$950 Closing Credit*
$80,000
800 SqFt
2 Beds
•1 Full Bath
Edward John Quinn, Listing Office: Crowley & Carr, Inc.
Is Fairview, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Fairview was a Seller's Market.
Key Takeaway
Fairview is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairview, NJ
How much do homes in Fairview, NJ cost?
Median Sold Price
$120,750
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$11,750(-8.9%)
Key Takeaway
Homes in Fairview have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Fairview was $120,750 in September 2024, down 8.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $87.5K | -7.9% |
| 3 Bedrooms | $144.2K | $154.9K | +7.5% |
| 4 Bedrooms | $141K | - | N/A |
| 5+ Bedrooms | $90K | $165K | +83.3% |
Summary: Fairview housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 83.3%.
Housing Supply in Fairview, NJ
How many homes are available in Fairview, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 30 | +66.7% |
Summary: The Fairview real estate market had 30 homes for sale in September 2024, a 66.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 11 | 21 | +90.9% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Fairview housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 90.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Fairview in September 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 86 Days | +263.4% |
Summary: Homes in Fairview had an average of 86 days on market in Sep 2024, up by 263.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 September 2024, 5 homes were sold in Fairview; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
