Real Estate Market Update for 07026 (Garfield, NJ)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 29% from one year earlier, and up 26% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 100%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The number of units sold decreased 100% year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 07026 (Garfield, NJ)
Area Information for 07026 (Garfield, NJ)
  • Population: 30,332
  • Median Age: 34.76 yr
  • Median Commute Time: 20.56 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 13,935/sq mi
  • Population Change Since 2000: 3.73%
  • Closest Airport: Newark Liberty International
  • Closest College: Felician College
  • Closest Jr. College: Dover Business College
  • Median Household Income: $52,520
  • Annual Residential Turnover: 15.15%
  • Median Years in Residence: 2.71 yr
  • Median Home Sales Price: $263,500
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07026 (Garfield, NJ)
Median Age: 34.76 Married: 30% Number of Households: 10,972 Households with Children: 3,916
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07026 (Garfield, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Columbus School no 8 0.1 mi Public K-5 2 4
      Reed Academy 0.2 mi Private PRESCHOOL-12 0 0
      Woodrow Wilson School no 5 0.3 mi Public K-5 2-5 3
      Margaret P Muscarelle Child Dev 0.3 mi Private PRESCHOOL-K 0 0
      Garfield High School 0.3 mi Public 9-12 1 2
      Roosevelt School no 7 0.4 mi Public K-5 2-5 3
      Bergen Arts And Sciences Charter School 0.6 mi Public K-6 4 4
      Northeast Christian Academy 0.6 mi Private PRESCHOOL-11 0 5
      Garfield Middle School 0.7 mi Public 6-8 0 0
      Lincoln School no 6 0.8 mi Public K-5 2 3
      Washington Irving School no 4 0.8 mi Public 2-5 2-5 3
      Madison School no 10 0.8 mi Public PRESCHOOL-5 2-5 3
      School no 4 Annex 0.8 mi Public PRESCHOOL-1 0 2
      Garfield Early Childhood 0.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 07026 (Garfield, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.