$6,876 Closing Credit*
$579,000
3 Beds
•2 Full Baths
Listing Office: LATTIMER REALTY
Is Fairfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairfield Township has remained a Seller's Market.
Key Takeaway
Fairfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield Township, NJ
How much do homes in Fairfield Township, NJ cost?
Median Sold Price
$715,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+11.7%)
Key Takeaway
Homes in Fairfield Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Fairfield Township was $715,000 in October 2024, up 11.7% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $605K | $607.5K | 0.4% |
| 3 Bedrooms | $610K | $612.5K | 0.4% |
| 4 Bedrooms | $735.5K | $795K | +8.1% |
| 5+ Bedrooms | $1.0M | $999K | -4.8% |
Summary: Fairfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Montville Township | $694.5K | $821K | +18.2% |
| Fairfield Township | $640K | $715K | +11.7% |
| Fairfield | $645K | $720K | +11.6% |
| Lincoln Park | $429.5K | $475K | +10.6% |
Housing Supply in Fairfield Township, NJ
How many homes are available in Fairfield Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Fairfield Township real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fairfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Fairfield Township in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fairfield Township, NJ
We’re sorry, we don't have information for this market at the moment
