ZIP 07045 Housing Market Report

New York Metro

Report period: May 2026

07045 Monthly Market Update – May 2026

ZIP 07045 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$829,000
+3.8%
Median DOM (Sales)
18
+20.0%
New Listings (Sales)
5
−80.8%
Median Rent
$3,500
+25.0%
Median DOM (Rental)
41
+13.9%
Total Rental Listings
9
+12.5%

Month-over-Month Movement

Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Townhouse (11 DOM)
  • Fastest renting: Townhouse (3 DOM)
  • Strongest bedroom: 6 Beds ($1,299,900 median)

Sales Market Overview

Median Price
$829,000
+3.8%
Median DOM
18
+20.0%
New Listings
5
−80.8%
Inventory
51
+6.3%
  • Average Price: $916,721
  • Median Price: $829,000
  • Price Range: $199,000 – $2,199,999
  • Price per Sq Ft (Avg/Median): $403 / $353
  • Square Footage (Avg/Median): 2,954 / 2,307
  • Square Footage Range: 405 – 6,500
  • Days on Market (Avg/Median): 42 / 18
  • Days on Market Range: 4 – 299
  • New Listings: 5
  • Total Listings: 51

Sales by Property Type

Condo
Avg/Median Price$684,969 / $668,000Range$524,900 – $839,990Price per Sq Ft$339 / $340Sq Ft1,913 / 1,828DOM18 / 15New1Total10
Land
Avg/Median Price$520,317 / $374,900Range$199,000 – $1,350,000Price per Sq FtSq FtDOM134 / 90New0Total6
Single Family
Avg/Median Price$1,121,950 / $1,149,000Range$449,900 – $2,199,999Price per Sq Ft$455 / $353Sq Ft3,821 / 3,400DOM39 / 19New4Total28
Townhouse
Avg/Median Price$766,657 / $699,900Range$689,900 – $929,000Price per Sq FtSq FtDOM12 / 11New0Total7

Sales by Bedroom Count

Studio
Avg:$469,000Median:$469,000Range:$469,000 – $469,000PSF:Sq Ft:DOM:19 / 19New:0Total:1
2 Beds
Avg:$643,540Median:$649,900Range:$550,000 – $699,900PSF:$342 / $329Sq Ft:1,751 / 1,674DOM:22 / 17New:0Total:5
3 Beds
Avg:$755,606Median:$699,000Range:$524,900 – $990,000PSF:$338 / $340Sq Ft:2,022 / 2,058DOM:24 / 13New:1Total:14
4 Beds
Avg:$1,091,818Median:$1,149,000Range:$450,000 – $1,899,000PSF:$316 / $278Sq Ft:3,764 / 3,400DOM:47 / 13New:3Total:11
5 Beds
Avg:$1,154,650Median:$1,150,000Range:$449,900 – $1,850,000PSF:$562 / $370Sq Ft:3,365 / 3,191DOM:23 / 18New:1Total:12
6 Beds
Avg:$1,749,950Median:$1,299,900Range:$1,299,900 – $2,199,999PSF:$415 / $415Sq Ft:5,300 / 5,300DOM:52 / 25New:0Total:2

Rental Market Overview

Median Rent
$3,500
+25.0%
Median DOM
41
+13.9%
New Listings
1
Inventory
9
+12.5%
  • Average Rent: $3,300
  • Median Rent: $3,500
  • Rent Range: $2,000 – $4,500
  • Rent per Sq Ft (Avg/Median): $2 / $2
  • Square Footage (Avg/Median): 1,658 / 1,704
  • Square Footage Range: 1,140 – 2,066
  • Days on Market (Avg/Median): 54 / 41
  • Days on Market Range: 3 – 225
  • New Listings: 1
  • Total Listings: 9

Rentals by Property Type

Apartment
Median DOM:
Inventory:
MoM: +25.0%
Condo
$2,800
Median DOM: 41
Inventory: 2
MoM: +25.0%
Single Family
$2,650
Median DOM: 44
Inventory: 3
MoM: +25.0%
Townhouse
$3,750
Median DOM: 3
Inventory: 2
MoM: +25.0%
Condo
Avg/Median Rent$3,400 / $2,800Range$2,800 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,432 / 1,140DOM44 / 41New0Total2
Multi-Family
Avg/Median Rent$3,250 / $2,200Range$2,200 – $4,300Rent per Sq FtSq FtDOM131 / 36New0Total2
Single Family
Avg/Median Rent$2,717 / $2,650Range$2,000 – $3,500Rent per Sq FtSq FtDOM38 / 44New0Total3
Townhouse
Avg/Median Rent$4,125 / $3,750Range$3,750 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,885 / 1,704DOM10 / 3New1Total2

Rentals by Bedroom Count

1 Beds
Avg:$2,100Median:$2,000Range:$2,000 – $2,200PSF:Sq Ft:DOM:44 / 36New:0Total:2
2 Beds
Avg:$3,517Median:$3,750Range:$2,800 – $4,000PSF:$2 / $2Sq Ft:1,522 / 1,704DOM:30 / 41New:1Total:3
3 Beds
Avg:$3,738Median:$3,500Range:$2,650 – $4,500PSF:$2 / $2Sq Ft:2,066 / 2,066DOM:76 / 19New:0Total:4

6-Month Sales Trend

Dec 2025
Median Price:$588,000Median DOM:68New:3Total:28
Jan 2026
Median Price:$575,000Median DOM:81New:5Total:25
Feb 2026
Median Price:$589,900Median DOM:27New:7Total:24
Mar 2026
Median Price:$699,000Median DOM:22New:9Total:27
Apr 2026
Median Price:$799,000Median DOM:15New:26Total:48
May 2026
Median Price:$829,000Median DOM:18New:5Total:51

6-Month Rental Trend

Dec 2025
Median Rent:$2,950Median DOM:37New:2Total:11
Jan 2026
Median Rent:$3,500Median DOM:19New:3Total:7
Feb 2026
Median Rent:$3,300Median DOM:20New:5Total:10
Mar 2026
Median Rent:$3,300Median DOM:34New:2Total:10
Apr 2026
Median Rent:$2,800Median DOM:36New:0Total:8
May 2026
Median Rent:$3,500Median DOM:41New:1Total:9

Key Market Takeaways

Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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