$6,519 Closing Credit*
$549,000
3 Beds
•1 Full Bath, 1 Partial
Patricia Cormack, Listing Office: Keller Williams Village Square Realty
Is Fair Lawn, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fair Lawn was a Seller's Market.
Key Takeaway
Fair Lawn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fair Lawn, NJ
How much do homes in Fair Lawn, NJ cost?
Median Sold Price
$628,500
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,500(+8.4%)
Key Takeaway
Homes in Fair Lawn have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Fair Lawn was $628,500 in November 2024, up 8.4% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $372.5K | $500K | +34.2% |
| 3 Bedrooms | $540K | $625K | +15.7% |
| 4 Bedrooms | $590K | $715K | +21.2% |
| 5+ Bedrooms | $892.5K | $927.5K | +3.9% |
Summary: Fair Lawn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in Fair Lawn, NJ
How many homes are available in Fair Lawn, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The Fair Lawn real estate market had 48 homes for sale in November 2024, a 17.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Fair Lawn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fair Lawn, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Fair Lawn in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Fair Lawn, NJ
We’re sorry, we don't have information for this market at the moment
