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Fort Lee, NJ 07024

Condos/Townhomes

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Fort Lee, NJ 07024

Tue Apr 22 2025
This week the median list price for Fort Lee, NJ 07024 is $699,000 with the market action index hovering around 50. This is an increase over last month's market action index of 43. Inventory has decreased to 51. Click here to stay informed with the Fort Lee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Fort Lee, NJ 07024

Tue Apr 22 2025
This week the median list price for Fort Lee, NJ 07024 is $699,000 with the market action index hovering around 50. This is an increase over last month's market action index of 43. Inventory has decreased to 51. Click here to stay informed with the Fort Lee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Fort Lee market.
Median List Price $699,000
Median Price of New Listings $604,500
Per Square Foot $505
Average Days on Market 59
Median Days on Market 35
Price Decreased 25%
Price Increased 0%
Relisted 12%
Inventory 51
Median Rent
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,587,499 0 - 3 3.5 45 0 2 49
$899,000 1,774 - 2 2.5 30 3 3 56
$599,000 0 - 2 2 45 1 3 21
$339,000 940 1 - 2.5 acres 1 1 65 2 2 28