ZIP 07041 Housing Market Report

New York Metro

Report period: May 2026

07041 Monthly Market Update – May 2026

ZIP 07041 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$1,595,000
+1.7%
Median DOM (Sales)
13
0.0%
New Listings (Sales)
3
−80.0%
Median Rent
$2,700
0.0%
Median DOM (Rental)
48
+23.1%
Total Rental Listings
37
+2.8%

Month-over-Month Movement

Median sale prices moved higher. Rents were stable. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Single Family (11 DOM)
  • Fastest renting: Apartment (23 DOM)
  • Strongest bedroom: 6 Beds ($1,888,000 median)

Sales Market Overview

Median Price
$1,595,000
+1.7%
Median DOM
13
0.0%
New Listings
3
−80.0%
Inventory
32
+6.7%
  • Average Price: $1,626,841
  • Median Price: $1,595,000
  • Price Range: $599,000 – $3,395,000
  • Price per Sq Ft (Avg/Median): $729 / $659
  • Square Footage (Avg/Median): 2,533 / 2,200
  • Square Footage Range: 1,104 – 4,270
  • Days on Market (Avg/Median): 32 / 13
  • Days on Market Range: 3 – 181
  • New Listings: 3
  • Total Listings: 32

Sales by Property Type

Condo
Avg/Median Price$1,578,600 / $1,595,000Range$1,295,000 – $1,790,000Price per Sq Ft$647 / $660Sq Ft2,466 / 2,200DOM31 / 27New0Total5
Multi-Family
Avg/Median Price$1,555,333 / $1,549,000Range$1,518,000 – $1,599,000Price per Sq Ft$408 / $408Sq Ft3,800 / 3,800DOM23 / 23New0Total3
Single Family
Avg/Median Price$1,641,300 / $1,595,000Range$599,000 – $3,395,000Price per Sq Ft$687 / $585Sq Ft2,619 / 2,235DOM31 / 11New3Total23
Townhouse
Avg/Median Price$1,750,000 / $1,750,000Range$1,750,000 – $1,750,000Price per Sq Ft$1,585 / $1,585Sq Ft1,104 / 1,104DOM71 / 71New0Total1

Sales by Bedroom Count

2 Beds
Avg:$775,000Median:$775,000Range:$775,000 – $775,000PSF:Sq Ft:DOM:74 / 74New:0Total:1
3 Beds
Avg:$1,111,790Median:$999,000Range:$599,000 – $1,595,000PSF:$647 / $690Sq Ft:2,212 / 2,200DOM:27 / 10New:1Total:10
4 Beds
Avg:$1,598,091Median:$1,695,000Range:$1,200,000 – $1,888,000PSF:$609 / $659Sq Ft:2,239 / 1,962DOM:37 / 10New:1Total:11
5 Beds
Avg:$2,126,167Median:$1,790,000Range:$1,599,000 – $2,995,000PSF:$960 / $585Sq Ft:2,678 / 1,837DOM:28 / 17New:0Total:6
6 Beds
Avg:$2,457,500Median:$1,888,000Range:$1,549,000 – $3,395,000PSF:$408 / $408Sq Ft:3,800 / 3,800DOM:27 / 10New:1Total:4

Rental Market Overview

Median Rent
$2,700
0.0%
Median DOM
48
+23.1%
New Listings
3
Inventory
37
+2.8%
  • Average Rent: $3,537
  • Median Rent: $2,700
  • Rent Range: $1,775 – $8,995
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,158 / 760
  • Square Footage Range: 635 – 2,600
  • Days on Market (Avg/Median): 55 / 48
  • Days on Market Range: 3 – 174
  • New Listings: 3
  • Total Listings: 37

Rentals by Property Type

Apartment
$1,995
Median DOM: 23
Inventory: 7
MoM: 0.0%
Condo
$2,450
Median DOM: 49
Inventory: 9
MoM: 0.0%
Single Family
$4,500
Median DOM: 56
Inventory: 13
MoM: 0.0%
Townhouse
Median DOM:
Inventory:
MoM: 0.0%
Apartment
Avg/Median Rent$2,299 / $1,995Range$1,775 – $3,500Rent per Sq Ft$3 / $3Sq Ft678 / 640DOM47 / 23New0Total7
Condo
Avg/Median Rent$3,148 / $2,450Range$1,990 – $8,995Rent per Sq Ft$4 / $4Sq Ft655 / 655DOM59 / 49New0Total9
Multi-Family
Avg/Median Rent$3,438 / $2,700Range$2,500 – $5,500Rent per Sq Ft$3 / $3Sq Ft1,307 / 1,307DOM40 / 26New1Total8
Single Family
Avg/Median Rent$4,533 / $4,500Range$1,990 – $8,800Rent per Sq Ft$3 / $3Sq Ft1,757 / 1,470DOM67 / 56New2Total13

Rentals by Bedroom Count

1 Beds
Avg:$2,029Median:$1,990Range:$1,775 – $2,425PSF:$3 / $3Sq Ft:678 / 640DOM:61 / 59New:0Total:9
2 Beds
Avg:$2,700Median:$2,600Range:$2,300 – $3,500PSF:$4 / $4Sq Ft:655 / 655DOM:55 / 39New:0Total:15
3 Beds
Avg:$4,672Median:$4,500Range:$3,700 – $6,500PSF:$3 / $3Sq Ft:1,326 / 1,307DOM:42 / 22New:3Total:9
4 Beds
Avg:$7,498Median:$6,000Range:$6,000 – $8,995PSF:Sq Ft:DOM:63 / 55New:0Total:2
5 Beds
Avg:$7,525Median:$6,250Range:$6,250 – $8,800PSF:$3 / $3Sq Ft:2,600 / 2,600DOM:91 / 55New:0Total:2

6-Month Sales Trend

Dec 2025
Median Price:$1,549,000Median DOM:57New:2Total:13
Jan 2026
Median Price:$1,550,000Median DOM:22New:8Total:15
Feb 2026
Median Price:$1,499,000Median DOM:24New:7Total:19
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:13New:3Total:32

6-Month Rental Trend

Dec 2025
Median Rent:$3,000Median DOM:49New:8Total:38
Jan 2026
Median Rent:$3,500Median DOM:60New:5Total:30
Feb 2026
Median Rent:$3,050Median DOM:63New:5Total:32
Mar 2026
Median Rent:$2,950Median DOM:30New:12Total:33
Apr 2026
Median Rent:$2,700Median DOM:39New:10Total:36
May 2026
Median Rent:$2,700Median DOM:48New:3Total:37

Key Market Takeaways

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