Why Live in Essex Fells
Essex Fells is a well-established, private community located 30 miles west of New York City, known for its New England ambiance and rural tendencies. With a population of about 2,000 residents, this tightknit neighborhood features classic architecture, including ranches, colonials, and Victorians, all set on large parcels ranging from half an acre to an acre. The area is exclusively composed of single-owner homes, with no condo buildings or subdivisions. Essex Fells Pond on Fells Road is a popular spot for ice skating, while Grover Cleveland Park offers 40 acres for hiking, running, fishing, tennis, baseball, and picnicking. The park also hosts community events like the Strut Your Mutt Canine Halloween Costume contest and the Memorial Day picnic. Families benefit from highly rated schools such as Essex Fells Elementary, West Essex Regional Middle, and West Essex High, all known for their low student-to-teacher ratios and strong academic programs. Although there are no commercial buildings within Essex Fells, residents can drive one mile to Caldwell for dining and shopping, including Bloom Cakes and Bakery and Marra’s for fine Italian cuisine. Grocery needs are met at the ShopRite in the West Caldwell Shopping Center. The neighborhood has a low crime risk compared to the national average, enhancing its appeal. For commuting, residents drive five miles to Montclair's Walnut Street Station, which offers a 40 to 50-minute train ride into New York City.
Frequently Asked Questions
What is the average home price in Essex Fells, NJ?
Homes for sale in Essex Fells, NJ have an average home price of $1,550,734.
Are home prices dropping in Essex Fells?
Yes, home prices in Essex Fells are down 20% in the last 12 months.
How many homes have sold over the last 12 months in Essex Fells, NJ?
45 homes have sold in Essex Fells, NJ over the last 12 months.
What are the most popular zip codes in Essex Fells, NJ?
How much do you need to make to afford a house in Essex Fells?
The median home price in Essex Fells is $1,305,000. If you put a 20% down payment of $261,000 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $6,720 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $288K a year to afford the median home price in Essex Fells.
How are the schools in Essex Fells, NJ?
Home Trends in Essex Fells, NJ
On average, homes in Essex Fells, NJ sell after 42 days on the market compared to the national average of 50 days. The median sale price for homes in Essex Fells, NJ over the last 12 months is $1,310,000, down 15% from the median home sale price over the previous 12 months.
Median Sale Price
$1,310,000
Median Single Family Sale Price
$1,350,000
Average Price Per Sq Ft
$493
Number of Homes for Sale
4
Last 12 months Home Sales
45
Median List Price
$1,305,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-15%
