The borough of Fanwood, NJ is home to just under 7500 people. Students in Fanwood are served by the Scotch Plains-Fanwood Regional School District. The Fanwood station is a New Jersey Transit railroad station on the Raritan Valley Line, making Fanwood a convenient home for commuters to NYC.
Inventory is down in Fanwood. There are currently 17 single family homes offered for sale in Fanwood, ranging in price from $199,000 to $770,000. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December. While inventory has shrunk (25 active listings a month ago, 32 listings a year ago), sales have been brisk. Eight homes have sold so far in January, compared to the total of 5 homes sold during the entire month of December.
As you might anticipate, the average days on market of homes sold in Fanwood is very low. The county average days on market in 2013 was 74 days. The 2013 average for Fanwood was only 56 days and the December average was 46 days.
With homes selling this quickly in Fanwood, how are prices affected? The average sale price in Fanwood in December was $415,600. The average sale price in December of 2012was $405,000 and the average in all of 2013 was $427,709. This is about average for Union County.
What does this mean to the home buyer or seller in Fanwood? Call Team Zuhl today!
For more information on selling a home:
- 3 Simple Steps To Selling Your Home Fast – 03/26/12
- 4 Ways to Get Union County Homes to Sell Quicker!! – 01/12/12
For more information on Fanwood Real Estate:
- The Fanwood Real Estate Market Update – 12/14/13
- Fanwood’s October Market Report – 11/8/2013
- Fanwood Real Estate Market Report – August 2013 – 08/14/13
- 5 Steps to Sell your Fanwood Home! – 07/30/13
- Months of Supply in Fanwood – 07/13/13
- Real Estate Market Report for Fanwood, NJ for April, 2013 – 05/07/13
- Fanwood Real Estate – January-March, 2013 – 04/14/13
- How long will my Union County home be on the market? – 02/24/13
- Fanwood Real Estate Market Report – 12/27/12
- It’s a Seller’s Market in Fanwood, NJ! – 10/26/12
- Free Market Report of Fanwood Homes! – 08/14/12
- Fanwood’s First Half of 2012 – 07/09/12
- Fanwood NJ Market Report – 02/14/12