Fanwood Real Estate Market Trends 4 Year Analysis

January 29, 2017

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Fanwood continues to be one of the most highly sought towns in Union County. Here’s a snapshot of the 2016 real estate market:

Home Sales: 125 homes were sold in Fanwood in 2016, up 76% from the 71 homes that were sold in 2013.  This accompanied a relatively steady inventory throughout the past four years.

Sale Price: The average home sale price in Fanwood in 2016 was $430,269, up 11% from the average sale price of $386,777 in 2013.

Days on Market: Homes sold in 2016 were sold after 44 days on the market. Four years ago, it took an average of 76 days on the market for a home to sell.

Fanwood real estate year end trend analysis