ZIP 07031 Housing Market Report
New York Metro
Report period: August 2026
07031 Monthly Market Update – August 2026
ZIP 07031 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$699,000
0.0%
Median DOM (Sales)
30
+7.1%
New Listings (Sales)
3
−82.4%
Median Rent
$2,300
0.0%
Median DOM (Rental)
35
−7.9%
Total Rental Listings
64
+8.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (21 DOM)
- Fastest renting: Condo (11 DOM)
- Strongest bedroom: 6 Beds ($999,000 median)
Sales Market Overview
Median Price
$699,000
0.0%
Median DOM
30
+7.1%
New Listings
3
−82.4%
Inventory
61
−3.2%
- Average Price: $714,388
- Median Price: $699,000
- Price Range: $399,900 – $1,349,900
- Price per Sq Ft (Avg/Median): $368 / $308
- Square Footage (Avg/Median): 2,272 / 2,320
- Square Footage Range: 753 – 3,388
- Days on Market (Avg/Median): 42 / 30
- Days on Market Range: 2 – 229
- New Listings: 3
- Total Listings: 61
Sales by Property Type
Multi-Family
Avg/Median Price$845,604 / $849,000Range$525,000 – $1,349,900Price per Sq Ft$571 / $445Sq Ft1,498 / 753DOM45 / 21New0Total19
Single Family
Avg/Median Price$653,224 / $625,000Range$399,900 – $1,299,000Price per Sq Ft$291 / $236Sq Ft2,552 / 2,320DOM37 / 30New3Total41
Townhouse
Avg/Median Price$729,000 / $729,000Range$729,000 – $729,000Price per Sq Ft$270 / $270Sq Ft2,700 / 2,700DOM229 / 229New0Total1
Sales by Bedroom Count
2 Beds
Avg:$541,300Median:$495,000Range:$399,900 – $729,000PSF:$270 / $270Sq Ft:2,700 / 2,700DOM:82 / 16New:1Total:3
3 Beds
Avg:$611,518Median:$599,999Range:$449,999 – $839,999PSF:$406 / $308Sq Ft:1,894 / 1,300DOM:36 / 30New:1Total:28
4 Beds
Avg:$714,399Median:$699,000Range:$499,000 – $949,999PSF:—Sq Ft:—DOM:37 / 18New:1Total:14
5 Beds
Avg:$853,976Median:$849,888Range:$599,000 – $1,249,000PSF:$236 / $236Sq Ft:3,388 / 3,388DOM:37 / 21New:0Total:9
6 Beds
Avg:$1,020,557Median:$999,000Range:$699,000 – $1,349,900PSF:$445 / $445Sq Ft:2,244 / 2,244DOM:70 / 69New:0Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $541,300 | $495,000 | $399,900 – $729,000 | $270 / $270 | 2,700 / 2,700 | 82 / 16 | 1 | 3 |
| 3 Beds | $611,518 | $599,999 | $449,999 – $839,999 | $406 / $308 | 1,894 / 1,300 | 36 / 30 | 1 | 28 |
| 4 Beds | $714,399 | $699,000 | $499,000 – $949,999 | — | — | 37 / 18 | 1 | 14 |
| 5 Beds | $853,976 | $849,888 | $599,000 – $1,249,000 | $236 / $236 | 3,388 / 3,388 | 37 / 21 | 0 | 9 |
| 6 Beds | $1,020,557 | $999,000 | $699,000 – $1,349,900 | $445 / $445 | 2,244 / 2,244 | 70 / 69 | 0 | 7 |
Rental Market Overview
Median Rent
$2,300
0.0%
Median DOM
35
−7.9%
New Listings
8
Inventory
64
+8.5%
- Average Rent: $2,438
- Median Rent: $2,300
- Rent Range: $1,500 – $4,800
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 879 / 750
- Square Footage Range: 675 – 1,741
- Days on Market (Avg/Median): 51 / 35
- Days on Market Range: 1 – 299
- New Listings: 8
- Total Listings: 64
Rentals by Property Type
Apartment
$2,000
Median DOM: 61
Inventory: 17
MoM: 0.0%
Condo
$1,700
Median DOM: 11
Inventory: 4
MoM: 0.0%
Single Family
$3,500
Median DOM: 16
Inventory: 7
MoM: 0.0%
Townhouse
$2,450
Median DOM: —
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,171 / $2,000Range$1,750 – $3,200Rent per Sq Ft$3 / $2Sq Ft826 / 750DOM80 / 61New1Total17
Condo
Avg/Median Rent$2,088 / $1,700Range$1,500 – $2,850Rent per Sq Ft$2 / $2Sq Ft700 / 700DOM25 / 11New1Total4
Multi-Family
Avg/Median Rent$2,380 / $2,300Range$1,500 – $3,400Rent per Sq Ft$3 / $3Sq Ft760 / 750DOM46 / 34New4Total35
Single Family
Avg/Median Rent$3,571 / $3,500Range$2,400 – $4,800Rent per Sq Ft$2 / $2Sq Ft1,741 / 1,741DOM21 / 16New2Total7
Townhouse
Avg/Median Rent$2,450 / $2,450Range$2,450 – $2,450Rent per Sq Ft$2 / $2Sq Ft1,104 / 1,104DOM—New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,993Median:$1,850Range:$1,500 – $3,120PSF:$3 / $3Sq Ft:732 / 750DOM:68 / 41New:0Total:20
2 Beds
Avg:$2,210Median:$2,200Range:$1,500 – $2,600PSF:$3 / $2Sq Ft:863 / 800DOM:44 / 35New:3Total:24
3 Beds
Avg:$3,028Median:$3,000Range:$2,100 – $3,850PSF:$2 / $2Sq Ft:1,741 / 1,741DOM:42 / 16New:5Total:18
4 Beds
Avg:$4,300Median:$3,800Range:$3,800 – $4,800PSF:—Sq Ft:—DOM:41 / 25New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,993 | $1,850 | $1,500 – $3,120 | $3 / $3 | 732 / 750 | 68 / 41 | 0 | 20 |
| 2 Beds | $2,210 | $2,200 | $1,500 – $2,600 | $3 / $2 | 863 / 800 | 44 / 35 | 3 | 24 |
| 3 Beds | $3,028 | $3,000 | $2,100 – $3,850 | $2 / $2 | 1,741 / 1,741 | 42 / 16 | 5 | 18 |
| 4 Beds | $4,300 | $3,800 | $3,800 – $4,800 | — | — | 41 / 25 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$699,900Median DOM:24New:14Total:38
Apr 2026
Median Price:$660,000Median DOM:23New:13Total:44
May 2026
Median Price:$660,000Median DOM:20New:16Total:46
Jun 2026
Median Price:$660,000Median DOM:22New:24Total:55
Jul 2026
Median Price:$699,000Median DOM:28New:17Total:63
Aug 2026
Median Price:$699,000Median DOM:30New:3Total:61
6-Month Rental Trend
Mar 2026
Median Rent:$2,200Median DOM:33New:24Total:76
Apr 2026
Median Rent:$2,200Median DOM:44New:20Total:81
May 2026
Median Rent:$2,200Median DOM:47New:11Total:70
Jun 2026
Median Rent:$2,300Median DOM:34New:18Total:66
Jul 2026
Median Rent:$2,300Median DOM:38New:12Total:59
Aug 2026
Median Rent:$2,300Median DOM:35New:8Total:64
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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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