ZIP 07016 Housing Market Report
New York Metro
Report period: July 2026
07016 Monthly Market Update – July 2026
ZIP 07016 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$799,000
+2.6%
Median DOM (Sales)
16
0.0%
New Listings (Sales)
9
−57.1%
Median Rent
$2,700
0.0%
Median DOM (Rental)
47
+9.3%
Total Rental Listings
40
−4.8%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (10 DOM)
- Fastest renting: Single Family (36 DOM)
- Strongest bedroom: 6 Beds ($1,599,999 median)
Sales Market Overview
Median Price
$799,000
+2.6%
Median DOM
16
0.0%
New Listings
9
−57.1%
Inventory
78
−2.5%
- Average Price: $888,001
- Median Price: $799,000
- Price Range: $359,000 – $1,899,000
- Price per Sq Ft (Avg/Median): $395 / $358
- Square Footage (Avg/Median): 2,694 / 2,117
- Square Footage Range: 1,222 – 5,800
- Days on Market (Avg/Median): 27 / 16
- Days on Market Range: 1 – 134
- New Listings: 9
- Total Listings: 78
Sales by Property Type
Condo
Avg/Median Price$460,390 / $459,000Range$359,000 – $575,000Price per Sq Ft—Sq Ft—DOM58 / 52New0Total5
Land
Avg/Median Price$600,000 / $600,000Range$600,000 – $600,000Price per Sq Ft—Sq Ft—DOM14 / 14New0Total1
Multi-Family
Avg/Median Price$781,000 / $749,000Range$680,000 – $899,999Price per Sq Ft$364 / $358Sq Ft2,023 / 1,900DOM16 / 14New0Total4
Single Family
Avg/Median Price$937,321 / $850,000Range$439,000 – $1,899,000Price per Sq Ft$405 / $366Sq Ft2,790 / 2,117DOM25 / 16New9Total66
Townhouse
Avg/Median Price$687,450 / $449,900Range$449,900 – $925,000Price per Sq Ft$330 / $330Sq Ft2,800 / 2,800DOM38 / 10New0Total2
Sales by Bedroom Count
2 Beds
Avg:$485,985Median:$459,000Range:$359,000 – $699,000PSF:—Sq Ft:—DOM:43 / 32New:0Total:10
3 Beds
Avg:$738,868Median:$729,000Range:$549,999 – $925,000PSF:$474 / $420Sq Ft:1,746 / 1,331DOM:26 / 18New:5Total:25
4 Beds
Avg:$928,400Median:$899,900Range:$649,000 – $1,899,000PSF:$351 / $353Sq Ft:2,284 / 2,000DOM:25 / 15New:2Total:24
5 Beds
Avg:$1,254,300Median:$1,349,900Range:$580,000 – $1,759,000PSF:$336 / $318Sq Ft:4,257 / 3,000DOM:23 / 16New:2Total:13
6 Beds
Avg:$1,349,000Median:$1,599,999Range:$899,999 – $1,650,000PSF:$382 / $382Sq Ft:4,186 / 4,186DOM:23 / 21New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $485,985 | $459,000 | $359,000 – $699,000 | — | — | 43 / 32 | 0 | 10 |
| 3 Beds | $738,868 | $729,000 | $549,999 – $925,000 | $474 / $420 | 1,746 / 1,331 | 26 / 18 | 5 | 25 |
| 4 Beds | $928,400 | $899,900 | $649,000 – $1,899,000 | $351 / $353 | 2,284 / 2,000 | 25 / 15 | 2 | 24 |
| 5 Beds | $1,254,300 | $1,349,900 | $580,000 – $1,759,000 | $336 / $318 | 4,257 / 3,000 | 23 / 16 | 2 | 13 |
| 6 Beds | $1,349,000 | $1,599,999 | $899,999 – $1,650,000 | $382 / $382 | 4,186 / 4,186 | 23 / 21 | 0 | 5 |
Rental Market Overview
Median Rent
$2,700
0.0%
Median DOM
47
+9.3%
New Listings
1
Inventory
40
−4.8%
- Average Rent: $3,091
- Median Rent: $2,700
- Rent Range: $1,950 – $6,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,437 / 1,320
- Square Footage Range: 600 – 4,300
- Days on Market (Avg/Median): 58 / 47
- Days on Market Range: 5 – 269
- New Listings: 1
- Total Listings: 40
Rentals by Property Type
Apartment
$2,500
Median DOM: 84
Inventory: 8
MoM: 0.0%
Condo
$2,200
Median DOM: 85
Inventory: 5
MoM: 0.0%
Single Family
$3,450
Median DOM: 36
Inventory: 17
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,836 / $2,500Range$1,950 – $4,400Rent per Sq Ft$3 / $3Sq Ft960 / 728DOM84 / 84New0Total8
Condo
Avg/Median Rent$2,509 / $2,200Range$2,000 – $3,495Rent per Sq Ft$2 / $2Sq Ft1,688 / 1,688DOM73 / 85New0Total5
Multi-Family
Avg/Median Rent$2,705 / $2,500Range$2,000 – $3,700Rent per Sq Ft—Sq Ft—DOM83 / 54New1Total10
Single Family
Avg/Median Rent$3,609 / $3,450Range$2,200 – $6,500Rent per Sq Ft$3 / $2Sq Ft1,697 / 1,387DOM37 / 36New0Total17
Rentals by Bedroom Count
1 Beds
Avg:$2,308Median:$2,200Range:$1,950 – $2,832PSF:$3 / $3Sq Ft:747 / 700DOM:87 / 84New:0Total:11
2 Beds
Avg:$3,042Median:$2,700Range:$2,200 – $4,400PSF:$3 / $3Sq Ft:1,350 / 1,455DOM:33 / 30New:0Total:14
3 Beds
Avg:$2,917Median:$2,900Range:$2,000 – $3,600PSF:$3 / $2Sq Ft:1,109 / 1,100DOM:75 / 64New:1Total:9
4 Beds
Avg:$4,580Median:$4,500Range:$3,000 – $6,200PSF:$3 / $2Sq Ft:1,982 / 2,000DOM:58 / 43New:0Total:5
5 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:$2 / $2Sq Ft:4,300 / 4,300DOM:20 / 20New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,308 | $2,200 | $1,950 – $2,832 | $3 / $3 | 747 / 700 | 87 / 84 | 0 | 11 |
| 2 Beds | $3,042 | $2,700 | $2,200 – $4,400 | $3 / $3 | 1,350 / 1,455 | 33 / 30 | 0 | 14 |
| 3 Beds | $2,917 | $2,900 | $2,000 – $3,600 | $3 / $2 | 1,109 / 1,100 | 75 / 64 | 1 | 9 |
| 4 Beds | $4,580 | $4,500 | $3,000 – $6,200 | $3 / $2 | 1,982 / 2,000 | 58 / 43 | 0 | 5 |
| 5 Beds | $6,500 | $6,500 | $6,500 – $6,500 | $2 / $2 | 4,300 / 4,300 | 20 / 20 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$719,000Median DOM:18New:8Total:33
Mar 2026
Median Price:$725,000Median DOM:12New:20Total:34
Apr 2026
Median Price:$799,000Median DOM:12New:39Total:61
May 2026
Median Price:$759,000Median DOM:15New:27Total:80
Jun 2026
Median Price:$779,000Median DOM:16New:21Total:80
Jul 2026
Median Price:$799,000Median DOM:16New:9Total:78
6-Month Rental Trend
Feb 2026
Median Rent:$2,500Median DOM:39New:9Total:37
Mar 2026
Median Rent:$2,500Median DOM:36New:10Total:40
Apr 2026
Median Rent:$2,600Median DOM:32New:10Total:44
May 2026
Median Rent:$2,700Median DOM:36New:10Total:42
Jun 2026
Median Rent:$2,700Median DOM:43New:5Total:42
Jul 2026
Median Rent:$2,700Median DOM:47New:1Total:40
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, 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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