Fair Lawn, NJ 07410 Real Estate Market Report

ZIP Code: 07410
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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Property Taxes

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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.

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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 approximately 6.3% compared to the 5.9% average seen in early 2026, indicating that property owners who secured loans earlier this year locked in more favorable rates.

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. median sold price: 669,000 is the primary indicator of recent market value and suggests realized transaction pricing is notably below asking expectations, given the median listing price: 799,000, which may indicate pricing friction between seller expectations and closed sales. pricing gap

2. median days on market: 277 points to slower sales velocity and extended listing periods versus more liquid markets; this suggests buyers are exercising greater selectivity and that patience is required to close at or near asking prices. slower velocity

3. median price per square foot: 421 combined with the median sold price: 669,000 indicates buyers are transacting at a premium per unit area relative to many suburban comparables, supporting a narrative of compact value capture in Fair Lawn. value per sqft

4. Market context metrics show the price year-over-year trend: up while market temperature: neutral and interest rate pressure: moderate, implying price appreciation momentum exists but buyer affordability and deal pacing may be tempered by higher financing costs (current 30-year fixed near 6.3% vs. 5.9% earlier in 2026). moderate headwinds

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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.

Fair Lawn, NJ 07410 Real Estate Market Report

ZIP Code: 07410
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 approximately 6.3% compared to the 5.9% average seen in early 2026, indicating that property owners who secured loans earlier this year locked in more favorable rates.

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 neighborhood's primary market indicator, the median sold price, is $698,000, signaling the representative recent sale level and supporting moderate price appreciation given the wider context of the market; up year-over-year price trend underscores continuing upward pressure on values.

2. Despite the relatively strong median sold price of $698,000, liquidity appears slower with a median days on market of 366, which may indicate slower sales velocity and increased time required to convert listings into closed transactions.

3. Unit-level value metrics show a median price per square foot of $414 and a median market rent of $1,950, which together suggest pricing that supports rental parity considerations for investors while rent trends remain flat year-over-year.

4. Macroeconomic and financing conditions are a moderating factor: the local market temperature is reported as neutral while interest rate pressure is moderate, with current mortgage conditions noted as higher than earlier in the year, which may temper buyer urgency and affect purchase financing decisions.

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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.