ZIP 07031 Housing Market Report
New York Metro
Report period: May 2026
07031 Monthly Market Update – May 2026
ZIP 07031 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$660,000
0.0%
Median DOM (Sales)
23
0.0%
New Listings (Sales)
4
−69.2%
Median Rent
$2,200
0.0%
Median DOM (Rental)
40
−9.1%
Total Rental Listings
77
−4.9%
Month-over-Month Movement
Median sale prices were flat. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (17 DOM)
- Fastest renting: Condo (8 DOM)
- Strongest bedroom: 5 Beds ($895,000 median)
Sales Market Overview
Median Price
$660,000
0.0%
Median DOM
23
0.0%
New Listings
4
−69.2%
Inventory
47
+6.8%
- Average Price: $691,072
- Median Price: $660,000
- Price Range: $299,000 – $1,179,000
- Price per Sq Ft (Avg/Median): $426 / $435
- Square Footage (Avg/Median): 1,909 / 1,600
- Square Footage Range: 692 – 3,202
- Days on Market (Avg/Median): 38 / 23
- Days on Market Range: 2 – 190
- New Listings: 4
- Total Listings: 47
Sales by Property Type
Condo
Avg/Median Price$299,000 / $299,000Range$299,000 – $299,000Price per Sq Ft$432 / $432Sq Ft692 / 692DOM45 / 45New0Total1
Multi-Family
Avg/Median Price$834,742 / $849,000Range$550,000 – $1,179,000Price per Sq Ft$518 / $525Sq Ft1,732 / 1,600DOM34 / 17New1Total12
Single Family
Avg/Median Price$638,283 / $599,900Range$435,000 – $900,000Price per Sq Ft$375 / $396Sq Ft2,127 / 1,480DOM36 / 20New3Total30
Townhouse
Avg/Median Price$754,000 / $749,000Range$729,000 – $779,000Price per Sq Ft$270 / $270Sq Ft2,700 / 2,700DOM70 / 35New0Total4
Sales by Bedroom Count
1 Beds
Avg:$299,000Median:$299,000Range:$299,000 – $299,000PSF:$432 / $432Sq Ft:692 / 692DOM:45 / 45New:0Total:1
2 Beds
Avg:$705,200Median:$749,000Range:$510,000 – $779,000PSF:$270 / $270Sq Ft:2,700 / 2,700DOM:60 / 35New:0Total:5
3 Beds
Avg:$600,448Median:$599,000Range:$435,000 – $779,900PSF:$470 / $439Sq Ft:1,611 / 1,400DOM:30 / 19New:3Total:23
4 Beds
Avg:$735,576Median:$735,000Range:$599,888 – $900,000PSF:$385 / $302Sq Ft:2,290 / 1,600DOM:51 / 34New:0Total:9
5 Beds
Avg:$881,633Median:$895,000Range:$850,000 – $899,900PSF:$396 / $396Sq Ft:2,272 / 2,272DOM:14 / 12New:0Total:3
6 Beds
Avg:$930,000Median:$875,000Range:$753,000 – $1,179,000PSF:$427 / $328Sq Ft:2,454 / 2,244DOM:43 / 47New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $299,000 | $299,000 | $299,000 – $299,000 | $432 / $432 | 692 / 692 | 45 / 45 | 0 | 1 |
| 2 Beds | $705,200 | $749,000 | $510,000 – $779,000 | $270 / $270 | 2,700 / 2,700 | 60 / 35 | 0 | 5 |
| 3 Beds | $600,448 | $599,000 | $435,000 – $779,900 | $470 / $439 | 1,611 / 1,400 | 30 / 19 | 3 | 23 |
| 4 Beds | $735,576 | $735,000 | $599,888 – $900,000 | $385 / $302 | 2,290 / 1,600 | 51 / 34 | 0 | 9 |
| 5 Beds | $881,633 | $895,000 | $850,000 – $899,900 | $396 / $396 | 2,272 / 2,272 | 14 / 12 | 0 | 3 |
| 6 Beds | $930,000 | $875,000 | $753,000 – $1,179,000 | $427 / $328 | 2,454 / 2,244 | 43 / 47 | 1 | 6 |
Rental Market Overview
Median Rent
$2,200
0.0%
Median DOM
40
−9.1%
New Listings
4
Inventory
77
−4.9%
- Average Rent: $2,334
- Median Rent: $2,200
- Rent Range: $1,350 – $4,995
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 924 / 750
- Square Footage Range: 500 – 2,544
- Days on Market (Avg/Median): 54 / 40
- Days on Market Range: 2 – 241
- New Listings: 4
- Total Listings: 77
Rentals by Property Type
Apartment
$2,200
Median DOM: 27
Inventory: 20
MoM: 0.0%
Condo
$1,350
Median DOM: 8
Inventory: 2
MoM: 0.0%
Single Family
$2,650
Median DOM: 49
Inventory: 8
MoM: 0.0%
Townhouse
$2,500
Median DOM: —
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,158 / $2,200Range$1,550 – $3,500Rent per Sq Ft$3 / $3Sq Ft710 / 675DOM49 / 27New2Total20
Condo
Avg/Median Rent$1,675 / $1,350Range$1,350 – $2,000Rent per Sq Ft$3 / $3Sq Ft500 / 500DOM14 / 8New0Total2
Multi-Family
Avg/Median Rent$2,331 / $2,300Range$1,550 – $3,400Rent per Sq Ft$3 / $3Sq Ft750 / 750DOM54 / 47New1Total46
Single Family
Avg/Median Rent$2,931 / $2,650Range$1,650 – $4,995Rent per Sq Ft$2 / $2Sq Ft1,492 / 1,008DOM72 / 49New1Total8
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,104 / 1,104DOM—New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,972Median:$1,900Range:$1,350 – $3,500PSF:$3 / $3Sq Ft:644 / 675DOM:61 / 39New:2Total:32
2 Beds
Avg:$2,339Median:$2,300Range:$1,900 – $3,300PSF:$2 / $2Sq Ft:1,009 / 999DOM:49 / 42New:0Total:23
3 Beds
Avg:$2,752Median:$2,650Range:$2,100 – $3,400PSF:$3 / $3Sq Ft:1,008 / 1,008DOM:42 / 34New:2Total:21
5 Beds
Avg:$4,995Median:$4,995Range:$4,995 – $4,995PSF:$2 / $2Sq Ft:2,544 / 2,544DOM:159 / 159New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,972 | $1,900 | $1,350 – $3,500 | $3 / $3 | 644 / 675 | 61 / 39 | 2 | 32 |
| 2 Beds | $2,339 | $2,300 | $1,900 – $3,300 | $2 / $2 | 1,009 / 999 | 49 / 42 | 0 | 23 |
| 3 Beds | $2,752 | $2,650 | $2,100 – $3,400 | $3 / $3 | 1,008 / 1,008 | 42 / 34 | 2 | 21 |
| 5 Beds | $4,995 | $4,995 | $4,995 – $4,995 | $2 / $2 | 2,544 / 2,544 | 159 / 159 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$749,000Median DOM:30New:10Total:26
Jan 2026
Median Price:$755,000Median DOM:45New:7Total:31
Feb 2026
Median Price:$755,000Median DOM:41New:9Total:33
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:23New:4Total:47
6-Month Rental Trend
Dec 2025
Median Rent:$2,350Median DOM:54New:12Total:59
Jan 2026
Median Rent:$2,300Median DOM:51New:15Total:60
Feb 2026
Median Rent:$2,200Median DOM:43New:22Total:66
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:40New:4Total:77
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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