Is Fort Lee, NJ 07024 a buyer’s or seller’s market?

The Fort Lee housing market right now

In the three months ending August 31, 2026, 18% of homes in Fort Lee, NJ 07024 sold above their list price, the typical home went under contract in 89 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 147 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (91 days then) and the median sale price fell 16% to $439,810. Overall, Fort Lee is less competitive than a year ago, which gives buyers more room.

Within Bergen County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in 95%. On our competition score, Fort Lee ranks #431 of 444 NJ ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Alpine 07620 (0% sold over asking) or Moonachie 07074 (0% sold over asking), while South Hackensack 07606 (100% sold over asking) and Waldwick 07463 (86% sold over asking) are even more competitive.