ZIP 07016 Housing Market Report
New York Metro
Report period: August 2026
07016 Monthly Market Update – August 2026
ZIP 07016 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$759,900
+1.5%
Median DOM (Sales)
20
−4.8%
New Listings (Sales)
10
−60.0%
Median Rent
$2,700
0.0%
Median DOM (Rental)
28
−24.3%
Total Rental Listings
41
−2.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (6 DOM)
- Fastest renting: Single Family (18 DOM)
- Strongest bedroom: 6 Beds ($1,549,000 median)
Sales Market Overview
Median Price
$759,900
+1.5%
Median DOM
20
−4.8%
New Listings
10
−60.0%
Inventory
72
−2.7%
- Average Price: $857,228
- Median Price: $759,900
- Price Range: $309,555 – $2,199,000
- Price per Sq Ft (Avg/Median): $370 / $382
- Square Footage (Avg/Median): 3,618 / 2,117
- Square Footage Range: 1,308 – 8,860
- Days on Market (Avg/Median): 27 / 20
- Days on Market Range: 2 – 134
- New Listings: 10
- Total Listings: 72
Sales by Property Type
Condo
Avg/Median Price$458,188 / $449,000Range$309,555 – $615,000Price per Sq Ft—Sq Ft—DOM50 / 24New0Total8
Land
Avg/Median Price$600,000 / $600,000Range$600,000 – $600,000Price per Sq Ft—Sq Ft—DOM31 / 31New0Total1
Multi-Family
Avg/Median Price$909,750 / $889,000Range$725,000 – $1,125,000Price per Sq Ft$127 / $127Sq Ft7,000 / 7,000DOM14 / 6New2Total4
Single Family
Avg/Median Price$920,018 / $829,000Range$419,000 – $2,199,000Price per Sq Ft$396 / $406Sq Ft3,385 / 2,045DOM24 / 17New8Total57
Townhouse
Avg/Median Price$687,450 / $449,900Range$449,900 – $925,000Price per Sq Ft$330 / $330Sq Ft2,800 / 2,800DOM53 / 10New0Total2
Sales by Bedroom Count
1 Beds
Avg:$309,555Median:$309,555Range:$309,555 – $309,555PSF:—Sq Ft:—DOM:24 / 24New:0Total:1
2 Beds
Avg:$453,206Median:$449,900Range:$399,000 – $575,000PSF:—Sq Ft:—DOM:61 / 62New:0Total:9
3 Beds
Avg:$710,421Median:$699,000Range:$429,000 – $925,000PSF:$406 / $420Sq Ft:2,940 / 2,016DOM:24 / 16New:4Total:28
4 Beds
Avg:$947,520Median:$899,000Range:$680,000 – $1,899,000PSF:$240 / $127Sq Ft:4,464 / 1,928DOM:21 / 12New:3Total:20
5 Beds
Avg:$1,360,089Median:$1,375,000Range:$559,900 – $2,199,000PSF:$368 / $314Sq Ft:4,448 / 5,500DOM:21 / 16New:2Total:9
6 Beds
Avg:$1,412,250Median:$1,549,000Range:$899,999 – $1,600,000PSF:$382 / $382Sq Ft:4,186 / 4,186DOM:19 / 10New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $309,555 | $309,555 | $309,555 – $309,555 | — | — | 24 / 24 | 0 | 1 |
| 2 Beds | $453,206 | $449,900 | $399,000 – $575,000 | — | — | 61 / 62 | 0 | 9 |
| 3 Beds | $710,421 | $699,000 | $429,000 – $925,000 | $406 / $420 | 2,940 / 2,016 | 24 / 16 | 4 | 28 |
| 4 Beds | $947,520 | $899,000 | $680,000 – $1,899,000 | $240 / $127 | 4,464 / 1,928 | 21 / 12 | 3 | 20 |
| 5 Beds | $1,360,089 | $1,375,000 | $559,900 – $2,199,000 | $368 / $314 | 4,448 / 5,500 | 21 / 16 | 2 | 9 |
| 6 Beds | $1,412,250 | $1,549,000 | $899,999 – $1,600,000 | $382 / $382 | 4,186 / 4,186 | 19 / 10 | 1 | 4 |
Rental Market Overview
Median Rent
$2,700
0.0%
Median DOM
28
−24.3%
New Listings
4
Inventory
41
−2.4%
- Average Rent: $2,975
- Median Rent: $2,700
- Rent Range: $1,950 – $6,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,328 / 1,000
- Square Footage Range: 600 – 4,300
- Days on Market (Avg/Median): 48 / 28
- Days on Market Range: 4 – 269
- New Listings: 4
- Total Listings: 41
Rentals by Property Type
Apartment
$2,500
Median DOM: 28
Inventory: 10
MoM: 0.0%
Condo
$2,200
Median DOM: 19
Inventory: 8
MoM: 0.0%
Single Family
$3,250
Median DOM: 18
Inventory: 12
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,643 / $2,500Range$1,950 – $3,950Rent per Sq Ft$3 / $3Sq Ft872 / 738DOM44 / 28New0Total10
Condo
Avg/Median Rent$2,462 / $2,200Range$1,950 – $3,495Rent per Sq Ft$3 / $2Sq Ft1,097 / 1,000DOM37 / 19New2Total8
Multi-Family
Avg/Median Rent$2,827 / $2,900Range$2,000 – $3,700Rent per Sq Ft$1 / $1Sq Ft2,200 / 2,200DOM70 / 59New0Total11
Single Family
Avg/Median Rent$3,729 / $3,250Range$2,500 – $6,500Rent per Sq Ft$3 / $2Sq Ft1,734 / 1,387DOM37 / 18New2Total12
Rentals by Bedroom Count
1 Beds
Avg:$2,345Median:$2,250Range:$1,950 – $2,965PSF:$3 / $3Sq Ft:798 / 700DOM:50 / 20New:2Total:15
2 Beds
Avg:$3,058Median:$2,900Range:$2,200 – $3,950PSF:$3 / $2Sq Ft:1,323 / 1,316DOM:35 / 28New:1Total:11
3 Beds
Avg:$2,995Median:$2,900Range:$2,000 – $3,950PSF:$3 / $2Sq Ft:1,109 / 1,100DOM:65 / 29New:1Total:11
4 Beds
Avg:$4,565Median:$4,500Range:$2,995 – $6,200PSF:$2 / $2Sq Ft:2,048 / 2,045DOM:33 / 28New:0Total:3
5 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:$2 / $2Sq Ft:4,300 / 4,300DOM:36 / 36New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,345 | $2,250 | $1,950 – $2,965 | $3 / $3 | 798 / 700 | 50 / 20 | 2 | 15 |
| 2 Beds | $3,058 | $2,900 | $2,200 – $3,950 | $3 / $2 | 1,323 / 1,316 | 35 / 28 | 1 | 11 |
| 3 Beds | $2,995 | $2,900 | $2,000 – $3,950 | $3 / $2 | 1,109 / 1,100 | 65 / 29 | 1 | 11 |
| 4 Beds | $4,565 | $4,500 | $2,995 – $6,200 | $2 / $2 | 2,048 / 2,045 | 33 / 28 | 0 | 3 |
| 5 Beds | $6,500 | $6,500 | $6,500 – $6,500 | $2 / $2 | 4,300 / 4,300 | 36 / 36 | 0 | 1 |
6-Month Sales Trend
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:$749,000Median DOM:21New:25Total:74
Aug 2026
Median Price:$759,900Median DOM:20New:10Total:72
6-Month Rental Trend
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:37New:11Total:42
Aug 2026
Median Rent:$2,700Median DOM:28New:4Total:41
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving 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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