Housing Prices in Fort Lee, NJ
How much do homes in Fort Lee, NJ cost?
Median List Price
$410,000
$481/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Fort Lee has increased by 34.4% since last year.
Summary: The median home list price in Fort Lee was $410,000 in May 2024, up 34.4% from the previous year, and the median price per square foot was $481.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $193.5K | -10.0% |
| 2 Bedrooms | $265K | $362.5K | +36.8% |
| 3 Bedrooms | $730.9K | $977.5K | +33.7% |
| 4 Bedrooms | $749.5K | $1.2M | +66.6% |
| 5+ Bedrooms | $1.0M | $1.8M | +71.5% |
Summary: Fort Lee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 66.6%, and 5+ bedroom homes increased by 71.5%.
Housing Supply in Fort Lee, NJ
How many homes are available in Fort Lee, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 120 | +71.4% |
Summary: The Fort Lee real estate market had 120 homes for sale in May 2024, a 71.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 31 | +93.8% |
| 2 Bedrooms | 25 | 43 | +72.0% |
| 3 Bedrooms | 15 | 23 | +53.3% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Fort Lee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 93.8%, 2 bedroom homes increased by 72%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 40%.
Days on Market for Fort Lee, NJ
How long does it take to sell a home in Fort Lee, NJ?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 289 Days | 71 Days | -75.3% |
Summary: Homes in Fort Lee had an average listing age of 71 days in May 2024, down by 75.3% compared to the previous year.
