ZIP 07002 Housing Market Report
New York Metro
Report period: May 2026
07002 Monthly Market Update – May 2026
ZIP 07002 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$699,000
+2.9%
Median DOM (Sales)
26
−7.1%
New Listings (Sales)
21
−60.4%
Median Rent
$2,250
+1.6%
Median DOM (Rental)
33
0.0%
Total Rental Listings
462
−0.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (6 DOM)
- Fastest renting: Condo (23 DOM)
- Strongest bedroom: 8 Beds ($930,000 median)
Sales Market Overview
Median Price
$699,000
+2.9%
Median DOM
26
−7.1%
New Listings
21
−60.4%
Inventory
176
+5.4%
- Average Price: $698,351
- Median Price: $699,000
- Price Range: $159,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $346 / $343
- Square Footage (Avg/Median): 1,651 / 1,460
- Square Footage Range: 425 – 7,200
- Days on Market (Avg/Median): 54 / 26
- Days on Market Range: 2 – 362
- New Listings: 21
- Total Listings: 176
Sales by Property Type
Condo
Avg/Median Price$404,651 / $274,900Range$179,000 – $925,000Price per Sq Ft$351 / $343Sq Ft1,208 / 804DOM71 / 45New3Total35
Manufactured
Avg/Median Price$159,000 / $159,000Range$159,000 – $159,000Price per Sq Ft—Sq Ft—DOM6 / 6New1Total1
Multi-Family
Avg/Median Price$844,572 / $849,000Range$529,000 – $1,390,000Price per Sq Ft$315 / $307Sq Ft2,499 / 2,434DOM55 / 25New11Total88
Single Family
Avg/Median Price$666,075 / $599,000Range$200,000 – $3,500,000Price per Sq Ft$363 / $347Sq Ft2,149 / 1,638DOM43 / 20New6Total49
Townhouse
Avg/Median Price$542,667 / $499,000Range$430,000 – $699,000Price per Sq Ft$342 / $342Sq Ft1,460 / 1,460DOM47 / 13New0Total3
Sales by Bedroom Count
Studio
Avg:$541,000Median:$635,000Range:$189,000 – $799,000PSF:$418 / $392Sq Ft:1,232 / 425DOM:82 / 98New:0Total:3
1 Beds
Avg:$229,853Median:$239,900Range:$180,000 – $274,900PSF:$336 / $341Sq Ft:696 / 700DOM:72 / 52New:1Total:15
2 Beds
Avg:$477,567Median:$525,000Range:$159,000 – $829,000PSF:$342 / $348Sq Ft:1,370 / 1,510DOM:78 / 67New:1Total:21
3 Beds
Avg:$599,667Median:$595,000Range:$179,000 – $888,000PSF:$367 / $347Sq Ft:1,510 / 1,460DOM:29 / 15New:6Total:27
4 Beds
Avg:$650,750Median:$625,000Range:$389,000 – $925,000PSF:$366 / $323Sq Ft:1,996 / 1,679DOM:35 / 24New:2Total:28
5 Beds
Avg:$739,757Median:$759,000Range:$374,900 – $1,225,000PSF:$290 / $251Sq Ft:2,802 / 2,355DOM:61 / 24New:1Total:21
6 Beds
Avg:$999,752Median:$899,000Range:$615,000 – $3,500,000PSF:$336 / $307Sq Ft:3,743 / 2,666DOM:57 / 21New:3Total:31
7 Beds
Avg:$865,745Median:$875,000Range:$529,000 – $1,250,000PSF:$298 / $246Sq Ft:2,287 / 2,140DOM:74 / 27New:3Total:20
8 Beds
Avg:$955,600Median:$930,000Range:$700,000 – $1,390,000PSF:$323 / $249Sq Ft:2,600 / 2,393DOM:31 / 12New:4Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $541,000 | $635,000 | $189,000 – $799,000 | $418 / $392 | 1,232 / 425 | 82 / 98 | 0 | 3 |
| 1 Beds | $229,853 | $239,900 | $180,000 – $274,900 | $336 / $341 | 696 / 700 | 72 / 52 | 1 | 15 |
| 2 Beds | $477,567 | $525,000 | $159,000 – $829,000 | $342 / $348 | 1,370 / 1,510 | 78 / 67 | 1 | 21 |
| 3 Beds | $599,667 | $595,000 | $179,000 – $888,000 | $367 / $347 | 1,510 / 1,460 | 29 / 15 | 6 | 27 |
| 4 Beds | $650,750 | $625,000 | $389,000 – $925,000 | $366 / $323 | 1,996 / 1,679 | 35 / 24 | 2 | 28 |
| 5 Beds | $739,757 | $759,000 | $374,900 – $1,225,000 | $290 / $251 | 2,802 / 2,355 | 61 / 24 | 1 | 21 |
| 6 Beds | $999,752 | $899,000 | $615,000 – $3,500,000 | $336 / $307 | 3,743 / 2,666 | 57 / 21 | 3 | 31 |
| 7 Beds | $865,745 | $875,000 | $529,000 – $1,250,000 | $298 / $246 | 2,287 / 2,140 | 74 / 27 | 3 | 20 |
| 8 Beds | $955,600 | $930,000 | $700,000 – $1,390,000 | $323 / $249 | 2,600 / 2,393 | 31 / 12 | 4 | 10 |
Rental Market Overview
Median Rent
$2,250
+1.6%
Median DOM
33
0.0%
New Listings
55
Inventory
462
−0.6%
- Average Rent: $2,329
- Median Rent: $2,250
- Rent Range: $1,400 – $6,075
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 944 / 885
- Square Footage Range: 400 – 2,692
- Days on Market (Avg/Median): 50 / 33
- Days on Market Range: 1 – 350
- New Listings: 55
- Total Listings: 462
Rentals by Property Type
Apartment
$2,150
Median DOM: 28
Inventory: 159
MoM: +1.6%
Condo
$1,998
Median DOM: 23
Inventory: 13
MoM: +1.6%
Single Family
$2,300
Median DOM: 37
Inventory: 13
MoM: +1.6%
Townhouse
$2,400
Median DOM: 99
Inventory: 3
MoM: +1.6%
Apartment
Avg/Median Rent$2,251 / $2,150Range$1,450 – $6,075Rent per Sq Ft$3 / $3Sq Ft856 / 800DOM58 / 28New13Total159
Condo
Avg/Median Rent$2,306 / $1,998Range$1,600 – $3,750Rent per Sq Ft$3 / $3Sq Ft600 / 500DOM45 / 23New2Total13
Multi-Family
Avg/Median Rent$2,365 / $2,300Range$1,400 – $4,000Rent per Sq Ft$3 / $3Sq Ft996 / 925DOM47 / 35New40Total274
Single Family
Avg/Median Rent$2,503 / $2,300Range$1,800 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,105 / 1,044DOM43 / 37New0Total13
Townhouse
Avg/Median Rent$2,600 / $2,400Range$2,200 – $3,200Rent per Sq Ft—Sq Ft—DOM97 / 99New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,989Median:$1,995Range:$1,600 – $2,265PSF:$3 / $4Sq Ft:603 / 570DOM:131 / 76New:0Total:22
1 Beds
Avg:$2,078Median:$2,035Range:$1,400 – $6,075PSF:$3 / $3Sq Ft:762 / 729DOM:53 / 27New:19Total:125
2 Beds
Avg:$2,296Median:$2,200Range:$1,500 – $5,225PSF:$3 / $3Sq Ft:962 / 953DOM:43 / 30New:24Total:191
3 Beds
Avg:$2,607Median:$2,600Range:$1,900 – $4,000PSF:$2 / $2Sq Ft:1,238 / 1,200DOM:51 / 44New:10Total:104
4 Beds
Avg:$2,963Median:$2,900Range:$2,300 – $3,650PSF:$2 / $2Sq Ft:1,524 / 1,670DOM:47 / 35New:2Total:15
5 Beds
Avg:$3,699Median:$3,600Range:$3,500 – $3,995PSF:$2 / $2Sq Ft:1,800 / 1,800DOM:42 / 39New:0Total:4
6 Beds
Avg:$3,750Median:$3,750Range:$3,750 – $3,750PSF:—Sq Ft:—DOM:20 / 20New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,989 | $1,995 | $1,600 – $2,265 | $3 / $4 | 603 / 570 | 131 / 76 | 0 | 22 |
| 1 Beds | $2,078 | $2,035 | $1,400 – $6,075 | $3 / $3 | 762 / 729 | 53 / 27 | 19 | 125 |
| 2 Beds | $2,296 | $2,200 | $1,500 – $5,225 | $3 / $3 | 962 / 953 | 43 / 30 | 24 | 191 |
| 3 Beds | $2,607 | $2,600 | $1,900 – $4,000 | $2 / $2 | 1,238 / 1,200 | 51 / 44 | 10 | 104 |
| 4 Beds | $2,963 | $2,900 | $2,300 – $3,650 | $2 / $2 | 1,524 / 1,670 | 47 / 35 | 2 | 15 |
| 5 Beds | $3,699 | $3,600 | $3,500 – $3,995 | $2 / $2 | 1,800 / 1,800 | 42 / 39 | 0 | 4 |
| 6 Beds | $3,750 | $3,750 | $3,750 – $3,750 | — | — | 20 / 20 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$680,000Median DOM:48New:32Total:175
Jan 2026
Median Price:$688,900Median DOM:43New:48Total:167
Feb 2026
Median Price:$669,000Median DOM:43New:36Total:155
Mar 2026
Median Price:$650,000Median DOM:40New:40Total:159
Apr 2026
Median Price:$679,000Median DOM:28New:53Total:167
May 2026
Median Price:$699,000Median DOM:26New:21Total:176
6-Month Rental Trend
Dec 2025
Median Rent:$2,300Median DOM:45New:122Total:499
Jan 2026
Median Rent:$2,300Median DOM:39New:144Total:484
Feb 2026
Median Rent:$2,292Median DOM:37New:122Total:496
Mar 2026
Median Rent:$2,250Median DOM:33New:126Total:468
Apr 2026
Median Rent:$2,215Median DOM:33New:132Total:465
May 2026
Median Rent:$2,250Median DOM:33New:55Total:462
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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