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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 & Real Estate
Housing market overview · Updated monthly ·
$760,000median sale price
How is the Fanwood, NJ housing market right now?
The median home sale price in Fanwood, NJ is $760,000, down 2.2% year-over-year. Homes sell in an average of 29 days with 6 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 Fanwood a buyer's or seller's market?
Fanwood, NJ is currently a strong seller's market, based on 0.9 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
29
Average pace
Active listings
6
0.9 months supply
Sale-to-list
104.4%
Above asking
What does the Fanwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $760,000 |
| Median list price | $824,900 |
| Year-over-year price change | -2.2% |
| Average days on market | 29 days |
| Active inventory | 6 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 104.4% |
| Median price per sq ft | $538/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 7 |
| Listings with a price cut | 16.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fanwood by property type?
How the Fanwood, 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 | $750,000 | $566/sq ft | 6 | 28 days |
Source: Redfin · Updated monthly
The Fanwood housing market is currently classified as a strong seller's market with a median sale price of $760,000. Prices have fallen 2.2% compared to last year, with homes spending an average of 29 days on market, indicating 0.9 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 4.6x provides context for how home values compare to local earning capacity.
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
Who lives in Fanwood?
Population
7,714
Median income
$176,667/yr
Median age
42.4 years
Owner-occupied
86.5%
College grads
71.2%
Avg commute
42.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Fanwood?
Zillow home value
$812,396
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Fanwood?
Fanwood is a community of approximately 8K residents with a median age of 42.4 years.The median household income is $176,667, which reflects a relatively affluent area with strong earning potential. 71.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 42.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Fanwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fanwood, NJ?
Want a head-to-head view? Compare Fanwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fanwood?
The median home sale price in Fanwood is $760,000, down 2.2% from last year.
How long do homes stay on market in Fanwood?
Homes typically spend 29 days on market before going under contract.
What is the median income in Fanwood?
The median household income is $176,667 per year.
Is Fanwood a buyer's or seller's market?
With 0.9 months of supply, Fanwood is currently a strong seller's market.
What is the Zillow home value estimate for Fanwood?
The Zillow Home Value Index (ZHVI) for Fanwood is $812,396, representing the typical home value in the area.
How much does a single-family home cost in Fanwood?
The median single-family home price in Fanwood, NJ is $750,000 (about $566 per square foot).
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