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Featured local agent — Garfield, NJ
Sarah Mitchell
Compass Real Estate · Garfield, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Garfield, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$635,000median sale price
How is the Garfield, NJ housing market right now?
The median home sale price in Garfield, NJ is $635,000, up 9.5% year-over-year. Homes sell in an average of 40 days with 44 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 Garfield a buyer's or seller's market?
Garfield, NJ is currently a strong seller's market, based on 2.9 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
40
Average pace
Active listings
44
2.9 months supply
Sale-to-list
105.6%
Above asking
What does the Garfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $635,000 |
| Median list price | $555,000 |
| Year-over-year price change | +9.5% |
| Average days on market | 40 days |
| Active inventory | 44 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 105.6% |
| Median price per sq ft | $338/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 12 |
| Listings with a price cut | 9.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Garfield by property type?
How the Garfield, 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 | $569,500 | $341/sq ft | 8 | 30 days |
| Condo / Co-op | $315,000 | $421/sq ft | 1 | 83 days |
| Townhouse | $530,000 | $354/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Garfield housing market is currently classified as a strong seller's market with a median sale price of $635,000. Prices have risen 9.5% compared to last year, with homes spending an average of 40 days on market, indicating 2.9 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 7.9x provides context for how home values compare to local earning capacity.
Homes for sale in Garfield
There are currently 44 homes listed for sale in Garfield, New Jersey. The median listing price is $555K.
Active listings
44
Homes on market
Median list price
$555K
Avg. days on market
40
Days until sale
New this week
12
Newly listed
Who lives in Garfield?
Population
32,502
Median income
$75,701/yr
Median age
39 years
Owner-occupied
45.4%
College grads
24.3%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Garfield?
Zillow home value
$595,434
Zillow rent index
$2,423/mo
Price-to-rent ratio
20.5x
Price-to-income
7.9x
Source: Zillow Research
What is it like to live in Garfield?
Garfield is a community of approximately 33K residents with a median age of 39 years.The median household income is $75,701, which reflects a relatively affluent area with strong earning potential. 24.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 45.4%, showing a blend of owner and renter-occupied properties. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Garfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Garfield?
12 schools tracked · 6,080 students
The largest public schools serving Garfield, 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.
Bergen Arts and Sciences Charter School
Grades K-12 · 1,280 students
Garfield High School
Grades 9-12 · 1,264 students
Garfield Middle School
Grades 6-8 · 952 students
Washington Irving School #4
Grades PK-5 · 395 students
Christopher Columbus School #8
Grades PK-5 · 392 students
Abraham Lincoln School #6
Grades PK-5 · 380 students
Thomas Jefferson School #9
Grades PK-5 · 369 students
Roosevelt School #7
Grades PK-5 · 312 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 Garfield, NJ?
Want a head-to-head view? Compare Garfield side-by-side with any other U.S. city using our market-comparison tool.
Is Garfield a good real estate investment market?
For investors evaluating Garfield, the price-to-rent ratio of 20.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Garfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Garfield's median home price.
Frequently asked questions
What is the average home price in Garfield?
The median home sale price in Garfield is $635,000, up 9.5% from last year.
How long do homes stay on market in Garfield?
Homes typically spend 40 days on market before going under contract.
What is the median income in Garfield?
The median household income is $75,701 per year.
Is Garfield a buyer's or seller's market?
With 2.9 months of supply, Garfield is currently a strong seller's market.
What is the Zillow home value estimate for Garfield?
The Zillow Home Value Index (ZHVI) for Garfield is $595,434, representing the typical home value in the area.
What is the median condo price in Garfield?
The median condo/co-op sale price in Garfield, NJ is $315,000, compared to $569,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Garfield?
The median single-family home price in Garfield, NJ is $569,500 (about $341 per square foot).
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