Updated May 2026 · Redfin · 3-month window
07023 Real Estate Market Update: Fanwood, NJ, May 2026
The latest housing-market numbers for ZIP code 07023 in Fanwood, New Jersey, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $775K | • 0.0% | ▼ -5.5% |
| Days on market | 19 | ▲ +18.8% | ▲ +46.2% |
| Homes for sale | 6 | ▼ -45.5% | ▼ -50.0% |
| Sale-to-list | 106.2% | ▼ -1.0% | ▼ -2.6% |
| Homes sold | 23 | ▲ +21.1% | ▲ +35.3% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 07023 numbers say
The 07023 ZIP in Fanwood is cooling. The median sale price sits at $775,000, 5.5% below last year. Homes here move fast: a typical listing goes under contract in about 19 days, and sellers are getting 106.2% of list price.
Based on 23 recent sales, 07023 is currently an active market.
What this means if you sell in 07023
Use these figures to set expectations early. Lead a listing appointment with the median price and the 19-day pace, show the year-over-year direction, and frame 07023 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Fanwood post →Frequently asked: the 07023 housing market
- What is the median home price in ZIP 07023 (Fanwood, NJ)?
- As of May 2026, the median sale price in ZIP 07023 is $775,000 (-5.5% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 07023 a buyer's or seller's market right now?
- ZIP 07023 is currently an active market, based on a 106.2% sale-to-list ratio, about 19 days on market for May 2026.
- How long do homes take to sell in ZIP 07023?
- A typical listing in 07023 goes under contract in about 19 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 07023 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.