Fair Lawn, NJ 07410 Real Estate Market Report

ZIP Code: 07410
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Fair Lawn, NJ is characterized by a median sold price of $679,000, reflecting a stable market environment with no significant price fluctuations noted. The neighborhood has remained relatively stable, with a flat price year-over-year trend, suggesting a balanced dynamic between buyers and sellers. The median days on market stands at 236, indicating a slower sales velocity, which may imply that buyers are taking their time to make decisions in the current market context.

Despite the moderate sales activity, rental demand remains robust, with a median market rent of $3,390, which is on the rise year-over-year. This increase in rental prices, coupled with elevated interest rate pressure—with current 30-year fixed mortgage rates averaging 6.39%, up from 5.50% earlier this year—may be influencing buyer behavior, leading to a more cautious approach in the sales market. Overall, the market appears to be in a neutral state, with both buyers and sellers adjusting to current economic conditions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Fair Lawn, NJ are averaging 6.39% as of April 1, 2026, which is 0.88% higher than the average rate of 5.50% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $679,000 indicates a stable market with no significant price changes recently, suggesting flat pricing dynamics.

2. With a median days on market of 236, the market is experiencing slower sales velocity, indicating that properties may be taking longer to sell than in previous periods.

3. The median market rent has increased to $3,390, reflecting strong rental demand and upward pressure on rental prices year-over-year.

4. Current mortgage rates at 6.39% indicate elevated interest rate pressure, potentially affecting buyer affordability and market activity.

5. The overall market temperature is neutral, suggesting a balanced environment where both buyers and sellers are adjusting to current economic conditions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.