Fanwood, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 84 transactions over the past year in Fanwood. The median value for residential home transactions that occurred over the previous year is $757,539.72. The number of current listings in Fanwood is 74, and the percentage of properties for sale in the city is 92.50%. Fanwood, NJ currently has 6 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 74 properties for sale.
Fanwood, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07023 | $ 749,000 $ 497/sqft |
Housing Market Summary for Fanwood, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $600K | $777.3K | 29.56% |
| Median Sold Price | $810.7K | $777.3K | -4.12% |
| Homes For Sale | 18 | 67 | 272.22% |
| Homes Sold | 39 | 25 | -35.90% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Fanwood, NJ
Browse Homes in Fanwood, NJ
Fanwood home values range from $387,369 to $1,862,288. The median estimated value of a home in Fanwood is $757,539.72. The median list price of a home is 749,000, and the total count of properties in the city is 2,525.
- Pre-ForeclosurePre-foreclosure homes account for 0.24% of all residential properties in Fanwood, NJ with 07023 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fanwood, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $749,000 in 07023 to the lowest home value of $409,403 in 07023.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Fanwood, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Fanwood, NJ. There is 1 zips within Fanwood, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Fanwood, NJ. Auction homes and other auction properties account for 0% of all properties in Fanwood, NJ. There is 1 zips within Fanwood, NJ; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.