$3,563 Closing Credit*
$300,000
1,158 SqFt
3 Beds
•1 Full Bath
Tracy Gallo, Listing Office: Exit Homestead Realty Professionals
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
$575,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-0.9%)
Key Takeaway
Homes in Fairfield Township have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Fairfield Township was $575,000 in October 2024, down 0.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $575K | $290K | -49.6% |
| 3 Bedrooms | $325K | $310K | -4.6% |
| 4 Bedrooms | $727.5K | $790K | +8.6% |
| 5+ Bedrooms | $1.0M | $984.5K | -6.2% |
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 decreased by 49.6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Cedarville | $180K | $245K | +36.1% |
| Bridgeton | $225.3K | $249K | +10.5% |
| Fairfield Township | $580K | $575K | -0.9% |
| Hopewell Township | $465K | $389.9K | -16.2% |
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 |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The Fairfield Township real estate market had 41 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 15 | 15 | 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 increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 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 13 homes were sold or pending in Fairfield Township in October 2024, up by 44.4% month-over-month. Of the 13 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
How long does it take to sell a home in Fairfield Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 28 Days | +124.2% |
Summary: Homes in Fairfield Township had an average of 28 days on market in Oct 2024, up by 124.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Fairfield Township; 23% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.