ZIP 07042 Housing Market Report
New York Metro
Report period: May 2026
07042 Monthly Market Update – May 2026
ZIP 07042 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$949,000
−2.1%
Median DOM (Sales)
15
+7.1%
New Listings (Sales)
12
−77.4%
Median Rent
$2,800
0.0%
Median DOM (Rental)
27
0.0%
Total Rental Listings
192
+6.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Townhouse (12 DOM)
- Strongest bedroom: 7 Beds ($1,600,000 median)
Sales Market Overview
Median Price
$949,000
−2.1%
Median DOM
15
+7.1%
New Listings
12
−77.4%
Inventory
108
+6.9%
- Average Price: $995,164
- Median Price: $949,000
- Price Range: $249,000 – $3,000,000
- Price per Sq Ft (Avg/Median): $444 / $446
- Square Footage (Avg/Median): 2,896 / 2,155
- Square Footage Range: 460 – 19,998
- Days on Market (Avg/Median): 24 / 15
- Days on Market Range: 1 – 124
- New Listings: 12
- Total Listings: 108
Sales by Property Type
Condo
Avg/Median Price$488,107 / $499,000Range$249,000 – $989,000Price per Sq Ft$486 / $492Sq Ft1,083 / 1,265DOM24 / 18New4Total28
Multi-Family
Avg/Median Price$1,118,595 / $1,049,000Range$499,000 – $1,600,000Price per Sq Ft$434 / $464Sq Ft3,724 / 2,282DOM46 / 40New0Total23
Single Family
Avg/Median Price$1,203,364 / $1,050,000Range$519,000 – $3,000,000Price per Sq Ft$444 / $443Sq Ft3,138 / 2,509DOM16 / 13New8Total55
Townhouse
Avg/Median Price$949,000 / $949,000Range$949,000 – $949,000Price per Sq Ft$212 / $212Sq Ft4,469 / 4,469DOM18 / 17New0Total2
Sales by Bedroom Count
Studio
Avg:$279,000Median:$279,000Range:$279,000 – $279,000PSF:$607 / $607Sq Ft:460 / 460DOM:26 / 18New:0Total:2
1 Beds
Avg:$304,250Median:$298,000Range:$249,000 – $389,000PSF:$460 / $492Sq Ft:772 / 788DOM:19 / 10New:2Total:8
2 Beds
Avg:$634,250Median:$549,000Range:$385,000 – $1,250,000PSF:$417 / $474Sq Ft:4,207 / 1,317DOM:35 / 13New:2Total:16
3 Beds
Avg:$771,043Median:$759,000Range:$519,000 – $1,225,000PSF:$509 / $488Sq Ft:1,746 / 1,776DOM:21 / 17New:2Total:18
4 Beds
Avg:$977,053Median:$949,000Range:$559,000 – $1,780,000PSF:$411 / $446Sq Ft:2,561 / 2,100DOM:20 / 15New:0Total:19
5 Beds
Avg:$1,223,537Median:$1,148,000Range:$849,000 – $1,850,000PSF:$428 / $388Sq Ft:2,871 / 2,282DOM:23 / 14New:3Total:24
6 Beds
Avg:$1,558,438Median:$1,300,000Range:$789,000 – $3,000,000PSF:$405 / $420Sq Ft:4,014 / 3,550DOM:24 / 12New:3Total:16
7 Beds
Avg:$1,465,000Median:$1,600,000Range:$1,195,000 – $1,600,000PSF:$559 / $559Sq Ft:2,862 / 2,862DOM:35 / 17New:0Total:3
8 Beds
Avg:$1,600,000Median:$1,600,000Range:$1,600,000 – $1,600,000PSF:$464 / $464Sq Ft:3,450 / 3,450DOM:41 / 40New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $279,000 | $279,000 | $279,000 – $279,000 | $607 / $607 | 460 / 460 | 26 / 18 | 0 | 2 |
| 1 Beds | $304,250 | $298,000 | $249,000 – $389,000 | $460 / $492 | 772 / 788 | 19 / 10 | 2 | 8 |
| 2 Beds | $634,250 | $549,000 | $385,000 – $1,250,000 | $417 / $474 | 4,207 / 1,317 | 35 / 13 | 2 | 16 |
| 3 Beds | $771,043 | $759,000 | $519,000 – $1,225,000 | $509 / $488 | 1,746 / 1,776 | 21 / 17 | 2 | 18 |
| 4 Beds | $977,053 | $949,000 | $559,000 – $1,780,000 | $411 / $446 | 2,561 / 2,100 | 20 / 15 | 0 | 19 |
| 5 Beds | $1,223,537 | $1,148,000 | $849,000 – $1,850,000 | $428 / $388 | 2,871 / 2,282 | 23 / 14 | 3 | 24 |
| 6 Beds | $1,558,438 | $1,300,000 | $789,000 – $3,000,000 | $405 / $420 | 4,014 / 3,550 | 24 / 12 | 3 | 16 |
| 7 Beds | $1,465,000 | $1,600,000 | $1,195,000 – $1,600,000 | $559 / $559 | 2,862 / 2,862 | 35 / 17 | 0 | 3 |
| 8 Beds | $1,600,000 | $1,600,000 | $1,600,000 – $1,600,000 | $464 / $464 | 3,450 / 3,450 | 41 / 40 | 0 | 2 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
27
0.0%
New Listings
20
Inventory
192
+6.7%
- Average Rent: $3,089
- Median Rent: $2,800
- Rent Range: $1,579 – $6,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 981 / 988
- Square Footage Range: 350 – 2,245
- Days on Market (Avg/Median): 44 / 27
- Days on Market Range: 1 – 321
- New Listings: 20
- Total Listings: 192
Rentals by Property Type
Apartment
$2,500
Median DOM: 40
Inventory: 46
MoM: 0.0%
Condo
$3,450
Median DOM: 26
Inventory: 10
MoM: 0.0%
Single Family
$3,700
Median DOM: 13
Inventory: 18
MoM: 0.0%
Townhouse
$4,950
Median DOM: 12
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$2,702 / $2,500Range$1,749 – $5,364Rent per Sq Ft$4 / $4Sq Ft784 / 675DOM70 / 40New4Total46
Condo
Avg/Median Rent$3,378 / $3,450Range$1,800 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,141 / 1,200DOM51 / 26New1Total10
Multi-Family
Avg/Median Rent$3,043 / $2,800Range$1,579 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,065 / 1,000DOM39 / 27New10Total116
Single Family
Avg/Median Rent$3,967 / $3,700Range$2,250 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,401 / 1,200DOM23 / 13New5Total18
Townhouse
Avg/Median Rent$5,350 / $4,950Range$4,950 – $5,750Rent per Sq Ft—Sq Ft—DOM16 / 12New0Total2
Rentals by Bedroom Count
Studio
Avg:$2,094Median:$2,099Range:$1,749 – $2,550PSF:$5 / $4Sq Ft:474 / 450DOM:34 / 29New:0Total:10
1 Beds
Avg:$2,164Median:$2,000Range:$1,579 – $3,925PSF:$4 / $4Sq Ft:699 / 641DOM:52 / 30New:4Total:47
2 Beds
Avg:$3,066Median:$2,900Range:$1,950 – $6,500PSF:$3 / $3Sq Ft:1,073 / 1,000DOM:46 / 32New:10Total:88
3 Beds
Avg:$4,053Median:$3,990Range:$2,900 – $5,800PSF:$3 / $3Sq Ft:1,235 / 1,100DOM:31 / 20New:4Total:31
4 Beds
Avg:$4,623Median:$4,500Range:$3,600 – $6,000PSF:$2 / $2Sq Ft:1,739 / 1,556DOM:37 / 18New:2Total:13
5 Beds
Avg:$4,967Median:$4,200Range:$4,200 – $6,500PSF:$2 / $2Sq Ft:1,730 / 1,730DOM:44 / 27New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,094 | $2,099 | $1,749 – $2,550 | $5 / $4 | 474 / 450 | 34 / 29 | 0 | 10 |
| 1 Beds | $2,164 | $2,000 | $1,579 – $3,925 | $4 / $4 | 699 / 641 | 52 / 30 | 4 | 47 |
| 2 Beds | $3,066 | $2,900 | $1,950 – $6,500 | $3 / $3 | 1,073 / 1,000 | 46 / 32 | 10 | 88 |
| 3 Beds | $4,053 | $3,990 | $2,900 – $5,800 | $3 / $3 | 1,235 / 1,100 | 31 / 20 | 4 | 31 |
| 4 Beds | $4,623 | $4,500 | $3,600 – $6,000 | $2 / $2 | 1,739 / 1,556 | 37 / 18 | 2 | 13 |
| 5 Beds | $4,967 | $4,200 | $4,200 – $6,500 | $2 / $2 | 1,730 / 1,730 | 44 / 27 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$899,000Median DOM:27New:10Total:56
Jan 2026
Median Price:$999,000Median DOM:24New:23Total:59
Feb 2026
Median Price:$1,099,000Median DOM:26New:16Total:61
Mar 2026
Median Price:$999,000Median DOM:21New:30Total:67
Apr 2026
Median Price:$969,000Median DOM:14New:53Total:101
May 2026
Median Price:$949,000Median DOM:15New:12Total:108
6-Month Rental Trend
Dec 2025
Median Rent:$2,550Median DOM:38New:52Total:186
Jan 2026
Median Rent:$2,495Median DOM:37New:53Total:188
Feb 2026
Median Rent:$2,550Median DOM:31New:47Total:189
Mar 2026
Median Rent:$2,750Median DOM:26New:57Total:183
Apr 2026
Median Rent:$2,800Median DOM:27New:59Total:180
May 2026
Median Rent:$2,800Median DOM:27New:20Total:192
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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