ZIP 07016 Housing Market Report
New York Metro
Report period: May 2026
07016 Monthly Market Update – May 2026
ZIP 07016 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$750,000
−6.1%
Median DOM (Sales)
14
+16.7%
New Listings (Sales)
6
−84.6%
Median Rent
$2,650
+1.9%
Median DOM (Rental)
29
−9.4%
Total Rental Listings
45
+2.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (3 DOM)
- Fastest renting: Apartment (7 DOM)
- Strongest bedroom: 6 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$750,000
−6.1%
Median DOM
14
+16.7%
New Listings
6
−84.6%
Inventory
68
+11.5%
- Average Price: $798,301
- Median Price: $750,000
- Price Range: $349,900 – $1,499,000
- Price per Sq Ft (Avg/Median): $434 / $423
- Square Footage (Avg/Median): 1,930 / 1,872
- Square Footage Range: 720 – 3,445
- Days on Market (Avg/Median): 19 / 14
- Days on Market Range: 3 – 89
- New Listings: 6
- Total Listings: 68
Sales by Property Type
Condo
Avg/Median Price$426,750 / $365,000Range$349,900 – $599,000Price per Sq Ft$486 / $486Sq Ft720 / 720DOM24 / 16New0Total5
Multi-Family
Avg/Median Price$739,500 / $680,000Range$680,000 – $799,000Price per Sq Ft$322 / $285Sq Ft2,350 / 1,900DOM20 / 3New1Total2
Single Family
Avg/Median Price$836,612 / $779,000Range$475,000 – $1,499,000Price per Sq Ft$449 / $423Sq Ft1,961 / 1,700DOM18 / 14New4Total60
Townhouse
Avg/Median Price$475,000 / $475,000Range$475,000 – $475,000Price per Sq Ft—Sq Ft—DOM5 / 5New1Total1
Sales by Bedroom Count
2 Beds
Avg:$472,861Median:$475,000Range:$349,900 – $617,000PSF:$486 / $486Sq Ft:720 / 720DOM:17 / 14New:2Total:9
3 Beds
Avg:$777,552Median:$750,000Range:$625,000 – $1,049,000PSF:$536 / $573Sq Ft:1,357 / 1,308DOM:18 / 13New:2Total:25
4 Beds
Avg:$837,727Median:$799,000Range:$475,000 – $1,250,000PSF:$354 / $343Sq Ft:2,207 / 1,934DOM:20 / 15New:2Total:26
5 Beds
Avg:$1,101,286Median:$1,099,000Range:$599,000 – $1,499,000PSF:$433 / $366Sq Ft:3,000 / 3,000DOM:17 / 18New:0Total:7
6 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:—Sq Ft:—DOM:28 / 28New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $472,861 | $475,000 | $349,900 – $617,000 | $486 / $486 | 720 / 720 | 17 / 14 | 2 | 9 |
| 3 Beds | $777,552 | $750,000 | $625,000 – $1,049,000 | $536 / $573 | 1,357 / 1,308 | 18 / 13 | 2 | 25 |
| 4 Beds | $837,727 | $799,000 | $475,000 – $1,250,000 | $354 / $343 | 2,207 / 1,934 | 20 / 15 | 2 | 26 |
| 5 Beds | $1,101,286 | $1,099,000 | $599,000 – $1,499,000 | $433 / $366 | 3,000 / 3,000 | 17 / 18 | 0 | 7 |
| 6 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | — | — | 28 / 28 | 0 | 1 |
Rental Market Overview
Median Rent
$2,650
+1.9%
Median DOM
29
−9.4%
New Listings
4
Inventory
45
+2.3%
- Average Rent: $2,945
- Median Rent: $2,650
- Rent Range: $1,925 – $5,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,069 / 1,000
- Square Footage Range: 700 – 2,000
- Days on Market (Avg/Median): 44 / 29
- Days on Market Range: 3 – 220
- New Listings: 4
- Total Listings: 45
Rentals by Property Type
Apartment
$2,550
Median DOM: 7
Inventory: 9
MoM: +1.9%
Condo
$2,150
Median DOM: 58
Inventory: 4
MoM: +1.9%
Single Family
$2,950
Median DOM: 22
Inventory: 13
MoM: +1.9%
Townhouse
$3,600
Median DOM: 57
Inventory: 1
MoM: +1.9%
Apartment
Avg/Median Rent$2,886 / $2,550Range$1,950 – $5,000Rent per Sq Ft$3 / $3Sq Ft992 / 885DOM7 / 7New0Total9
Condo
Avg/Median Rent$2,150 / $2,150Range$2,000 – $2,250Rent per Sq Ft—Sq Ft—DOM68 / 58New0Total4
Multi-Family
Avg/Median Rent$2,848 / $2,650Range$1,925 – $4,500Rent per Sq Ft$3 / $3Sq Ft900 / 900DOM52 / 47New2Total18
Single Family
Avg/Median Rent$3,315 / $2,950Range$2,200 – $5,000Rent per Sq Ft$3 / $2Sq Ft1,210 / 1,100DOM29 / 22New2Total13
Townhouse
Avg/Median Rent$3,600 / $3,600Range$3,600 – $3,600Rent per Sq Ft—Sq Ft—DOM57 / 57New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$2,370Median:$2,300Range:$1,950 – $3,107PSF:$3 / $3Sq Ft:847 / 860DOM:56 / 58New:0Total:13
2 Beds
Avg:$2,869Median:$2,850Range:$1,925 – $5,000PSF:$3 / $3Sq Ft:1,154 / 1,000DOM:27 / 13New:4Total:17
3 Beds
Avg:$3,372Median:$3,600Range:$2,100 – $4,500PSF:$3 / $2Sq Ft:1,017 / 1,100DOM:62 / 29New:0Total:11
4 Beds
Avg:$3,962Median:$3,500Range:$3,150 – $5,000PSF:$2 / $2Sq Ft:2,000 / 2,000DOM:41 / 22New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,370 | $2,300 | $1,950 – $3,107 | $3 / $3 | 847 / 860 | 56 / 58 | 0 | 13 |
| 2 Beds | $2,869 | $2,850 | $1,925 – $5,000 | $3 / $3 | 1,154 / 1,000 | 27 / 13 | 4 | 17 |
| 3 Beds | $3,372 | $3,600 | $2,100 – $4,500 | $3 / $2 | 1,017 / 1,100 | 62 / 29 | 0 | 11 |
| 4 Beds | $3,962 | $3,500 | $3,150 – $5,000 | $2 / $2 | 2,000 / 2,000 | 41 / 22 | 0 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$710,000Median DOM:16New:12Total:43
Jan 2026
Median Price:$699,000Median DOM:17New:13Total:39
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:$750,000Median DOM:14New:6Total:68
6-Month Rental Trend
Dec 2025
Median Rent:$2,850Median DOM:54New:5Total:41
Jan 2026
Median Rent:$2,750Median DOM:51New:10Total:36
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:$2,650Median DOM:29New:4Total:45
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory increased.
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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