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Crestwood

FANWOOD, NJ 07023

Real Estate Market Report  ·  Union County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07023

Crestwood

Market Analysis

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

The FANWOOD, NJ real estate market (07023) currently shows 21 active listings, with 9 pending sales. Homes are averaging 18 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 selling faster, averaging 18 days on market compared to 54 days last year.

The median listing price has fallen 17.9% year-over-year, from $849,900 to $697,500.

Whether you are buying or selling in FANWOOD, 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 Context

Market Context

Population: 7,723  ·  Density: 2,225.9/mi²  ·  Median household income: $177,727

Typical home value: $590,907  ·  Homeownership: 86.8%

Market Overview

Active Listings
21
⇧ 23.5% vs 17 last year
Pending
9
43% pending ratio
Median Price
$697,500
⇩ 17.9% vs $849,900 last year
Average Price
$713,836
⇩ 26.6% vs $972,760 last year
Days on Market
18
⇩ 66.7% vs 54 days last year

Price Per Square Foot

Median $/sqft
$395
⇧ 25% vs $316/sqft last year
Median Home Size
1,644 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 17 last year
  • Days on market: 18 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $697,500 (-17.9% YoY)
  • Average: $713,836 (-26.6% 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 6.2 miles — 331 listings ($280,638,222 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07023Fanwood, NJ 070230.0 mi15$11,782,410$738,700$785,494
07062Plainfield, NJ 070621.2 mi30$14,979,600$489,300$499,320
07060Plainfield, NJ 070602.6 mi62$32,140,118$489,500$518,389
07092Mountainside, NJ 070923.0 mi11$12,723,337$1,075,500$1,156,667
07027Garwood, NJ 070273.3 mi8$6,973,168$773,875$871,646
07063Plainfield, NJ 070634.0 mi30$14,379,870$487,400$479,329
07016Cranford, NJ 070164.4 mi27$25,139,700$777,000$931,100
07080South Plainfield, NJ 070804.9 mi41$25,505,977$583,000$622,097
07081Springfield, NJ 070815.1 mi24$13,936,152$652,200$580,673
07933Gillette, NJ 079335.5 mi5$3,947,835$508,750$789,567
08812Dunellen, NJ 088125.7 mi35$31,116,050$517,450$889,030
07928Chatham, NJ 079286.0 mi39$84,926,205$1,916,000$2,177,595
07980Stirling, NJ 079806.2 mi4$3,087,800$771,950$771,950

Frequently Asked Questions

How many homes are for sale in FANWOOD, NJ 07023?

As of March 2026, there are 21 active listings in FANWOOD, NJ (zip code 07023), compared to 17 the prior year.

What is the median home price in FANWOOD, NJ 07023?

The median listing price in FANWOOD, NJ 07023 is $697,500 as of March 2026, a 17.9% decrease from $849,900 the prior year.

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

Homes in FANWOOD, NJ 07023 spend an average of 18 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in FANWOOD, NJ 07023?

Based on current inventory and days-on-market data as of March 2026, FANWOOD, NJ 07023 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 18 days on market compared to 54 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FANWOOD, NJ 07023 save an estimated $13,950 compared to a typical 5% commission on the median listing price of $697,500. 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.