ZIP 07047 Housing Market Report

New York Metro

Report period: July 2026

07047 Monthly Market Update – July 2026

ZIP 07047 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026

Executive Snapshot

Median Sale Price
$615,000
+2.7%
Median DOM (Sales)
41
+2.5%
New Listings (Sales)
16
−74.6%
Median Rent
$2,800
0.0%
Median DOM (Rental)
38
+2.7%
Total Rental Listings
407
0.0%

Month-over-Month Movement

Median sale prices moved higher. Days on market lengthened. Rents were stable.

What's Moving Fastest

  • Fastest selling: Multi-Family (34 DOM)
  • Fastest renting: Apartment (26 DOM)
  • Strongest bedroom: 7 Beds ($989,000 median)

Sales Market Overview

Median Price
$615,000
+2.7%
Median DOM
41
+2.5%
New Listings
16
−74.6%
Inventory
233
−0.4%
  • Average Price: $694,114
  • Median Price: $615,000
  • Price Range: $149,000 – $4,179,999
  • Price per Sq Ft (Avg/Median): $459 / $425
  • Square Footage (Avg/Median): 1,221 / 1,000
  • Square Footage Range: 458 – 5,000
  • Days on Market (Avg/Median): 54 / 41
  • Days on Market Range: 2 – 358
  • New Listings: 16
  • Total Listings: 233

Sales by Property Type

Condo
Avg/Median Price$480,327 / $399,600Range$149,000 – $2,688,888Price per Sq Ft$461 / $435Sq Ft1,023 / 905DOM56 / 44New6Total113
Land
Avg/Median Price$1,999,000 / $650,000Range$450,000 – $4,179,999Price per Sq FtSq FtDOM46 / 51New0Total5
Multi-Family
Avg/Median Price$974,763 / $950,000Range$599,000 – $1,699,000Price per Sq Ft$404 / $380Sq Ft3,155 / 2,850DOM44 / 34New7Total52
Single Family
Avg/Median Price$747,880 / $649,000Range$344,900 – $2,150,000Price per Sq Ft$483 / $443Sq Ft2,147 / 2,000DOM61 / 41New3Total60
Townhouse
Avg/Median Price$632,000 / $599,000Range$599,000 – $698,000Price per Sq Ft$394 / $394Sq Ft1,520 / 1,520DOM42 / 47New0Total3

Sales by Bedroom Count

Studio
Avg:$279,000Median:$279,000Range:$279,000 – $279,000PSF:$505 / $505Sq Ft:553 / 553DOM:14 / 2New:0Total:2
1 Beds
Avg:$320,373Median:$284,900Range:$149,000 – $729,000PSF:$435 / $420Sq Ft:737 / 673DOM:62 / 56New:3Total:57
2 Beds
Avg:$586,576Median:$549,000Range:$200,000 – $1,388,000PSF:$467 / $439Sq Ft:1,249 / 1,250DOM:53 / 42New:2Total:50
3 Beds
Avg:$748,697Median:$599,910Range:$344,900 – $2,688,888PSF:$599 / $425Sq Ft:1,920 / 1,857DOM:61 / 38New:3Total:39
4 Beds
Avg:$766,606Median:$729,888Range:$499,000 – $1,199,999PSF:$345 / $324Sq Ft:2,275 / 2,700DOM:50 / 43New:2Total:29
5 Beds
Avg:$971,878Median:$899,999Range:$599,000 – $1,450,000PSF:$496 / $498Sq Ft:2,673 / 1,764DOM:58 / 38New:0Total:18
6 Beds
Avg:$1,061,095Median:$984,999Range:$659,000 – $1,699,000PSF:$360 / $340Sq Ft:3,443 / 2,850DOM:41 / 24New:4Total:20
7 Beds
Avg:$1,058,700Median:$989,000Range:$899,000 – $1,329,000PSF:$381 / $380Sq Ft:2,748 / 2,500DOM:49 / 34New:1Total:7
8 Beds
Avg:$1,004,666Median:$900,000Range:$849,999 – $1,199,000PSF:Sq Ft:DOM:37 / 15New:1Total:6

Rental Market Overview

Median Rent
$2,800
0.0%
Median DOM
38
+2.7%
New Listings
39
Inventory
407
0.0%
  • Average Rent: $3,047
  • Median Rent: $2,800
  • Rent Range: $1,120 – $7,500
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,020 / 960
  • Square Footage Range: 430 – 3,800
  • Days on Market (Avg/Median): 55 / 38
  • Days on Market Range: 1 – 326
  • New Listings: 39
  • Total Listings: 407

Rentals by Property Type

Apartment
$2,950
Median DOM: 26
Inventory: 137
MoM: 0.0%
Condo
$2,400
Median DOM: 45
Inventory: 58
MoM: 0.0%
Single Family
$3,600
Median DOM: 41
Inventory: 17
MoM: 0.0%
Townhouse
$3,000
Median DOM: 47
Inventory: 9
MoM: 0.0%
Apartment
Avg/Median Rent$3,170 / $2,950Range$1,250 – $6,580Rent per Sq Ft$3 / $3Sq Ft1,021 / 999DOM52 / 26New19Total137
Condo
Avg/Median Rent$2,867 / $2,400Range$1,120 – $7,500Rent per Sq Ft$3 / $3Sq Ft1,010 / 820DOM58 / 45New2Total58
Multi-Family
Avg/Median Rent$2,948 / $2,800Range$1,150 – $6,500Rent per Sq Ft$3 / $3Sq Ft997 / 953DOM57 / 42New16Total186
Single Family
Avg/Median Rent$3,566 / $3,600Range$2,100 – $5,000Rent per Sq Ft$3 / $3Sq Ft1,366 / 1,300DOM44 / 41New1Total17
Townhouse
Avg/Median Rent$3,421 / $3,000Range$2,100 – $5,300Rent per Sq Ft$4 / $3Sq Ft700 / 500DOM65 / 47New1Total9

Rentals by Bedroom Count

Studio
Avg:$2,360Median:$2,199Range:$1,950 – $3,235PSF:$4 / $4Sq Ft:544 / 504DOM:78 / 53New:0Total:15
1 Beds
Avg:$2,357Median:$2,385Range:$1,120 – $4,325PSF:$3 / $3Sq Ft:764 / 742DOM:62 / 45New:11Total:130
2 Beds
Avg:$3,352Median:$3,100Range:$1,990 – $7,500PSF:$3 / $3Sq Ft:1,173 / 1,180DOM:52 / 37New:16Total:165
3 Beds
Avg:$3,521Median:$3,200Range:$2,390 – $6,580PSF:$3 / $3Sq Ft:1,346 / 1,348DOM:50 / 31New:11Total:80
4 Beds
Avg:$3,687Median:$3,600Range:$2,500 – $5,700PSF:$2 / $2Sq Ft:2,140 / 1,900DOM:63 / 40New:1Total:16
7 Beds
Avg:$4,700Median:$4,700Range:$4,700 – $4,700PSF:Sq Ft:DOM:11 / 11New:0Total:1

6-Month Sales Trend

Feb 2026
Median Price:$625,000Median DOM:40New:57Total:182
Mar 2026
Median Price:$589,999Median DOM:46New:40Total:193
Apr 2026
Median Price:$599,000Median DOM:41New:73Total:204
May 2026
Median Price:$599,000Median DOM:39New:62Total:225
Jun 2026
Median Price:$599,000Median DOM:40New:63Total:234
Jul 2026
Median Price:$615,000Median DOM:41New:16Total:233

6-Month Rental Trend

Feb 2026
Median Rent:$2,850Median DOM:46New:115Total:448
Mar 2026
Median Rent:$2,825Median DOM:42New:123Total:441
Apr 2026
Median Rent:$2,800Median DOM:40New:121Total:456
May 2026
Median Rent:$2,800Median DOM:33New:124Total:417
Jun 2026
Median Rent:$2,800Median DOM:37New:109Total:407
Jul 2026
Median Rent:$2,800Median DOM:38New:39Total:407

Key Market Takeaways

Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.

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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