ZIP 07023 Housing Market Report
New York Metro
Report period: May 2026
07023 Monthly Market Update – May 2026
ZIP 07023 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$700,000
0.0%
Median DOM (Sales)
20
−13.0%
New Listings (Sales)
4
−42.9%
Median Rent
$3,300
0.0%
Median DOM (Rental)
19
−9.5%
Total Rental Listings
14
+7.7%
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: Single Family (19 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,500,000 median)
Sales Market Overview
Median Price
$700,000
0.0%
Median DOM
20
−13.0%
New Listings
4
−42.9%
Inventory
32
+10.3%
- Average Price: $771,084
- Median Price: $700,000
- Price Range: $482,000 – $1,500,000
- Price per Sq Ft (Avg/Median): $420 / $424
- Square Footage (Avg/Median): 2,137 / 1,644
- Square Footage Range: 1,468 – 4,000
- Days on Market (Avg/Median): 47 / 20
- Days on Market Range: 2 – 311
- New Listings: 4
- Total Listings: 32
Sales by Property Type
Land
Avg/Median Price$1,100,000 / $1,100,000Range$1,100,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$799,000 / $799,000Range$799,000 – $799,000Price per Sq Ft—Sq Ft—DOM164 / 164New0Total1
Single Family
Avg/Median Price$759,190 / $699,000Range$482,000 – $1,500,000Price per Sq Ft$420 / $424Sq Ft2,137 / 1,644DOM43 / 19New4Total30
Sales by Bedroom Count
2 Beds
Avg:$533,500Median:$482,000Range:$482,000 – $585,000PSF:$247 / $247Sq Ft:2,368 / 2,368DOM:112 / 55New:0Total:2
3 Beds
Avg:$693,136Median:$670,000Range:$550,000 – $850,000PSF:$452 / $424Sq Ft:1,628 / 1,512DOM:42 / 20New:1Total:14
4 Beds
Avg:$748,255Median:$799,000Range:$615,000 – $875,000PSF:$498 / $503Sq Ft:1,571 / 1,580DOM:51 / 19New:2Total:11
5 Beds
Avg:$1,024,333Median:$875,000Range:$699,000 – $1,499,000PSF:$263 / $263Sq Ft:3,322 / 3,322DOM:27 / 11New:0Total:3
6 Beds
Avg:$1,500,000Median:$1,500,000Range:$1,500,000 – $1,500,000PSF:$375 / $375Sq Ft:4,000 / 4,000DOM:2 / 2New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $533,500 | $482,000 | $482,000 – $585,000 | $247 / $247 | 2,368 / 2,368 | 112 / 55 | 0 | 2 |
| 3 Beds | $693,136 | $670,000 | $550,000 – $850,000 | $452 / $424 | 1,628 / 1,512 | 42 / 20 | 1 | 14 |
| 4 Beds | $748,255 | $799,000 | $615,000 – $875,000 | $498 / $503 | 1,571 / 1,580 | 51 / 19 | 2 | 11 |
| 5 Beds | $1,024,333 | $875,000 | $699,000 – $1,499,000 | $263 / $263 | 3,322 / 3,322 | 27 / 11 | 0 | 3 |
| 6 Beds | $1,500,000 | $1,500,000 | $1,500,000 – $1,500,000 | $375 / $375 | 4,000 / 4,000 | 2 / 2 | 1 | 1 |
Rental Market Overview
Median Rent
$3,300
0.0%
Median DOM
19
−9.5%
New Listings
4
Inventory
14
+7.7%
- Average Rent: $3,403
- Median Rent: $3,300
- Rent Range: $2,300 – $4,900
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,206 / 800
- Square Footage Range: 779 – 2,090
- Days on Market (Avg/Median): 48 / 19
- Days on Market Range: 1 – 193
- New Listings: 4
- Total Listings: 14
Rentals by Property Type
Apartment
$2,695
Median DOM: 1
Inventory: 4
MoM: 0.0%
Condo
$3,500
Median DOM: 26
Inventory: 3
MoM: 0.0%
Single Family
$3,300
Median DOM: 18
Inventory: 7
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$3,299 / $2,695Range$2,300 – $4,900Rent per Sq Ft$3 / $3Sq Ft1,207 / 800DOM95 / 1New2Total4
Condo
Avg/Median Rent$3,333 / $3,500Range$3,000 – $3,500Rent per Sq Ft—Sq Ft—DOM31 / 26New0Total3
Single Family
Avg/Median Rent$3,493 / $3,300Range$2,300 – $4,500Rent per Sq Ft$3 / $2Sq Ft1,204 / 788DOM28 / 18New2Total7
Rentals by Bedroom Count
1 Beds
Avg:$2,432Median:$2,300Range:$2,300 – $2,695PSF:$3 / $3Sq Ft:789 / 788DOM:65 / 1New:2Total:3
2 Beds
Avg:$3,486Median:$3,300Range:$2,950 – $4,900PSF:$3 / $2Sq Ft:1,624 / 1,158DOM:49 / 26New:1Total:7
3 Beds
Avg:$3,550Median:$3,300Range:$3,300 – $3,800PSF:$2 / $2Sq Ft:1,619 / 1,619DOM:10 / 10New:1Total:2
4 Beds
Avg:$4,425Median:$4,350Range:$4,350 – $4,500PSF:—Sq Ft:—DOM:58 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,432 | $2,300 | $2,300 – $2,695 | $3 / $3 | 789 / 788 | 65 / 1 | 2 | 3 |
| 2 Beds | $3,486 | $3,300 | $2,950 – $4,900 | $3 / $2 | 1,624 / 1,158 | 49 / 26 | 1 | 7 |
| 3 Beds | $3,550 | $3,300 | $3,300 – $3,800 | $2 / $2 | 1,619 / 1,619 | 10 / 10 | 1 | 2 |
| 4 Beds | $4,425 | $4,350 | $4,350 – $4,500 | — | — | 58 / 18 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$799,000Median DOM:49New:2Total:19
Jan 2026
Median Price:$749,000Median DOM:49New:4Total:16
Feb 2026
Median Price:$749,000Median DOM:16New:11Total:23
Mar 2026
Median Price:$735,000Median DOM:17New:11Total:31
Apr 2026
Median Price:$700,000Median DOM:23New:7Total:29
May 2026
Median Price:$700,000Median DOM:20New:4Total:32
6-Month Rental Trend
Dec 2025
Median Rent:$3,200Median DOM:35New:4Total:11
Jan 2026
Median Rent:$2,800Median DOM:15New:3Total:11
Feb 2026
Median Rent:$2,595Median DOM:21New:5Total:10
Mar 2026
Median Rent:$3,250Median DOM:21New:4Total:9
Apr 2026
Median Rent:$3,300Median DOM:21New:6Total:13
May 2026
Median Rent:$3,300Median DOM:19New:4Total:14
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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