Is Fairview, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview is a neutral'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

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $95K$87.5K
-7.9%
3 $144.2K$154.9K
+7.5%
4 $141K-
N/A
5+ $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 2024Sep 2024CHANGE
1830+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

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1121
+90.9%
4 01
+100.0%
5+ 02
+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 2024Sep 2024CHANGE
25+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

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
23 Days86 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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