Fanwood, NJ—07023
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$818,000
5.3% YoY Growth
Household Income
$177,000
32.4% YoY Growth
Days on Market
22
11.0% Shorter YoY
Home Price Forecast
2.6%
Median Rent
$3,000
1.0% YoY Growth
1-Bed Rent
$2,300
1.7% YoY Growth
2-Bed Rent
$3,000
2.3% YoY Growth
3-Bed Rent
N/A
N/A
Home Price Trends — Fanwood, NJ
As of May '26, the median home price in Fanwood, NJ is $818,000, with a year-over-year change of 5.3%. This indicates that home prices in Fanwood, NJ are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $818,000 | 5.3% |
| Single Family | $820,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |