ZIP 07005 Housing Market Report
New York Metro
Report period: May 2026
07005 Monthly Market Update – May 2026
ZIP 07005 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$750,000
0.0%
Median DOM (Sales)
26
−10.3%
New Listings (Sales)
8
−46.7%
Median Rent
$2,695
−0.2%
Median DOM (Rental)
54
+54.3%
Total Rental Listings
30
−14.3%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Townhouse (13 DOM)
- Strongest bedroom: 5 Beds ($2,150,000 median)
Sales Market Overview
Median Price
$750,000
0.0%
Median DOM
26
−10.3%
New Listings
8
−46.7%
Inventory
61
+3.4%
- Average Price: $934,326
- Median Price: $750,000
- Price Range: $405,000 – $2,400,000
- Price per Sq Ft (Avg/Median): $322 / $325
- Square Footage (Avg/Median): 3,485 / 2,632
- Square Footage Range: 1,500 – 9,746
- Days on Market (Avg/Median): 47 / 26
- Days on Market Range: 2 – 183
- New Listings: 8
- Total Listings: 61
Sales by Property Type
Condo
Avg/Median Price$764,900 / $729,900Range$729,900 – $799,900Price per Sq Ft$371 / $344Sq Ft2,082 / 1,840DOM29 / 8New1Total2
Land
Avg/Median Price$709,400 / $750,000Range$419,000 – $850,000Price per Sq Ft—Sq Ft—DOM89 / 97New0Total10
Multi-Family
Avg/Median Price$1,076,600 / $699,900Range$699,900 – $1,795,000Price per Sq Ft$332 / $299Sq Ft5,466 / 4,933DOM73 / 31New0Total6
Single Family
Avg/Median Price$974,663 / $819,900Range$405,000 – $2,400,000Price per Sq Ft$313 / $313Sq Ft3,396 / 2,632DOM35 / 19New7Total43
Sales by Bedroom Count
2 Beds
Avg:$519,633Median:$499,900Range:$480,000 – $579,000PSF:—Sq Ft:—DOM:15 / 20New:1Total:3
3 Beds
Avg:$756,094Median:$699,900Range:$405,000 – $1,685,000PSF:$363 / $344Sq Ft:2,026 / 1,840DOM:30 / 19New:4Total:18
4 Beds
Avg:$986,032Median:$859,000Range:$545,000 – $2,350,000PSF:$308 / $313Sq Ft:2,751 / 2,580DOM:37 / 16New:2Total:19
5 Beds
Avg:$1,817,600Median:$2,150,000Range:$989,000 – $2,400,000PSF:$361 / $274Sq Ft:4,588 / 4,375DOM:48 / 33New:1Total:5
6 Beds
Avg:$723,233Median:$699,900Range:$699,900 – $769,900PSF:—Sq Ft:—DOM:28 / 31New:0Total:3
7 Beds
Avg:$1,149,000Median:$1,149,000Range:$1,149,000 – $1,149,000PSF:$118 / $118Sq Ft:9,746 / 9,746DOM:42 / 42New:0Total:1
8 Beds
Avg:$1,795,000Median:$1,795,000Range:$1,795,000 – $1,795,000PSF:$332 / $299Sq Ft:5,466 / 4,933DOM:169 / 154New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $519,633 | $499,900 | $480,000 – $579,000 | — | — | 15 / 20 | 1 | 3 |
| 3 Beds | $756,094 | $699,900 | $405,000 – $1,685,000 | $363 / $344 | 2,026 / 1,840 | 30 / 19 | 4 | 18 |
| 4 Beds | $986,032 | $859,000 | $545,000 – $2,350,000 | $308 / $313 | 2,751 / 2,580 | 37 / 16 | 2 | 19 |
| 5 Beds | $1,817,600 | $2,150,000 | $989,000 – $2,400,000 | $361 / $274 | 4,588 / 4,375 | 48 / 33 | 1 | 5 |
| 6 Beds | $723,233 | $699,900 | $699,900 – $769,900 | — | — | 28 / 31 | 0 | 3 |
| 7 Beds | $1,149,000 | $1,149,000 | $1,149,000 – $1,149,000 | $118 / $118 | 9,746 / 9,746 | 42 / 42 | 0 | 1 |
| 8 Beds | $1,795,000 | $1,795,000 | $1,795,000 – $1,795,000 | $332 / $299 | 5,466 / 4,933 | 169 / 154 | 0 | 2 |
Rental Market Overview
Median Rent
$2,695
−0.2%
Median DOM
54
+54.3%
New Listings
2
Inventory
30
−14.3%
- Average Rent: $2,778
- Median Rent: $2,695
- Rent Range: $1,700 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,318 / 1,222
- Square Footage Range: 600 – 2,304
- Days on Market (Avg/Median): 68 / 54
- Days on Market Range: 2 – 210
- New Listings: 2
- Total Listings: 30
Rentals by Property Type
Apartment
$2,515
Median DOM: 130
Inventory: 3
MoM: −0.2%
Condo
$2,900
Median DOM: 80
Inventory: 1
MoM: −0.2%
Single Family
$2,750
Median DOM: 20
Inventory: 5
MoM: −0.2%
Townhouse
$2,750
Median DOM: 13
Inventory: 2
MoM: −0.2%
Apartment
Avg/Median Rent$2,553 / $2,515Range$2,450 – $2,695Rent per Sq Ft$3 / $3Sq Ft818 / 761DOM166 / 130New0Total3
Condo
Avg/Median Rent$2,900 / $2,900Range$2,900 – $2,900Rent per Sq Ft—Sq Ft—DOM80 / 80New0Total1
Multi-Family
Avg/Median Rent$2,543 / $2,600Range$1,700 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,479 / 1,400DOM71 / 75New2Total19
Single Family
Avg/Median Rent$3,685 / $2,750Range$2,300 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,505 / 1,500DOM22 / 20New0Total5
Townhouse
Avg/Median Rent$3,025 / $2,750Range$2,750 – $3,300Rent per Sq Ft—Sq Ft—DOM48 / 13New0Total2
Rentals by Bedroom Count
Studio
Avg:$2,515Median:$2,515Range:$2,515 – $2,515PSF:$3 / $3Sq Ft:761 / 761DOM:—New:0Total:1
1 Beds
Avg:$1,700Median:$1,700Range:$1,700 – $1,700PSF:—Sq Ft:—DOM:8 / 8New:0Total:1
2 Beds
Avg:$2,391Median:$2,400Range:$1,800 – $2,900PSF:$3 / $2Sq Ft:965 / 1,094DOM:84 / 80New:1Total:14
3 Beds
Avg:$2,974Median:$3,000Range:$2,500 – $3,675PSF:$2 / $2Sq Ft:1,520 / 1,425DOM:58 / 50New:1Total:13
4 Beds
Avg:$7,000Median:$7,000Range:$7,000 – $7,000PSF:—Sq Ft:—DOM:37 / 37New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,515 | $2,515 | $2,515 – $2,515 | $3 / $3 | 761 / 761 | — | 0 | 1 |
| 1 Beds | $1,700 | $1,700 | $1,700 – $1,700 | — | — | 8 / 8 | 0 | 1 |
| 2 Beds | $2,391 | $2,400 | $1,800 – $2,900 | $3 / $2 | 965 / 1,094 | 84 / 80 | 1 | 14 |
| 3 Beds | $2,974 | $3,000 | $2,500 – $3,675 | $2 / $2 | 1,520 / 1,425 | 58 / 50 | 1 | 13 |
| 4 Beds | $7,000 | $7,000 | $7,000 – $7,000 | — | — | 37 / 37 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$849,000Median DOM:36New:6Total:44
Jan 2026
Median Price:$799,000Median DOM:53New:11Total:42
Feb 2026
Median Price:$799,000Median DOM:35New:12Total:43
Mar 2026
Median Price:$750,000Median DOM:28New:22Total:54
Apr 2026
Median Price:$750,000Median DOM:29New:15Total:59
May 2026
Median Price:$750,000Median DOM:26New:8Total:61
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:50New:12Total:39
Jan 2026
Median Rent:$2,600Median DOM:34New:11Total:38
Feb 2026
Median Rent:$2,700Median DOM:26New:13Total:43
Mar 2026
Median Rent:$2,695Median DOM:46New:6Total:35
Apr 2026
Median Rent:$2,700Median DOM:35New:7Total:35
May 2026
Median Rent:$2,695Median DOM:54New:2Total:30
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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