ZIP 07028 Housing Market Report

New York Metro

Report period: May 2026

07028 Monthly Market Update – May 2026

ZIP 07028 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$995,000
0.0%
Median DOM (Sales)
13
0.0%
New Listings (Sales)
8
−57.9%
Median Rent
$3,500
0.0%
Median DOM (Rental)
33
0.0%
Total Rental Listings
14
−26.3%

Month-over-Month Movement

Median sale prices were flat. Rents were stable. Rental inventory tightened.

What's Moving Fastest

  • Fastest selling: Condo (13 DOM)
  • Fastest renting: Townhouse (20 DOM)
  • Strongest bedroom: 5 Beds ($1,645,000 median)

Sales Market Overview

Median Price
$995,000
0.0%
Median DOM
13
0.0%
New Listings
8
−57.9%
Inventory
51
+15.9%
  • Average Price: $1,164,696
  • Median Price: $995,000
  • Price Range: $165,000 – $2,999,000
  • Price per Sq Ft (Avg/Median): $486 / $464
  • Square Footage (Avg/Median): 3,302 / 3,046
  • Square Footage Range: 2,915 – 3,702
  • Days on Market (Avg/Median): 25 / 13
  • Days on Market Range: 2 – 314
  • New Listings: 8
  • Total Listings: 51

Sales by Property Type

Condo
Avg/Median Price$246,800 / $210,000Range$165,000 – $389,999Price per Sq FtSq FtDOM21 / 13New2Total10
Multi-Family
Avg/Median Price$952,583 / $989,000Range$750,000 – $997,500Price per Sq FtSq FtDOM86 / 39New0Total6
Single Family
Avg/Median Price$1,463,314 / $1,495,000Range$699,000 – $2,999,000Price per Sq Ft$486 / $464Sq Ft3,302 / 3,046DOM16 / 13New6Total35

Sales by Bedroom Count

1 Beds
Avg:$211,000Median:$170,000Range:$165,000 – $299,000PSF:Sq Ft:DOM:24 / 13New:0Total:8
2 Beds
Avg:$389,999Median:$389,999Range:$389,999 – $389,999PSF:Sq Ft:DOM:6 / 6New:2Total:2
3 Beds
Avg:$929,111Median:$750,000Range:$699,000 – $1,529,000PSF:$525 / $525Sq Ft:2,915 / 2,915DOM:45 / 11New:3Total:9
4 Beds
Avg:$987,222Median:$899,000Range:$799,000 – $1,195,000PSF:Sq Ft:DOM:13 / 13New:1Total:9
5 Beds
Avg:$1,581,100Median:$1,645,000Range:$989,000 – $2,800,000PSF:$473 / $464Sq Ft:3,431 / 3,546DOM:16 / 15New:2Total:15
6 Beds
Avg:$1,996,000Median:$1,495,000Range:$995,000 – $2,999,000PSF:Sq Ft:DOM:37 / 13New:0Total:8

Rental Market Overview

Median Rent
$3,500
0.0%
Median DOM
33
0.0%
New Listings
0
Inventory
14
−26.3%
  • Average Rent: $4,486
  • Median Rent: $3,500
  • Rent Range: $2,150 – $8,000
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,293 / 1,000
  • Square Footage Range: 820 – 2,000
  • Days on Market (Avg/Median): 65 / 33
  • Days on Market Range: 10 – 147
  • New Listings: 0
  • Total Listings: 14

Rentals by Property Type

Apartment
$2,150
Median DOM:
Inventory: 2
MoM: 0.0%
Condo
Median DOM:
Inventory:
MoM: 0.0%
Single Family
$5,350
Median DOM: 40
Inventory: 6
MoM: 0.0%
Townhouse
$5,800
Median DOM: 20
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,900 / $2,150Range$2,150 – $3,650Rent per Sq Ft$3 / $3Sq Ft883 / 820DOMNew0Total2
Multi-Family
Avg/Median Rent$3,450 / $3,100Range$2,750 – $4,800Rent per Sq Ft$3 / $2Sq Ft1,500 / 1,000DOM46 / 26New0Total5
Single Family
Avg/Median Rent$5,658 / $5,350Range$2,850 – $8,000Rent per Sq Ft$3 / $3Sq Ft1,700 / 1,700DOM87 / 40New0Total6
Townhouse
Avg/Median Rent$5,800 / $5,800Range$5,800 – $5,800Rent per Sq FtSq FtDOM20 / 20New0Total1

Rentals by Bedroom Count

1 Beds
Avg:$2,883Median:$2,850Range:$2,150 – $3,650PSF:$3 / $3Sq Ft:883 / 820DOM:130 / 130New:0Total:3
2 Beds
Avg:$3,250Median:$3,250Range:$3,250 – $3,250PSF:Sq Ft:DOM:40 / 40New:0Total:1
3 Beds
Avg:$3,650Median:$3,100Range:$2,750 – $5,800PSF:$3 / $3Sq Ft:1,000 / 1,000DOM:47 / 26New:0Total:5
4 Beds
Avg:$5,650Median:$4,800Range:$4,800 – $6,500PSF:$2 / $2Sq Ft:2,000 / 2,000DOM:20 / 13New:0Total:2
5 Beds
Avg:$7,117Median:$8,000Range:$5,350 – $8,000PSF:$3 / $3Sq Ft:1,700 / 1,700DOM:109 / 147New:0Total:3

6-Month Sales Trend

Dec 2025
Median Price:$799,000Median DOM:28New:2Total:15
Jan 2026
Median Price:$799,000Median DOM:15New:15Total:19
Feb 2026
Median Price:$869,000Median DOM:15New:13Total:36
Mar 2026
Median Price:$899,000Median DOM:15New:18Total:47
Apr 2026
Median Price:$995,000Median DOM:13New:19Total:44
May 2026
Median Price:$995,000Median DOM:13New:8Total:51

6-Month Rental Trend

Dec 2025
Median Rent:$3,300Median DOM:66New:4Total:15
Jan 2026
Median Rent:$2,850Median DOM:44New:3Total:16
Feb 2026
Median Rent:$3,100Median DOM:72New:3Total:18
Mar 2026
Median Rent:$3,100Median DOM:61New:3Total:19
Apr 2026
Median Rent:$3,500Median DOM:33New:4Total:19
May 2026
Median Rent:$3,500Median DOM:33New:0Total:14

Key Market Takeaways

Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady 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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