$2,375 Closing Credit*
$199,999
1,165 SqFt
3 Beds
•1 Full Bath, 1 Partial
Susan Helen McGuirl, Listing Office: Romano Realty
Is Fairview, 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, Fairview was a Seller's Market.
Key Takeaway
Fairview is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairview, NJ
How much do homes in Fairview, NJ cost?
Median Sold Price
$125,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,750(-9.9%)
Key Takeaway
Homes in Fairview have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Fairview was $125,000 in November 2024, down 9.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $95.5K | 0.5% |
| 3 Bedrooms | $155K | $154.9K | 0% |
| 4 Bedrooms | $141K | $243K | +72.3% |
| 5+ Bedrooms | - | $165K | N/A |
Summary: Fairview 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 0.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 72.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Morgan Village | $160K | $147K | -8.1% |
| Fairview | $138.7K | $125K | -9.9% |
Housing Supply in Fairview, NJ
How many homes are available in Fairview, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Fairview real estate market had 28 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fairview housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairview in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Fairview, NJ
How long does it take to sell a home in Fairview, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 32 Days | -62.6% |
Summary: Homes in Fairview had an average of 32 days on market in Nov 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Fairview; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
