Why Live in Fanwood
Fanwood, New Jersey, is a small borough known for its strong sense of community and historical charm. Residents celebrate local traditions like Fanny Wood Day, featuring vendors, live music, and food contests. The area boasts a variety of home styles, including Cape Cods, bungalows, Colonial Revivals, split-levels, bi-levels, traditional homes, and Tudor-inspired properties, many with detached garages and shaded by century-old oak trees. Fanwood is recognized for its highly rated schools, such as Brunner, Coles, School One, Nettingham Middle, Terrill Middle, and Scotch Plains-Fanwood High School, which is noted for its Repertory Theater and Practical Arts Department. For things to do, Fanwood offers diverse dining options along South Avenue, including Nostimo for Greek cuisine, Fabio’s Bistro for pizza, and Bagel Cafe NJ for fresh bagels. The borough hosts annual events like Easter egg hunts, movie nights, and music festivals at La Grande Park. Outdoor enthusiasts can enjoy Forest Road Park's sports facilities and Fanwood Nature Center's butterfly garden and trails. The Raritan Valley Line provides convenient access to Newark and New York City, while nearby airports include Newark Liberty International, LaGuardia, and JFK. Medical services are available at Scotch Plain Medical Center/Urgent Care and Muhlenberg Regional Medical Center.
Frequently Asked Questions
What is the average home price in Fanwood, NJ?
Homes for sale in Fanwood, NJ have an average home price of $858,833.
How many homes have sold over the last 12 months in Fanwood, NJ?
81 homes have sold in Fanwood, NJ over the last 12 months.
What are the most popular zip codes in Fanwood, NJ?
How much do you need to make to afford a house in Fanwood?
The median home price in Fanwood is $800,000. If you put a 20% down payment of $160,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $4,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $178K a year to afford the median home price in Fanwood.
How are the schools in Fanwood, NJ?
Home Trends in Fanwood, NJ
On average, homes in Fanwood, NJ sell after 23 days on the market compared to the national average of 51 days. The median sale price for homes in Fanwood, NJ over the last 12 months is $779,000, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$779,000
Median Single Family Sale Price
$798,080
Average Price Per Sq Ft
$449
Number of Homes for Sale
7
Last 12 months Home Sales
81
Median List Price
$800,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%