale price of $760,000 is 31% higher than the New Jersey statewide median of $579,900, and 85% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Fanwood?
Homes in Fanwood, NJ spent a median of 29 days on market before going under contract, versus 35 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Fanwood?
At the current 30-year fixed rate of 7.03%, 20% down on a $809,217 home is about $4,320 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $185,145 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $176,667.
Are home prices rising in Fanwood?
The typical home value in Fanwood, NJ rose 4.3% over the last 12 months, from $775,747 to $809,217 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Fanwood?
Fanwood 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 Fanwood?
That depends on your timeline, not on a headline. What the data says today: Fanwood, NJ is a strong seller's market with 0.9 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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