ZIP 07022 Housing Market Report

New York Metro

Report period: May 2026

07022 Monthly Market Update – May 2026

ZIP 07022 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$850,000
0.0%
Median DOM (Sales)
26
−7.1%
New Listings (Sales)
2
−83.3%
Median Rent
$2,500
0.0%
Median DOM (Rental)
33
−10.8%
Total Rental Listings
95
+6.7%

Month-over-Month Movement

Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Condo (20 DOM)
  • Fastest renting: Condo (4 DOM)
  • Strongest bedroom: 8 Beds ($1,175,000 median)

Sales Market Overview

Median Price
$850,000
0.0%
Median DOM
26
−7.1%
New Listings
2
−83.3%
Inventory
32
+10.3%
  • Average Price: $885,309
  • Median Price: $850,000
  • Price Range: $349,900 – $1,750,000
  • Price per Sq Ft (Avg/Median): $399 / $426
  • Square Footage (Avg/Median): 1,740 / 1,874
  • Square Footage Range: 1,078 – 1,948
  • Days on Market (Avg/Median): 44 / 26
  • Days on Market Range: 3 – 256
  • New Listings: 2
  • Total Listings: 32

Sales by Property Type

Condo
Avg/Median Price$609,450 / $349,900Range$349,900 – $869,000Price per Sq Ft$385 / $325Sq Ft1,513 / 1,078DOM138 / 20New0Total2
Land
Avg/Median Price$900,000 / $900,000Range$900,000 – $900,000Price per Sq FtSq FtDOM26 / 26New0Total1
Multi-Family
Avg/Median Price$940,667 / $849,999Range$550,000 – $1,750,000Price per Sq Ft$351 / $351Sq Ft1,851 / 1,851DOM34 / 22New1Total18
Single Family
Avg/Median Price$748,800 / $698,000Range$499,000 – $997,000Price per Sq FtSq FtDOM65 / 44New0Total5
Townhouse
Avg/Median Price$922,500 / $869,000Range$799,000 – $1,129,000Price per Sq Ft$436 / $426Sq Ft1,911 / 1,874DOM29 / 20New1Total6

Sales by Bedroom Count

2 Beds
Avg:$349,900Median:$349,900Range:$349,900 – $349,900PSF:$325 / $325Sq Ft:1,078 / 1,078DOM:256 / 256New:0Total:1
3 Beds
Avg:$830,714Median:$799,000Range:$499,000 – $1,129,000PSF:$426 / $426Sq Ft:1,874 / 1,874DOM:50 / 38New:1Total:7
4 Beds
Avg:$799,875Median:$775,000Range:$580,000 – $997,000PSF:$414 / $446Sq Ft:1,916 / 1,948DOM:28 / 20New:0Total:8
5 Beds
Avg:$859,600Median:$825,000Range:$698,000 – $1,200,000PSF:Sq Ft:DOM:11 / 10New:1Total:5
6 Beds
Avg:$901,200Median:$849,999Range:$550,000 – $1,299,000PSF:Sq Ft:DOM:40 / 34New:0Total:5
7 Beds
Avg:$1,045,667Median:$989,000Range:$949,000 – $1,199,000PSF:Sq Ft:DOM:67 / 51New:0Total:3
8 Beds
Avg:$1,462,500Median:$1,175,000Range:$1,175,000 – $1,750,000PSF:Sq Ft:DOM:42 / 22New:0Total:2

Rental Market Overview

Median Rent
$2,500
0.0%
Median DOM
33
−10.8%
New Listings
11
Inventory
95
+6.7%
  • Average Rent: $2,571
  • Median Rent: $2,500
  • Rent Range: $1,450 – $4,750
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 995 / 845
  • Square Footage Range: 500 – 3,998
  • Days on Market (Avg/Median): 65 / 33
  • Days on Market Range: 1 – 364
  • New Listings: 11
  • Total Listings: 95

Rentals by Property Type

Apartment
$2,350
Median DOM: 31
Inventory: 47
MoM: 0.0%
Condo
$1,975
Median DOM: 4
Inventory: 1
MoM: 0.0%
Single Family
$2,100
Median DOM: 183
Inventory: 2
MoM: 0.0%
Townhouse
Median DOM:
Inventory:
MoM: 0.0%
Apartment
Avg/Median Rent$2,458 / $2,350Range$1,450 – $4,200Rent per Sq Ft$3 / $3Sq Ft909 / 845DOM75 / 31New5Total47
Condo
Avg/Median Rent$1,975 / $1,975Range$1,975 – $1,975Rent per Sq Ft$2 / $2Sq Ft900 / 900DOM4 / 4New1Total1
Multi-Family
Avg/Median Rent$2,722 / $2,800Range$1,650 – $4,750Rent per Sq Ft$3 / $3Sq Ft1,683 / 550DOM54 / 33New5Total45
Single Family
Avg/Median Rent$2,150 / $2,100Range$2,100 – $2,200Rent per Sq FtSq FtDOM183 / 183New0Total2

Rentals by Bedroom Count

1 Beds
Avg:$2,073Median:$1,900Range:$1,450 – $3,200PSF:$3 / $3Sq Ft:735 / 725DOM:75 / 37New:7Total:44
2 Beds
Avg:$2,639Median:$2,500Range:$1,900 – $3,267PSF:$3 / $3Sq Ft:1,439 / 1,100DOM:45 / 25New:1Total:24
3 Beds
Avg:$3,145Median:$3,100Range:$2,500 – $4,000PSF:Sq Ft:DOM:71 / 51New:3Total:23
4 Beds
Avg:$4,400Median:$4,500Range:$3,950 – $4,750PSF:Sq Ft:DOM:20 / 21New:0Total:3
6 Beds
Avg:$4,200Median:$4,200Range:$4,200 – $4,200PSF:$3 / $3Sq Ft:1,400 / 1,400DOM:73 / 73New:0Total:1

6-Month Sales Trend

Dec 2025
Median Price:$799,000Median DOM:70New:8Total:34
Jan 2026
Median Price:$849,999Median DOM:60New:8Total:33
Feb 2026
Median Price:$849,999Median DOM:54New:8Total:35
Mar 2026
Median Price:$850,000Median DOM:42New:5Total:32
Apr 2026
Median Price:$850,000Median DOM:28New:12Total:29
May 2026
Median Price:$850,000Median DOM:26New:2Total:32

6-Month Rental Trend

Dec 2025
Median Rent:$2,300Median DOM:49New:14Total:60
Jan 2026
Median Rent:$2,300Median DOM:37New:27Total:76
Feb 2026
Median Rent:$2,300Median DOM:43New:17Total:80
Mar 2026
Median Rent:$2,395Median DOM:42New:22Total:84
Apr 2026
Median Rent:$2,500Median DOM:37New:28Total:89
May 2026
Median Rent:$2,500Median DOM:33New:11Total:95

Key Market Takeaways

Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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