ZIP 07012 Housing Market Report
New York Metro
Report period: May 2026
07012 Monthly Market Update – May 2026
ZIP 07012 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$599,999
−4.0%
Median DOM (Sales)
22
−18.5%
New Listings (Sales)
3
−70.0%
Median Rent
$3,060
−0.7%
Median DOM (Rental)
27
0.0%
Total Rental Listings
16
−11.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (18 DOM)
- Fastest renting: Apartment (27 DOM)
- Strongest bedroom: 5 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$599,999
−4.0%
Median DOM
22
−18.5%
New Listings
3
−70.0%
Inventory
42
0.0%
- Average Price: $676,386
- Median Price: $599,999
- Price Range: $399,000 – $1,499,000
- Price per Sq Ft (Avg/Median): $365 / $377
- Square Footage (Avg/Median): 2,168 / 1,594
- Square Footage Range: 1,084 – 4,070
- Days on Market (Avg/Median): 34 / 22
- Days on Market Range: 4 – 102
- New Listings: 3
- Total Listings: 42
Sales by Property Type
Condo
Avg/Median Price$457,200 / $425,000Range$420,000 – $570,000Price per Sq Ft$360 / $377Sq Ft1,367 / 1,180DOM56 / 40New0Total10
Multi-Family
Avg/Median Price$799,000 / $799,000Range$799,000 – $799,000Price per Sq Ft—Sq Ft—DOM18 / 18New0Total1
Single Family
Avg/Median Price$743,135 / $650,000Range$399,000 – $1,499,000Price per Sq Ft$369 / $409Sq Ft2,650 / 1,994DOM28 / 21New3Total31
Sales by Bedroom Count
2 Beds
Avg:$457,167Median:$425,000Range:$399,000 – $570,000PSF:$360 / $377Sq Ft:1,367 / 1,180DOM:53 / 40New:0Total:12
3 Beds
Avg:$639,042Median:$625,000Range:$500,000 – $815,000PSF:$362 / $409Sq Ft:2,529 / 1,994DOM:25 / 15New:2Total:19
4 Beds
Avg:$986,822Median:$890,000Range:$749,000 – $1,499,000PSF:$487 / $487Sq Ft:1,590 / 1,590DOM:32 / 22New:1Total:9
5 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:$270 / $270Sq Ft:4,070 / 4,070DOM:11 / 11New:0Total:1
6 Beds
Avg:$799,000Median:$799,000Range:$799,000 – $799,000PSF:—Sq Ft:—DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $457,167 | $425,000 | $399,000 – $570,000 | $360 / $377 | 1,367 / 1,180 | 53 / 40 | 0 | 12 |
| 3 Beds | $639,042 | $625,000 | $500,000 – $815,000 | $362 / $409 | 2,529 / 1,994 | 25 / 15 | 2 | 19 |
| 4 Beds | $986,822 | $890,000 | $749,000 – $1,499,000 | $487 / $487 | 1,590 / 1,590 | 32 / 22 | 1 | 9 |
| 5 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | $270 / $270 | 4,070 / 4,070 | 11 / 11 | 0 | 1 |
| 6 Beds | $799,000 | $799,000 | $799,000 – $799,000 | — | — | 18 / 18 | 0 | 1 |
Rental Market Overview
Median Rent
$3,060
−0.7%
Median DOM
27
0.0%
New Listings
0
Inventory
16
−11.1%
- Average Rent: $2,794
- Median Rent: $3,060
- Rent Range: $1,300 – $4,000
- Rent per Sq Ft (Avg/Median): $4 / $4
- Square Footage (Avg/Median): 705 / 458
- Square Footage Range: 388 – 1,500
- Days on Market (Avg/Median): 45 / 27
- Days on Market Range: 14 – 168
- New Listings: 0
- Total Listings: 16
Rentals by Property Type
Apartment
$1,825
Median DOM: 27
Inventory: 5
MoM: −0.7%
Condo
—
Median DOM: —
Inventory: —
MoM: −0.7%
Single Family
$3,650
Median DOM: 33
Inventory: 5
MoM: −0.7%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.7%
Apartment
Avg/Median Rent$2,291 / $1,825Range$1,625 – $3,300Rent per Sq Ft$4 / $4Sq Ft506 / 410DOM27 / 27New0Total5
Multi-Family
Avg/Median Rent$2,817 / $2,800Range$1,800 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,500 / 1,500DOM26 / 27New0Total6
Single Family
Avg/Median Rent$3,270 / $3,650Range$1,300 – $4,000Rent per Sq Ft—Sq Ft—DOM72 / 33New0Total5
Rentals by Bedroom Count
Studio
Avg:$1,698Median:$1,645Range:$1,625 – $1,825PSF:$4 / $4Sq Ft:419 / 410DOM:—New:0Total:3
1 Beds
Avg:$2,053Median:$1,800Range:$1,300 – $3,060PSF:$4 / $4Sq Ft:767 / 767DOM:94 / 20New:0Total:3
2 Beds
Avg:$2,500Median:$2,200Range:$2,200 – $2,800PSF:—Sq Ft:—DOM:24 / 14New:0Total:2
3 Beds
Avg:$3,642Median:$3,600Range:$3,300 – $4,000PSF:$2 / $2Sq Ft:1,500 / 1,500DOM:42 / 29New:0Total:6
4 Beds
Avg:$3,300Median:$3,300Range:$3,300 – $3,300PSF:—Sq Ft:—DOM:27 / 27New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,698 | $1,645 | $1,625 – $1,825 | $4 / $4 | 419 / 410 | — | 0 | 3 |
| 1 Beds | $2,053 | $1,800 | $1,300 – $3,060 | $4 / $4 | 767 / 767 | 94 / 20 | 0 | 3 |
| 2 Beds | $2,500 | $2,200 | $2,200 – $2,800 | — | — | 24 / 14 | 0 | 2 |
| 3 Beds | $3,642 | $3,600 | $3,300 – $4,000 | $2 / $2 | 1,500 / 1,500 | 42 / 29 | 0 | 6 |
| 4 Beds | $3,300 | $3,300 | $3,300 – $3,300 | — | — | 27 / 27 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$599,000Median DOM:31New:4Total:29
Jan 2026
Median Price:$559,000Median DOM:19New:18Total:33
Feb 2026
Median Price:$559,000Median DOM:19New:9Total:34
Mar 2026
Median Price:$589,900Median DOM:23New:16Total:40
Apr 2026
Median Price:$625,000Median DOM:27New:10Total:42
May 2026
Median Price:$599,999Median DOM:22New:3Total:42
6-Month Rental Trend
Dec 2025
Median Rent:$3,400Median DOM:62New:3Total:16
Jan 2026
Median Rent:$3,500Median DOM:17New:7Total:20
Feb 2026
Median Rent:$2,850Median DOM:37New:2Total:14
Mar 2026
Median Rent:$3,300Median DOM:23New:6Total:15
Apr 2026
Median Rent:$3,082Median DOM:27New:5Total:18
May 2026
Median Rent:$3,060Median DOM:27New:0Total:16
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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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