Tyler J. Sokolich, Listing Office: Sokolich Real Estate
Fort Lee Housing Market Report December 2024•Bergen County, New Jersey
Housing Prices in Fort Lee, NJ
How much do homes in Fort Lee, NJ cost?
Median List Price
Based on all homes listed in the last 12 months
The list price of homes in Fort Lee has increased by 23.3% since last year.
Summary: The median home list price in Fort Lee was $479,000 in December 2024, up 23.3% from the previous year, and the median price per square foot was $397.
Median List Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Englewood Cliffs | $1.2M | $3.1M | +155.0% |
Fort Lee | $388.5K | $479K | +23.3% |
Edgewater | $792K | $800K | +1.0% |
Median List Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $170K | $239K | +40.6% |
22 Bedrooms | $392K | $412K | +5.1% |
33 Bedrooms | $765.9K | $1.0M | +42.2% |
44 Bedrooms | $750K | $1.2M | +71.8% |
55+ Bedrooms | $1.1M | $1.6M | +44.2% |
Summary: Fort Lee housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +40.6%. The home price for 2 bedroom homes increased by +5.1%. The home price for 3 bedroom homes increased by +42.2%. The home price for 4 bedroom homes increased by +71.8%. The home price for 5 bedroom homes increased by +44.2%.
Housing supply in Fort Lee, NJ
How many homes are available in Fort Lee, NJ?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
170Last MonthDec 2024 | ||
1402 months agoNov 2024 | +21.4 % Change MoMNov – Dec |
Summary: The Fort Lee real estate market had 170 homes for sale in Dec 2024, a 21.4 % increase compared to Nov 2024.
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 41 | 52 | +26.8% |
22 Bedrooms | 43 | 45 | +4.7% |
33 Bedrooms | 30 | 41 | +36.7% |
44 Bedrooms | 14 | 20 | +42.9% |
55+ Bedrooms | 12 | 12 | 0.0% |
Summary: Fort Lee housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +26.8%. The inventory for 2 bedroom homes increased by +4.7%. The inventory for 3 bedroom homes increased by +36.7%. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Fort Lee, NJ cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price6 Homes
If you're buying a home in Fort Lee, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fort Lee in December 2024, up by 700.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and and 13% were sold over asking.
Days on Market for Fort Lee, NJ
How long does it take to sell a home in Fort Lee, NJ?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days3 Homes
Over 90 Days0 Home
Many homes in Fort Lee are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Fort Lee; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Listing Age
This Year | 1 year ago | Change YoY |
---|---|---|
83 DaysThis YearDec 2024 | ||
253 Days1 year agoDec 2023 | -66.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Fort Lee had an average listing age of 83 days in Dec 2024, down by 66.9% compared to the previous year.
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Newest Listings in Fort Lee, NJ
What homes are available in Fort Lee, NJ?
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MLS Disclaimers and Copyright
Based on information from New Jersey MLS, Garden State MLS, and Realty Multiple Listing System Inc. for the period 01/01/2023 - 01/01/2025
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:56:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 12:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:46:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.