Fanwood Real Estate Market Update – April 2017

April 11, 2017

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Experts predict that home values nationally will appreciate by an average of 3.22% over the next 5 years. If you’re thinking of buying or selling a home in Fanwood, here’s what you need to know about the local real estate market.

There are currently 25 homes offered for sale in Fanwood ranging in price from $315,000 to $969,000. Seven homes were sold in March at an average price of $423,071. Prices tend to fluctuate heavily in Fanwood because of the low inventory.

fanwood prices march 2017

As of today, 64% of the homes listed in Fanwood are listed for $500,000 or less.

fanwood list prices april 2017

Fanwood offers excellent schools and a convenient commute to New York City. To see earlier market reports of Fanwood, please click here. If you’re thinking of buying or selling a Fanwood home, please call us at 908-917-4189.