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GARWOOD, NJ 07027

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

Market Overview

Active Listings
10
⇧ 100% vs 5 last year
Pending
6
60% pending ratio
Median Price
$784,950
⇩ 19.4% vs $974,225 last year
Average Price
$834,975
⇩ 13% vs $959,867 last year
Days on Market
74
⇩ 34.5% vs 113 days last year

Market Context

Population: 4,542  ·  Density: 2,696.4/mi²  ·  Median household income: $107,823

Typical home value: $470,361  ·  Homeownership: 51.1%

Market Analysis

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

The GARWOOD, NJ real estate market (07027) currently shows 10 active listings, with 6 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 74 days on market compared to 113 days last year.

The median listing price has fallen 19.4% year-over-year, from $974,225 to $784,950.

Whether you are buying or selling in GARWOOD, 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: 10 this year vs 5 last year
  • Days on market: 74 now vs 113 last year

Median & Average Pricing

Year over Year
  • Median: $784,950 (-19.4% YoY)
  • Average: $834,975 (-13% 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 5.7 miles — 329 listings ($256,739,533 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07027Garwood, NJ 070270.0 mi10$8,349,750$784,950$834,975
07016Cranford, NJ 070161.1 mi27$17,990,316$639,500$666,308
07033Kenilworth, NJ 070332.6 mi17$11,400,659$649,999$670,627
07076Scotch Plains, NJ 070762.9 mi43$46,270,967$923,750$1,076,069
07203Roselle, NJ 072033.3 mi46$23,950,912$517,500$520,672
07023Fanwood, NJ 070233.3 mi12$9,599,868$749,000$799,989
07067Colonia, NJ 070674.1 mi35$33,269,775$749,250$950,565
07062Plainfield, NJ 070624.4 mi34$16,997,076$483,000$499,914
07901Summit, NJ 079014.9 mi19$34,791,185$1,300,000$1,831,115
07041Millburn, NJ 070415.1 mi9$9,526,500$1,200,000$1,058,500
07208Elizabeth, NJ 072085.4 mi23$13,997,133$637,500$608,571
07202Elizabeth, NJ 072025.6 mi18$7,702,200$375,000$427,900
08830Iselin, NJ 088305.7 mi36$22,893,192$550,000$635,922

Frequently Asked Questions

How many homes are for sale in GARWOOD, NJ 07027?

As of January 2026, there are 10 active listings in GARWOOD, NJ (zip code 07027), compared to 5 the prior year.

What is the median home price in GARWOOD, NJ 07027?

The median listing price in GARWOOD, NJ 07027 is $784,950 as of January 2026, a 19.4% decrease from $974,225 the prior year.

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

Homes in GARWOOD, NJ 07027 spend an average of 74 days on the market before going under contract, compared to 113 days the prior year.

Is it a seller's or buyer's market in GARWOOD, NJ 07027?

Based on current inventory and days-on-market data as of January 2026, GARWOOD, NJ 07027 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 74 days on market compared to 113 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GARWOOD, NJ 07027 save an estimated $15,699 compared to a typical 5% commission on the median listing price of $784,950. 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.