Fairfield, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 111 transactions over the past year in Fairfield. The median value for residential home transactions that occurred over the previous year is $704,560.62. The number of current listings in Fairfield is 4, and the percentage of properties for sale in the city is 4.00%. Fairfield, NJ currently has 35 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 4 properties for sale.
Fairfield, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07004 | $ 647,000 $ 364/sqft |
Housing Market Summary for Fairfield, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $439K | $608.2K | 38.54% |
Median Sold Price | $607.4K | $608.2K | 0.13% |
Homes For Sale | 1 | 3 | 200.00% |
Homes Sold | 68 | 59 | -13.24% |
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 Fairfield, NJ
Browse Homes in Fairfield, NJ
Fairfield home values range from $181,600 to $1,927,000. The median estimated value of a home in Fairfield is $704,560.62. The median list price of a home is 587,500, and the total count of properties in the city is 2,777.
- Pre-ForeclosurePre-foreclosure homes account for 1.22% of all residential properties in Fairfield, NJ with 07004 containing 34 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fairfield, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,156,000 in 07004 to the lowest home value of $474,800 in 07004.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Fairfield, NJ ranges from the highest value of $448,800 in 07004 to the lowest value of $448,800 in 07004. Bank owned homes and properties account for 0.04% of properties in Fairfield, NJ. There is 1 zips within Fairfield, NJ; 07004 containing 1 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 Fairfield, NJ. Auction homes and other auction properties account for 0% of all properties in Fairfield, NJ. There is 1 zips within Fairfield, 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.
Compare Nearby Cities
More Real Estate Resources for Fairfield, NJ
Guide for Fairfield, 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.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.