ZIP 07024 Housing Market Report
New York Metro
Report period: May 2026
07024 Monthly Market Update – May 2026
ZIP 07024 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$389,000
+0.3%
Median DOM (Sales)
40
−4.8%
New Listings (Sales)
37
−47.1%
Median Rent
$2,895
−0.2%
Median DOM (Rental)
41
−4.7%
Total Rental Listings
338
−0.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (20 DOM)
- Fastest renting: Multi-Family (31 DOM)
- Strongest bedroom: 8 Beds ($1,650,000 median)
Sales Market Overview
Median Price
$389,000
+0.3%
Median DOM
40
−4.8%
New Listings
37
−47.1%
Inventory
313
+6.8%
- Average Price: $634,318
- Median Price: $389,000
- Price Range: $64,800 – $4,499,000
- Price per Sq Ft (Avg/Median): $330 / $313
- Square Footage (Avg/Median): 1,759 / 1,030
- Square Footage Range: 703 – 5,644
- Days on Market (Avg/Median): 60 / 40
- Days on Market Range: 2 – 365
- New Listings: 37
- Total Listings: 313
Sales by Property Type
Condo
Avg/Median Price$435,402 / $340,000Range$64,800 – $2,695,000Price per Sq Ft$305 / $213Sq Ft1,337 / 1,000DOM63 / 42New27Total256
Land
Avg/Median Price$1,532,963 / $1,199,000Range$399,000 – $3,000,888Price per Sq Ft—Sq Ft—DOM159 / 121New0Total3
Multi-Family
Avg/Median Price$1,503,080 / $1,548,000Range$988,000 – $2,300,000Price per Sq Ft—Sq Ft—DOM38 / 31New2Total10
Single Family
Avg/Median Price$1,877,717 / $1,499,000Range$899,000 – $4,499,000Price per Sq Ft$508 / $592Sq Ft4,720 / 4,310DOM51 / 20New5Total22
Townhouse
Avg/Median Price$1,188,149 / $1,175,910Range$499,999 – $2,300,000Price per Sq Ft$390 / $390Sq Ft3,017 / 3,017DOM29 / 20New3Total22
Sales by Bedroom Count
Studio
Avg:$158,294Median:$159,000Range:$64,800 – $250,000PSF:—Sq Ft:—DOM:51 / 22New:3Total:16
1 Beds
Avg:$278,725Median:$229,900Range:$80,000 – $627,000PSF:$268 / $184Sq Ft:881 / 865DOM:59 / 41New:12Total:106
2 Beds
Avg:$476,284Median:$425,000Range:$140,000 – $1,298,000PSF:$330 / $326Sq Ft:1,235 / 1,241DOM:64 / 49New:7Total:105
3 Beds
Avg:$968,004Median:$899,000Range:$210,000 – $2,300,000PSF:$365 / $165Sq Ft:2,580 / 2,652DOM:57 / 34New:4Total:41
4 Beds
Avg:$1,451,883Median:$1,450,000Range:$388,000 – $2,695,000PSF:$391 / $391Sq Ft:4,324 / 4,324DOM:50 / 10New:7Total:20
5 Beds
Avg:$1,995,640Median:$1,350,000Range:$999,900 – $4,499,000PSF:$313 / $313Sq Ft:4,310 / 4,310DOM:17 / 11New:4Total:12
6 Beds
Avg:$1,980,650Median:$1,595,000Range:$999,900 – $3,499,000PSF:$606 / $592Sq Ft:4,925 / 4,206DOM:120 / 84New:0Total:6
8 Beds
Avg:$1,824,500Median:$1,650,000Range:$1,548,000 – $2,300,000PSF:—Sq Ft:—DOM:37 / 38New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $158,294 | $159,000 | $64,800 – $250,000 | — | — | 51 / 22 | 3 | 16 |
| 1 Beds | $278,725 | $229,900 | $80,000 – $627,000 | $268 / $184 | 881 / 865 | 59 / 41 | 12 | 106 |
| 2 Beds | $476,284 | $425,000 | $140,000 – $1,298,000 | $330 / $326 | 1,235 / 1,241 | 64 / 49 | 7 | 105 |
| 3 Beds | $968,004 | $899,000 | $210,000 – $2,300,000 | $365 / $165 | 2,580 / 2,652 | 57 / 34 | 4 | 41 |
| 4 Beds | $1,451,883 | $1,450,000 | $388,000 – $2,695,000 | $391 / $391 | 4,324 / 4,324 | 50 / 10 | 7 | 20 |
| 5 Beds | $1,995,640 | $1,350,000 | $999,900 – $4,499,000 | $313 / $313 | 4,310 / 4,310 | 17 / 11 | 4 | 12 |
| 6 Beds | $1,980,650 | $1,595,000 | $999,900 – $3,499,000 | $606 / $592 | 4,925 / 4,206 | 120 / 84 | 0 | 6 |
| 8 Beds | $1,824,500 | $1,650,000 | $1,548,000 – $2,300,000 | — | — | 37 / 38 | 0 | 4 |
Rental Market Overview
Median Rent
$2,895
−0.2%
Median DOM
41
−4.7%
New Listings
36
Inventory
338
−0.3%
- Average Rent: $3,112
- Median Rent: $2,895
- Rent Range: $1,250 – $9,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 954 / 811
- Square Footage Range: 348 – 3,200
- Days on Market (Avg/Median): 62 / 41
- Days on Market Range: 1 – 354
- New Listings: 36
- Total Listings: 338
Rentals by Property Type
Apartment
$2,900
Median DOM: 65
Inventory: 129
MoM: −0.2%
Condo
$1,850
Median DOM: 43
Inventory: 51
MoM: −0.2%
Single Family
$4,600
Median DOM: 33
Inventory: 14
MoM: −0.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.2%
Apartment
Avg/Median Rent$3,068 / $2,900Range$1,250 – $7,500Rent per Sq Ft$4 / $3Sq Ft942 / 775DOM88 / 65New8Total129
Condo
Avg/Median Rent$2,087 / $1,850Range$1,250 – $4,700Rent per Sq Ft$3 / $3Sq Ft970 / 970DOM55 / 43New3Total51
Multi-Family
Avg/Median Rent$3,369 / $3,100Range$1,500 – $9,000Rent per Sq Ft$3 / $3Sq Ft1,054 / 1,000DOM44 / 31New23Total144
Single Family
Avg/Median Rent$4,614 / $4,600Range$1,850 – $8,600Rent per Sq Ft—Sq Ft—DOM48 / 33New2Total14
Rentals by Bedroom Count
Studio
Avg:$1,962Median:$1,750Range:$1,250 – $3,150PSF:$4 / $4Sq Ft:588 / 590DOM:51 / 45New:1Total:43
1 Beds
Avg:$2,484Median:$2,600Range:$1,500 – $3,400PSF:$3 / $3Sq Ft:858 / 818DOM:68 / 47New:11Total:125
2 Beds
Avg:$3,301Median:$3,300Range:$1,850 – $5,500PSF:$3 / $3Sq Ft:1,294 / 1,300DOM:64 / 37New:12Total:105
3 Beds
Avg:$4,484Median:$4,200Range:$2,890 – $8,500PSF:$3 / $2Sq Ft:1,978 / 1,734DOM:58 / 36New:9Total:50
4 Beds
Avg:$5,354Median:$4,950Range:$3,500 – $8,300PSF:—Sq Ft:—DOM:26 / 23New:3Total:12
5 Beds
Avg:$7,367Median:$8,600Range:$4,500 – $9,000PSF:—Sq Ft:—DOM:95 / 41New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,962 | $1,750 | $1,250 – $3,150 | $4 / $4 | 588 / 590 | 51 / 45 | 1 | 43 |
| 1 Beds | $2,484 | $2,600 | $1,500 – $3,400 | $3 / $3 | 858 / 818 | 68 / 47 | 11 | 125 |
| 2 Beds | $3,301 | $3,300 | $1,850 – $5,500 | $3 / $3 | 1,294 / 1,300 | 64 / 37 | 12 | 105 |
| 3 Beds | $4,484 | $4,200 | $2,890 – $8,500 | $3 / $2 | 1,978 / 1,734 | 58 / 36 | 9 | 50 |
| 4 Beds | $5,354 | $4,950 | $3,500 – $8,300 | — | — | 26 / 23 | 3 | 12 |
| 5 Beds | $7,367 | $8,600 | $4,500 – $9,000 | — | — | 95 / 41 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$399,000Median DOM:64New:48Total:271
Jan 2026
Median Price:$398,000Median DOM:60New:65Total:272
Feb 2026
Median Price:$399,000Median DOM:57New:51Total:266
Mar 2026
Median Price:$389,000Median DOM:44New:83Total:284
Apr 2026
Median Price:$388,000Median DOM:42New:70Total:293
May 2026
Median Price:$389,000Median DOM:40New:37Total:313
6-Month Rental Trend
Dec 2025
Median Rent:$2,845Median DOM:52New:72Total:312
Jan 2026
Median Rent:$2,900Median DOM:55New:69Total:298
Feb 2026
Median Rent:$2,900Median DOM:48New:94Total:339
Mar 2026
Median Rent:$2,900Median DOM:43New:83Total:343
Apr 2026
Median Rent:$2,900Median DOM:43New:83Total:339
May 2026
Median Rent:$2,895Median DOM:41New:36Total:338
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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