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CRANFORD, NJ 07016

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The CRANFORD, NJ real estate market (07016) currently shows 55 active listings, with 28 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are selling faster, averaging 21 days on market compared to 26 days last year.

The median listing price has fallen 8.2% year-over-year, from $783,125 to $718,750.

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Market Context

Market Context

Population: 23,838  ·  Density: 1,939.5/mi²  ·  Median household income: $152,941

Typical home value: $606,893  ·  Homeownership: 78.5%

Market Overview

Active Listings
55
⇧ 61.8% vs 34 last year
Pending
28
51% pending ratio
Median Price
$718,750
⇩ 8.2% vs $783,125 last year
Average Price
$886,487
⇧ 5.6% vs $839,125 last year
Days on Market
21
⇩ 19.2% vs 26 days last year

Price Per Square Foot

Median $/sqft
$421
⇧ 21.3% vs $347/sqft last year
Median Home Size
2,554 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 34 last year
  • Days on market: 21 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $718,750 (-8.2% YoY)
  • Average: $886,487 (+5.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.9 miles — 386 listings ($368,426,056 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07016Cranford, NJ 070160.0 mi27$25,139,700$777,000$931,100
07033Kenilworth, NJ 070331.7 mi16$11,830,576$724,500$739,411
07090Westfield, NJ 070902.1 mi43$63,194,477$1,274,470$1,469,639
07066Clark, NJ 070662.6 mi20$14,621,840$675,000$731,092
07081Springfield, NJ 070813.2 mi24$13,936,152$652,200$580,673
07065Rahway, NJ 070653.6 mi66$36,714,084$550,000$556,274
07076Scotch Plains, NJ 070764.0 mi49$50,033,949$980,356$1,021,101
07088Vauxhall, NJ 070884.4 mi7$3,209,500$424,500$458,500
07067Colonia, NJ 070674.5 mi40$36,143,840$724,500$903,596
07041Millburn, NJ 070414.6 mi17$25,779,106$1,583,750$1,516,418
07901Summit, NJ 079015.2 mi28$45,032,848$1,431,250$1,608,316
07040Maplewood, NJ 070405.5 mi31$18,743,964$498,950$604,644
07974New Providence, NJ 079745.9 mi18$24,046,020$1,450,000$1,335,890

Frequently Asked Questions

How many homes are for sale in CRANFORD, NJ 07016?

As of September 2026, there are 55 active listings in CRANFORD, NJ (zip code 07016), compared to 34 the prior year.

What is the median home price in CRANFORD, NJ 07016?

The median listing price in CRANFORD, NJ 07016 is $718,750 as of September 2026, a 8.2% decrease from $783,125 the prior year.

How long do homes stay on the market in CRANFORD, NJ?

Homes in CRANFORD, NJ 07016 spend an average of 21 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in CRANFORD, NJ 07016?

Based on current inventory and days-on-market data as of September 2026, CRANFORD, NJ 07016 is currently a Balanced Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 26 days last year.

How much can I save on real estate commission in CRANFORD, NJ?

With SELL123.com's maximum 3% commission, sellers in CRANFORD, NJ 07016 save an estimated $14,375 compared to a typical 5% commission on the median listing price of $718,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.