ZIP 07040 Housing Market Report
New York Metro
Report period: July 2026
07040 Monthly Market Update – July 2026
ZIP 07040 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$829,900
−2.4%
Median DOM (Sales)
19
+26.7%
New Listings (Sales)
9
−78.0%
Median Rent
$2,800
0.0%
Median DOM (Rental)
31
+14.8%
Total Rental Listings
77
−3.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Single Family (13 DOM)
- Strongest bedroom: 5 Beds ($1,195,000 median)
Sales Market Overview
Median Price
$829,900
−2.4%
Median DOM
19
+26.7%
New Listings
9
−78.0%
Inventory
105
−7.1%
- Average Price: $915,474
- Median Price: $829,900
- Price Range: $259,900 – $1,999,000
- Price per Sq Ft (Avg/Median): $328 / $357
- Square Footage (Avg/Median): 4,275 / 2,400
- Square Footage Range: 812 – 19,998
- Days on Market (Avg/Median): 34 / 19
- Days on Market Range: 2 – 352
- New Listings: 9
- Total Listings: 105
Sales by Property Type
Condo
Avg/Median Price$363,275 / $330,000Range$259,900 – $620,000Price per Sq Ft$342 / $327Sq Ft1,061 / 812DOM46 / 32New0Total16
Multi-Family
Avg/Median Price$840,285 / $799,000Range$525,000 – $1,500,000Price per Sq Ft$174 / $114Sq Ft10,126 / 5,711DOM75 / 50New1Total20
Single Family
Avg/Median Price$1,097,334 / $989,000Range$475,000 – $1,999,000Price per Sq Ft$415 / $401Sq Ft2,287 / 2,400DOM18 / 15New8Total65
Townhouse
Avg/Median Price$545,000 / $289,999Range$279,999 – $1,060,000Price per Sq Ft$351 / $345Sq Ft812 / 812DOM48 / 43New0Total4
Sales by Bedroom Count
1 Beds
Avg:$279,825Median:$279,999Range:$259,900 – $289,999PSF:$353 / $357Sq Ft:812 / 812DOM:62 / 44New:0Total:8
2 Beds
Avg:$389,311Median:$364,900Range:$330,000 – $600,000PSF:$327 / $327Sq Ft:1,310 / 1,310DOM:32 / 36New:0Total:9
3 Beds
Avg:$701,877Median:$685,000Range:$475,000 – $1,060,000PSF:$397 / $392Sq Ft:1,572 / 1,530DOM:22 / 16New:6Total:26
4 Beds
Avg:$1,051,507Median:$989,000Range:$599,900 – $1,795,000PSF:$456 / $469Sq Ft:2,185 / 2,494DOM:16 / 14New:2Total:27
5 Beds
Avg:$1,327,611Median:$1,195,000Range:$790,000 – $1,999,000PSF:$267 / $346Sq Ft:8,618 / 3,456DOM:39 / 15New:1Total:18
6 Beds
Avg:$1,176,793Median:$1,099,999Range:$649,500 – $1,899,000PSF:$246 / $303Sq Ft:6,675 / 2,743DOM:68 / 38New:0Total:15
7 Beds
Avg:$1,097,000Median:$899,000Range:$899,000 – $1,295,000PSF:—Sq Ft:—DOM:29 / 26New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $279,825 | $279,999 | $259,900 – $289,999 | $353 / $357 | 812 / 812 | 62 / 44 | 0 | 8 |
| 2 Beds | $389,311 | $364,900 | $330,000 – $600,000 | $327 / $327 | 1,310 / 1,310 | 32 / 36 | 0 | 9 |
| 3 Beds | $701,877 | $685,000 | $475,000 – $1,060,000 | $397 / $392 | 1,572 / 1,530 | 22 / 16 | 6 | 26 |
| 4 Beds | $1,051,507 | $989,000 | $599,900 – $1,795,000 | $456 / $469 | 2,185 / 2,494 | 16 / 14 | 2 | 27 |
| 5 Beds | $1,327,611 | $1,195,000 | $790,000 – $1,999,000 | $267 / $346 | 8,618 / 3,456 | 39 / 15 | 1 | 18 |
| 6 Beds | $1,176,793 | $1,099,999 | $649,500 – $1,899,000 | $246 / $303 | 6,675 / 2,743 | 68 / 38 | 0 | 15 |
| 7 Beds | $1,097,000 | $899,000 | $899,000 – $1,295,000 | — | — | 29 / 26 | 0 | 2 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
31
+14.8%
New Listings
5
Inventory
77
−3.8%
- Average Rent: $3,127
- Median Rent: $2,800
- Rent Range: $1,500 – $8,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,255 / 1,150
- Square Footage Range: 541 – 3,519
- Days on Market (Avg/Median): 57 / 31
- Days on Market Range: 1 – 306
- New Listings: 5
- Total Listings: 77
Rentals by Property Type
Apartment
$2,800
Median DOM: 43
Inventory: 9
MoM: 0.0%
Condo
$2,700
Median DOM: 52
Inventory: 10
MoM: 0.0%
Single Family
$3,500
Median DOM: 13
Inventory: 27
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,768 / $2,800Range$1,870 – $3,650Rent per Sq Ft$3 / $3Sq Ft828 / 730DOM105 / 43New1Total9
Condo
Avg/Median Rent$3,104 / $2,700Range$1,850 – $5,495Rent per Sq Ft$2 / $2Sq Ft1,672 / 1,330DOM58 / 52New2Total10
Multi-Family
Avg/Median Rent$2,689 / $2,750Range$1,500 – $5,195Rent per Sq Ft$2 / $2Sq Ft1,534 / 1,184DOM56 / 34New1Total31
Single Family
Avg/Median Rent$3,759 / $3,500Range$2,000 – $8,000Rent per Sq Ft$3 / $4Sq Ft1,119 / 1,150DOM43 / 13New1Total27
Rentals by Bedroom Count
Studio
Avg:$1,870Median:$1,870Range:$1,870 – $1,870PSF:$3 / $3Sq Ft:541 / 541DOM:—New:0Total:1
1 Beds
Avg:$2,025Median:$1,950Range:$1,500 – $2,600PSF:$3 / $3Sq Ft:1,644 / 730DOM:69 / 38New:1Total:12
2 Beds
Avg:$3,035Median:$2,800Range:$2,100 – $4,500PSF:$3 / $3Sq Ft:1,129 / 1,150DOM:66 / 32New:2Total:37
3 Beds
Avg:$3,117Median:$2,950Range:$2,595 – $5,300PSF:$3 / $3Sq Ft:1,238 / 1,222DOM:42 / 31New:2Total:20
4 Beds
Avg:$5,759Median:$5,700Range:$4,150 – $8,000PSF:—Sq Ft:—DOM:18 / 13New:0Total:5
5 Beds
Avg:$5,598Median:$5,495Range:$5,495 – $5,700PSF:$2 / $2Sq Ft:2,900 / 2,900DOM:51 / 8New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,870 | $1,870 | $1,870 – $1,870 | $3 / $3 | 541 / 541 | — | 0 | 1 |
| 1 Beds | $2,025 | $1,950 | $1,500 – $2,600 | $3 / $3 | 1,644 / 730 | 69 / 38 | 1 | 12 |
| 2 Beds | $3,035 | $2,800 | $2,100 – $4,500 | $3 / $3 | 1,129 / 1,150 | 66 / 32 | 2 | 37 |
| 3 Beds | $3,117 | $2,950 | $2,595 – $5,300 | $3 / $3 | 1,238 / 1,222 | 42 / 31 | 2 | 20 |
| 4 Beds | $5,759 | $5,700 | $4,150 – $8,000 | — | — | 18 / 13 | 0 | 5 |
| 5 Beds | $5,598 | $5,495 | $5,495 – $5,700 | $2 / $2 | 2,900 / 2,900 | 51 / 8 | 0 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$790,000Median DOM:28New:16Total:57
Mar 2026
Median Price:$879,000Median DOM:12New:31Total:65
Apr 2026
Median Price:$849,000Median DOM:14New:44Total:93
May 2026
Median Price:$869,000Median DOM:15New:35Total:109
Jun 2026
Median Price:$850,000Median DOM:15New:41Total:113
Jul 2026
Median Price:$829,900Median DOM:19New:9Total:105
6-Month Rental Trend
Feb 2026
Median Rent:$3,100Median DOM:46New:24Total:77
Mar 2026
Median Rent:$3,100Median DOM:43New:27Total:83
Apr 2026
Median Rent:$3,100Median DOM:40New:22Total:85
May 2026
Median Rent:$2,999Median DOM:30New:26Total:83
Jun 2026
Median Rent:$2,800Median DOM:27New:21Total:80
Jul 2026
Median Rent:$2,800Median DOM:31New:5Total:77
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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