Fair Lawn, NJ 07410 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market indicator, the median sold price of 652,000, indicates realized transaction value and supports the view of sustained price strength in recent closings; this is paired with a median listing price of 749,950, which suggests a meaningful asking-to-sale gap that may create pricing friction for sellers (pricing gap).
2. Liquidity appears slower based on the median days on market of 271, which suggests extended marketing time and slower sales velocity despite a strong headline price environment. Treat longer days on market as evidence of search/negotiation friction rather than an outright market collapse.
3. Market context signals are supportive of sellers: the market temperature is hot and demand-side pressure appears to remain elevated, while rent dynamics are also strengthening with a median market rent of 3,400 and rent year-over-year trend marked as up — both signs of underlying housing demand.
4. Financing and affordability present a headwind: interest rate pressure is elevated, which may dampen buyer purchasing power and slow transaction turnover; combine that with a median price per square foot of 409 and you get a market that is expensive on a unit-area basis, reinforcing the need for realistic pricing strategies (elevated interest rate pressure).

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.