The Fort Lee housing market is not very competitive. The median sale price of a home in Fort Lee was $291K last month, down 49.6% since last year. The median sale price per square foot in Fort Lee is $360, down 3.1% since last year.
What is the housing market like in Fort Lee today?
In March 2024, Fort Lee home prices were down 49.6% compared to last year, selling for a median price of $291K. On average, homes in Fort Lee sell after 118 days on the market compared to 119 days last year. There were 40 homes sold in March this year, down from 43 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$291,250
-49.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Fort Lee, NJ
$291,250
-49.6%
United States
To compare other locations to the Fort Lee and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Fort Lee's median sale price is 31% lower than the national average. Overall cost of living in Fort Lee is 20% higher than the national average. Learn which home features in Fort Lee add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Fort Lee housing market?
Fort Lee is not very competitive. Homes sell in 123 days.
0
100
14
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 123 days.
Hot homes
can sell for around list price and go pending in around 76 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
96.3%
-2.1 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Fort Lee, NJ
96.3%
-2.1 pt
United States
Fort Lee Migration & Relocation Trends
In Jan '24 - Mar '24, 30% of Fort Lee homebuyers searched to move out of Fort Lee, while 70% looked to stay within the metropolitan area.
Where are people moving to Fort Lee from?
Across the nation, 3% of homebuyers searched to move into Fort Lee from outside metros.
Peoria homebuyers searched to move into Fort Lee more than any other metro followed by Springfield and Lincoln.
Where are people from Fort Lee moving to?
70% of Fort Lee homebuyers searched to stay within the Fort Lee metropolitan area.
Miami was the most popular destination among Fort Lee homebuyers followed by Philadelphia and Washington.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Fort Lee
Explore recent offers and recently sold homes in Fort Lee
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Fort Lee housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Fort Lee.
Risk Factor
Flood Factor - Major
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Fort Lee has a major risk of flooding. 1,772 properties in Fort Lee are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in Fort Lee. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Fort Lee has a minor risk of wildfire. There are 10 properties in Fort Lee that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Fort Lee.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Fort Lee has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Fort Lee is most at risk from hurricanes. 9,007 properties in Fort Lee have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 92 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 101 mph.