Is Garwood, NJ 07027 a buyer’s or seller’s market?

The Garwood housing market right now

In the three months ending August 31, 2026, 84% of homes in Garwood, NJ 07027 sold above their list price, the typical home went under contract in 21 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 54%, homes sold faster (25 days then) and the median sale price fell 8% to $714,691. Overall, Garwood is more competitive than a year ago, so tougher for buyers.

Within Union County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Garwood ranks #57 of 444 NJ ZIP codes with enough sales (score 93 out of 100).

Nearby, buyers who want less competition could look at Elizabethport 07206 (58% sold over asking) or Linden 07036 (59% sold over asking), while New Providence 07974 (91% sold over asking) is even more competitive.