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FANWOOD, NJ 07023

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

Market Overview

Active Listings
12
vs 12 last year
Pending
3
25% pending ratio
Median Price
$749,000
⇩ 3.9% vs $779,450 last year
Average Price
$799,989
⇩ 13.1% vs $920,816 last year
Days on Market
73
⇧ 356.3% vs 16 days last year

Market Context

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

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

Market Analysis

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

The FANWOOD, NJ real estate market (07023) currently shows 12 active listings, with 3 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 73 days on market compared to 16 days last year.

The median listing price has fallen 3.9% year-over-year, from $779,450 to $749,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 73 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $749,000 (-3.9% YoY)
  • Average: $799,989 (-13.1% 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 6.2 miles — 317 listings ($233,295,944 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07023Fanwood, NJ 070230.0 mi12$9,599,868$749,000$799,989
07062Plainfield, NJ 070621.2 mi34$16,997,076$483,000$499,914
07060Plainfield, NJ 070602.6 mi56$26,697,104$484,500$476,734
07092Mountainside, NJ 070923.0 mi10$10,106,040$999,000$1,010,604
07027Garwood, NJ 070273.3 mi10$8,349,750$784,950$834,975
07063Plainfield, NJ 070634.0 mi24$12,304,224$507,450$512,676
07016Cranford, NJ 070164.4 mi27$17,990,316$639,500$666,308
07080South Plainfield, NJ 070804.9 mi51$32,897,703$599,900$645,053
07081Springfield, NJ 070815.1 mi26$15,034,578$599,000$578,253
07933Gillette, NJ 079335.5 mi9$6,587,775$599,900$731,975
08812Dunellen, NJ 088125.7 mi33$29,319,312$550,000$888,464
07928Chatham, NJ 079286.0 mi22$45,096,348$1,895,000$2,049,834
07980Stirling, NJ 079806.2 mi3$2,315,850$771,950$771,950

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in FANWOOD, NJ (zip code 07023), compared to 12 the prior year.

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

The median listing price in FANWOOD, NJ 07023 is $749,000 as of January 2026, a 3.9% decrease from $779,450 the prior year.

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

Homes in FANWOOD, NJ 07023 spend an average of 73 days on the market before going under contract, compared to 16 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 January 2026, FANWOOD, NJ 07023 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 73 days on market compared to 16 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 $14,980 compared to a typical 5% commission on the median listing price of $749,000. 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.