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CRANFORD, NJ 07016

Real Estate Market Report  ·  Union County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇧ 17.4% vs 23 last year
Pending
18
67% pending ratio
Median Price
$639,500
⇩ 15.4% vs $756,000 last year
Average Price
$666,308
⇩ 22.4% vs $858,617 last year
Days on Market
19
⇧ 11.8% vs 17 days last year

Market Context

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

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

Market Analysis

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

The CRANFORD, NJ real estate market (07016) currently shows 27 active listings, with 18 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 19 days on market compared to 17 days last year.

The median listing price has fallen 15.4% year-over-year, from $756,000 to $639,500.

Whether you are buying or selling in CRANFORD, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 23 last year
  • Days on market: 19 now vs 17 last year

Median & Average Pricing

Year over Year
  • Median: $639,500 (-15.4% YoY)
  • Average: $666,308 (-22.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.9 miles — 333 listings ($298,902,266 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07016Cranford, NJ 070160.0 mi27$17,990,316$639,500$666,308
07033Kenilworth, NJ 070331.7 mi17$11,400,659$649,999$670,627
07090Westfield, NJ 070902.1 mi31$39,987,954$1,223,940$1,289,934
07066Clark, NJ 070662.6 mi24$18,987,048$675,000$791,127
07081Springfield, NJ 070813.2 mi26$15,034,578$599,000$578,253
07065Rahway, NJ 070653.6 mi54$29,794,014$550,000$551,741
07076Scotch Plains, NJ 070764.0 mi43$46,270,967$923,750$1,076,069
07088Vauxhall, NJ 070884.4 mi7$3,300,381$422,500$471,483
07067Colonia, NJ 070674.5 mi35$33,269,775$749,250$950,565
07041Millburn, NJ 070414.6 mi9$9,526,500$1,200,000$1,058,500
07901Summit, NJ 079015.2 mi19$34,791,185$1,300,000$1,831,115
07040Maplewood, NJ 070405.5 mi29$21,809,189$649,500$752,041
07974New Providence, NJ 079745.9 mi12$16,739,700$1,550,000$1,394,975

Frequently Asked Questions

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

As of January 2026, there are 27 active listings in CRANFORD, NJ (zip code 07016), compared to 23 the prior year.

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

The median listing price in CRANFORD, NJ 07016 is $639,500 as of January 2026, a 15.4% decrease from $756,000 the prior year.

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

Homes in CRANFORD, NJ 07016 spend an average of 19 days on the market before going under contract, compared to 17 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 January 2026, CRANFORD, NJ 07016 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 19 days on market compared to 17 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 $12,790 compared to a typical 5% commission on the median listing price of $639,500. 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.