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Featured local agent — Fort Lee, NJ
Sarah Mitchell
Compass Real Estate · Fort Lee, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fort Lee, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$395,000median sale price
How is the Fort Lee, NJ housing market right now?
The median home sale price in Fort Lee, NJ is $395,000, down 5.3% year-over-year. Homes sell in an average of 81 days with 249 active listings. The market is currently a buyer'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 Fort Lee a buyer's or seller's market?
Fort Lee, NJ is currently a buyer's market, based on 7.1 months of supply and homes selling in about 81 days. How we determine this →
Homes sold
35
Last 12 weeks
Days on market
81
Average pace
Active listings
249
7.1 months supply
Sale-to-list
98.5%
Below asking
What does the Fort Lee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $395,000 |
| Median list price | $389,000 |
| Year-over-year price change | -5.3% |
| Average days on market | 81 days |
| Active inventory | 249 listings |
| Months of supply | 7.1 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $496/sq ft |
| Homes sold (latest month) | 35 |
| New listings (latest month) | 69 |
| Listings with a price cut | 9.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Fort Lee by property type?
How the Fort Lee, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $335,000 | $493/sq ft | 29 | 81 days |
Source: Redfin · Updated monthly
The Fort Lee housing market is currently classified as a buyer's market with a median sale price of $395,000. Prices have fallen 5.3% compared to last year, with homes spending an average of 81 days on market, indicating 7.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Homes for sale in Fort Lee
There are currently 249 homes listed for sale in Fort Lee, New Jersey. The median listing price is $389K.
Active listings
249
Homes on market
Median list price
$389K
Avg. days on market
81
Days until sale
New this week
69
Newly listed
Who lives in Fort Lee?
Population
39,818
Median income
$105,535/yr
Median age
47.2 years
Owner-occupied
57.5%
College grads
64.8%
Avg commute
34.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Fort Lee?
Zillow home value
$599,918
Zillow rent index
$3,565/mo
Price-to-rent ratio
14.0x
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Fort Lee?
Fort Lee is a community of approximately 40K residents with a median age of 47.2 years.The median household income is $105,535, which reflects a relatively affluent area with strong earning potential. 64.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 57.5%, showing a blend of owner and renter-occupied properties. The average commute time is 34.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Fort Lee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Fort Lee?
6 schools tracked · 4,036 students
The largest public schools serving Fort Lee, 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.
Lewis F. Cole Middle School
Grades 5-8 · 1,186 students
Fort Lee High School
Grades 9-12 · 1,179 students
School No. 1
Grades K-4 · 546 students
School No. 4
Grades K-4 · 400 students
School No. 2
Grades PK-4 · 375 students
School No. 3
Grades PK-4 · 350 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 Fort Lee, NJ?
Want a head-to-head view? Compare Fort Lee side-by-side with any other U.S. city using our market-comparison tool.
Is Fort Lee a good real estate investment market?
For investors evaluating Fort Lee, the price-to-rent ratio of 14.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.3% 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 Fort Lee's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Fort Lee's median home price.
Frequently asked questions
What is the average home price in Fort Lee?
The median home sale price in Fort Lee is $395,000, down 5.3% from last year.
How long do homes stay on market in Fort Lee?
Homes typically spend 81 days on market before going under contract.
What is the median income in Fort Lee?
The median household income is $105,535 per year.
Is Fort Lee a buyer's or seller's market?
With 7.1 months of supply, Fort Lee is currently a buyer's market.
What is the Zillow home value estimate for Fort Lee?
The Zillow Home Value Index (ZHVI) for Fort Lee is $599,918, representing the typical home value in the area.
What is the median condo price in Fort Lee?
The median condo/co-op sale price in Fort Lee, NJ is $335,000, based on the latest Redfin data.
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