Fairview, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 70 transactions over the past year in Fairview. The median value for residential home transactions that occurred over the previous year is $627,939.92. The number of current listings in Fairview is 3, and the percentage of properties for sale in the city is 3.00%. Fairview, NJ currently has 21 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 3 properties for sale.
Fairview, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07022 | $ 585,300 $ 345/sqft |
Housing Market Summary for Fairview, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $680K | $639K | -6.03% |
| Median Sold Price | $561.5K | $639K | 13.80% |
| Homes For Sale | 3 | 4 | 33.33% |
| Homes Sold | 45 | 43 | -4.44% |
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 Fairview, NJ
Browse Homes in Fairview, NJ
Fairview home values range from $236,200 to $1,732,000. The median estimated value of a home in Fairview is $627,939.92. The median list price of a home is 649,900, and the total count of properties in the city is 2,186.
- Pre-ForeclosurePre-foreclosure homes account for 0.87% of all residential properties in Fairview, NJ with 07022 containing 19 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fairview, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,087,000 in 07022 to the lowest home value of $265,700 in 07022.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Fairview, NJ ranges from the highest value of $503,100 in 07022 to the lowest value of $503,100 in 07022. Bank owned homes and properties account for 0.05% of properties in Fairview, NJ. There is 1 zips within Fairview, NJ; 07022 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07022 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Fairview, NJ. Auction homes and other auction properties account for 0.05% of all properties in Fairview, NJ. There is 1 zips within Fairview, NJ; of that zips, the median estimated home value for homes going to auction ranges from $630,700 in 07022 to the lowest value of $630,700 in 07022.
Compare Nearby Cities
More Real Estate Resources for Fairview, NJ
Guide for Fairview, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?
RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.