ZIP 07041 Housing Market Report
New York Metro
Report period: August 2026
07041 Monthly Market Update – August 2026
ZIP 07041 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,488,000
−2.4%
Median DOM (Sales)
29
+20.8%
New Listings (Sales)
0
−100.0%
Median Rent
$3,800
−2.6%
Median DOM (Rental)
33
+10.0%
Total Rental Listings
50
−5.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (22 DOM)
- Fastest renting: Multi-Family (18 DOM)
- Strongest bedroom: 5 Beds ($1,795,000 median)
Sales Market Overview
Median Price
$1,488,000
−2.4%
Median DOM
29
+20.8%
New Listings
0
−100.0%
Inventory
30
−3.2%
- Average Price: $1,498,863
- Median Price: $1,488,000
- Price Range: $320,000 – $2,999,000
- Price per Sq Ft (Avg/Median): $585 / $614
- Square Footage (Avg/Median): 2,331 / 2,200
- Square Footage Range: 1,016 – 3,800
- Days on Market (Avg/Median): 46 / 29
- Days on Market Range: 7 – 165
- New Listings: 0
- Total Listings: 30
Sales by Property Type
Condo
Avg/Median Price$1,336,909 / $1,595,000Range$320,000 – $1,800,000Price per Sq Ft$574 / $614Sq Ft2,294 / 2,200DOM51 / 29New0Total11
Multi-Family
Avg/Median Price$1,490,000 / $1,488,000Range$1,398,000 – $1,549,000Price per Sq Ft$408 / $408Sq Ft3,800 / 3,800DOM41 / 22New0Total4
Single Family
Avg/Median Price$1,619,993 / $1,250,000Range$775,000 – $2,999,000Price per Sq Ft$712 / $659Sq Ft1,728 / 1,635DOM44 / 31New0Total15
Sales by Bedroom Count
1 Beds
Avg:$320,000Median:$320,000Range:$320,000 – $320,000PSF:—Sq Ft:—DOM:29 / 29New:0Total:1
2 Beds
Avg:$630,000Median:$665,000Range:$450,000 – $775,000PSF:$429 / $415Sq Ft:1,310 / 1,016DOM:70 / 24New:0Total:3
3 Beds
Avg:$1,202,483Median:$1,100,000Range:$839,900 – $1,488,000PSF:$676 / $676Sq Ft:2,200 / 2,200DOM:45 / 19New:0Total:6
4 Beds
Avg:$1,448,429Median:$1,398,000Range:$1,199,000 – $1,650,000PSF:$745 / $725Sq Ft:1,918 / 1,635DOM:36 / 31New:0Total:7
5 Beds
Avg:$1,895,818Median:$1,795,000Range:$1,200,000 – $2,895,000PSF:$605 / $614Sq Ft:2,714 / 2,768DOM:47 / 41New:0Total:11
6 Beds
Avg:$2,274,000Median:$1,549,000Range:$1,549,000 – $2,999,000PSF:$408 / $408Sq Ft:3,800 / 3,800DOM:50 / 50New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $320,000 | $320,000 | $320,000 – $320,000 | — | — | 29 / 29 | 0 | 1 |
| 2 Beds | $630,000 | $665,000 | $450,000 – $775,000 | $429 / $415 | 1,310 / 1,016 | 70 / 24 | 0 | 3 |
| 3 Beds | $1,202,483 | $1,100,000 | $839,900 – $1,488,000 | $676 / $676 | 2,200 / 2,200 | 45 / 19 | 0 | 6 |
| 4 Beds | $1,448,429 | $1,398,000 | $1,199,000 – $1,650,000 | $745 / $725 | 1,918 / 1,635 | 36 / 31 | 0 | 7 |
| 5 Beds | $1,895,818 | $1,795,000 | $1,200,000 – $2,895,000 | $605 / $614 | 2,714 / 2,768 | 47 / 41 | 0 | 11 |
| 6 Beds | $2,274,000 | $1,549,000 | $1,549,000 – $2,999,000 | $408 / $408 | 3,800 / 3,800 | 50 / 50 | 0 | 2 |
Rental Market Overview
Median Rent
$3,800
−2.6%
Median DOM
33
+10.0%
New Listings
2
Inventory
50
−5.7%
- Average Rent: $4,191
- Median Rent: $3,800
- Rent Range: $1,950 – $7,200
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 1,304 / 1,011
- Square Footage Range: 480 – 2,313
- Days on Market (Avg/Median): 47 / 33
- Days on Market Range: 5 – 265
- New Listings: 2
- Total Listings: 50
Rentals by Property Type
Apartment
$2,450
Median DOM: 76
Inventory: 6
MoM: −2.6%
Condo
$2,580
Median DOM: 56
Inventory: 7
MoM: −2.6%
Single Family
$4,999
Median DOM: 33
Inventory: 23
MoM: −2.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −2.6%
Apartment
Avg/Median Rent$2,957 / $2,450Range$1,950 – $3,965Rent per Sq Ft$5 / $4Sq Ft694 / 480DOM89 / 76New0Total6
Condo
Avg/Median Rent$3,221 / $2,580Range$1,990 – $6,000Rent per Sq Ft$5 / $5Sq Ft1,011 / 1,011DOM80 / 56New0Total7
Multi-Family
Avg/Median Rent$4,182 / $3,300Range$2,200 – $7,200Rent per Sq Ft$3 / $2Sq Ft1,575 / 1,200DOM24 / 18New0Total14
Single Family
Avg/Median Rent$4,814 / $4,999Range$1,990 – $7,200Rent per Sq Ft$3 / $3Sq Ft1,628 / 1,800DOM41 / 33New2Total23
Rentals by Bedroom Count
1 Beds
Avg:$2,417Median:$2,200Range:$1,950 – $3,965PSF:$5 / $4Sq Ft:694 / 480DOM:72 / 39New:0Total:7
2 Beds
Avg:$2,982Median:$2,895Range:$2,200 – $4,600PSF:$4 / $3Sq Ft:892 / 772DOM:63 / 45New:0Total:17
3 Beds
Avg:$4,844Median:$4,900Range:$3,300 – $6,000PSF:$3 / $2Sq Ft:1,575 / 1,200DOM:28 / 26New:2Total:16
4 Beds
Avg:$6,342Median:$6,250Range:$4,999 – $7,200PSF:$3 / $3Sq Ft:2,056 / 1,800DOM:33 / 24New:0Total:8
5 Beds
Avg:$7,200Median:$7,200Range:$7,200 – $7,200PSF:—Sq Ft:—DOM:35 / 35New:0Total:1
6 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:—Sq Ft:—DOM:25 / 25New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,417 | $2,200 | $1,950 – $3,965 | $5 / $4 | 694 / 480 | 72 / 39 | 0 | 7 |
| 2 Beds | $2,982 | $2,895 | $2,200 – $4,600 | $4 / $3 | 892 / 772 | 63 / 45 | 0 | 17 |
| 3 Beds | $4,844 | $4,900 | $3,300 – $6,000 | $3 / $2 | 1,575 / 1,200 | 28 / 26 | 2 | 16 |
| 4 Beds | $6,342 | $6,250 | $4,999 – $7,200 | $3 / $3 | 2,056 / 1,800 | 33 / 24 | 0 | 8 |
| 5 Beds | $7,200 | $7,200 | $7,200 – $7,200 | — | — | 35 / 35 | 0 | 1 |
| 6 Beds | $6,500 | $6,500 | $6,500 – $6,500 | — | — | 25 / 25 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$1,568,000Median DOM:31New:5Total:23
Apr 2026
Median Price:$1,568,000Median DOM:13New:15Total:30
May 2026
Median Price:$1,595,000Median DOM:25New:7Total:28
Jun 2026
Median Price:$1,549,000Median DOM:20New:11Total:28
Jul 2026
Median Price:$1,525,000Median DOM:24New:10Total:31
Aug 2026
Median Price:$1,488,000Median DOM:29New:0Total:30
6-Month Rental Trend
Mar 2026
Median Rent:$2,950Median DOM:30New:12Total:33
Apr 2026
Median Rent:$2,700Median DOM:39New:10Total:36
May 2026
Median Rent:$2,995Median DOM:31New:14Total:42
Jun 2026
Median Rent:$3,600Median DOM:28New:15Total:48
Jul 2026
Median Rent:$3,900Median DOM:30New:17Total:53
Aug 2026
Median Rent:$3,800Median DOM:33New:2Total:50
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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