Fort Lee, NJ
Housing market overview · Updated weekly
$392,500median sale price
Homes sold
38
Last 12 weeks
Days on market
121
Average pace
Active listings
216
5.7 months supply
Sale-to-list
98.2%
Below asking
The Fort Lee housing market is currently classified as a buyer's market with a median sale price of $392,500. Prices have risen 3.7% compared to last year, with homes spending an average of 121 days on market, indicating 5.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Fort Lee?
The median home sale price in Fort Lee is $392,500, up 3.7% from last year.
How long do homes stay on market in Fort Lee?
Homes typically spend 121 days on market before going under contract.
Is Fort Lee a buyer's or seller's market?
With 5.7 months of supply, Fort Lee is currently a buyer's market.
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