ZIP 07047 Housing Market Report
New York Metro
Report period: May 2026
07047 Monthly Market Update – May 2026
ZIP 07047 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$599,910
+0.2%
Median DOM (Sales)
36
−12.2%
New Listings (Sales)
16
−78.1%
Median Rent
$2,800
0.0%
Median DOM (Rental)
39
−2.5%
Total Rental Listings
441
−3.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (26 DOM)
- Fastest renting: Apartment (28 DOM)
- Strongest bedroom: 8 Beds ($1,249,000 median)
Sales Market Overview
Median Price
$599,910
+0.2%
Median DOM
36
−12.2%
New Listings
16
−78.1%
Inventory
210
+2.9%
- Average Price: $700,889
- Median Price: $599,910
- Price Range: $149,000 – $4,179,999
- Price per Sq Ft (Avg/Median): $474 / $435
- Square Footage (Avg/Median): 1,204 / 905
- Square Footage Range: 458 – 4,800
- Days on Market (Avg/Median): 55 / 36
- Days on Market Range: 1 – 311
- New Listings: 16
- Total Listings: 210
Sales by Property Type
Condo
Avg/Median Price$494,526 / $372,600Range$149,000 – $2,688,888Price per Sq Ft$476 / $436Sq Ft1,045 / 831DOM53 / 41New9Total104
Land
Avg/Median Price$1,708,000 / $535,000Range$275,000 – $4,179,999Price per Sq Ft—Sq Ft—DOM48 / 48New0Total6
Multi-Family
Avg/Median Price$967,200 / $899,999Range$595,000 – $1,649,000Price per Sq Ft$423 / $382Sq Ft2,767 / 2,500DOM51 / 26New3Total44
Single Family
Avg/Median Price$770,040 / $629,000Range$399,000 – $2,150,000Price per Sq Ft$501 / $443Sq Ft1,922 / 2,000DOM63 / 38New4Total55
Townhouse
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft$394 / $394Sq Ft1,520 / 1,520DOM43 / 43New0Total1
Sales by Bedroom Count
Studio
Avg:$294,000Median:$294,000Range:$294,000 – $294,000PSF:$532 / $532Sq Ft:553 / 553DOM:68 / 67New:0Total:2
1 Beds
Avg:$311,141Median:$279,000Range:$149,000 – $725,000PSF:$439 / $431Sq Ft:708 / 660DOM:51 / 46New:5Total:49
2 Beds
Avg:$540,000Median:$479,999Range:$199,000 – $1,199,000PSF:$475 / $454Sq Ft:1,155 / 1,149DOM:54 / 41New:3Total:42
3 Beds
Avg:$797,355Median:$624,900Range:$399,000 – $2,688,888PSF:$627 / $527Sq Ft:1,911 / 1,903DOM:56 / 32New:2Total:40
4 Beds
Avg:$759,385Median:$749,000Range:$499,000 – $1,199,999PSF:$348 / $333Sq Ft:2,088 / 2,000DOM:55 / 32New:4Total:28
5 Beds
Avg:$971,040Median:$879,000Range:$595,000 – $1,599,000PSF:$496 / $498Sq Ft:2,673 / 1,764DOM:51 / 26New:2Total:20
6 Beds
Avg:$1,102,928Median:$984,999Range:$825,000 – $1,895,000PSF:$389 / $394Sq Ft:2,449 / 2,500DOM:56 / 34New:0Total:14
7 Beds
Avg:$1,099,000Median:$1,145,000Range:$659,000 – $1,301,000PSF:$382 / $382Sq Ft:2,997 / 2,997DOM:99 / 32New:0Total:6
8 Beds
Avg:$1,270,667Median:$1,249,000Range:$1,188,000 – $1,375,000PSF:—Sq Ft:—DOM:68 / 84New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $294,000 | $294,000 | $294,000 – $294,000 | $532 / $532 | 553 / 553 | 68 / 67 | 0 | 2 |
| 1 Beds | $311,141 | $279,000 | $149,000 – $725,000 | $439 / $431 | 708 / 660 | 51 / 46 | 5 | 49 |
| 2 Beds | $540,000 | $479,999 | $199,000 – $1,199,000 | $475 / $454 | 1,155 / 1,149 | 54 / 41 | 3 | 42 |
| 3 Beds | $797,355 | $624,900 | $399,000 – $2,688,888 | $627 / $527 | 1,911 / 1,903 | 56 / 32 | 2 | 40 |
| 4 Beds | $759,385 | $749,000 | $499,000 – $1,199,999 | $348 / $333 | 2,088 / 2,000 | 55 / 32 | 4 | 28 |
| 5 Beds | $971,040 | $879,000 | $595,000 – $1,599,000 | $496 / $498 | 2,673 / 1,764 | 51 / 26 | 2 | 20 |
| 6 Beds | $1,102,928 | $984,999 | $825,000 – $1,895,000 | $389 / $394 | 2,449 / 2,500 | 56 / 34 | 0 | 14 |
| 7 Beds | $1,099,000 | $1,145,000 | $659,000 – $1,301,000 | $382 / $382 | 2,997 / 2,997 | 99 / 32 | 0 | 6 |
| 8 Beds | $1,270,667 | $1,249,000 | $1,188,000 – $1,375,000 | — | — | 68 / 84 | 0 | 3 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
39
−2.5%
New Listings
49
Inventory
441
−3.3%
- Average Rent: $3,015
- Median Rent: $2,800
- Rent Range: $1,550 – $6,820
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,010 / 960
- Square Footage Range: 400 – 3,800
- Days on Market (Avg/Median): 60 / 39
- Days on Market Range: 1 – 355
- New Listings: 49
- Total Listings: 441
Rentals by Property Type
Apartment
$2,895
Median DOM: 28
Inventory: 150
MoM: 0.0%
Condo
$2,400
Median DOM: 34
Inventory: 55
MoM: 0.0%
Single Family
$3,450
Median DOM: 32
Inventory: 20
MoM: 0.0%
Townhouse
$3,000
Median DOM: 74
Inventory: 7
MoM: 0.0%
Apartment
Avg/Median Rent$3,158 / $2,895Range$1,575 – $6,820Rent per Sq Ft$3 / $3Sq Ft1,032 / 970DOM62 / 28New24Total150
Condo
Avg/Median Rent$2,753 / $2,400Range$1,550 – $6,300Rent per Sq Ft$3 / $3Sq Ft980 / 781DOM60 / 34New5Total55
Multi-Family
Avg/Median Rent$2,922 / $2,795Range$1,600 – $6,000Rent per Sq Ft$3 / $3Sq Ft953 / 960DOM57 / 45New18Total209
Single Family
Avg/Median Rent$3,328 / $3,450Range$1,725 – $4,935Rent per Sq Ft$3 / $4Sq Ft1,259 / 1,000DOM72 / 32New2Total20
Townhouse
Avg/Median Rent$3,913 / $3,000Range$2,490 – $6,000Rent per Sq Ft$2 / $2Sq Ft2,018 / 2,018DOM71 / 74New0Total7
Rentals by Bedroom Count
Studio
Avg:$2,253Median:$2,199Range:$1,550 – $3,130PSF:$4 / $4Sq Ft:573 / 553DOM:78 / 28New:1Total:21
1 Beds
Avg:$2,398Median:$2,450Range:$1,575 – $4,095PSF:$3 / $3Sq Ft:783 / 760DOM:60 / 42New:12Total:164
2 Beds
Avg:$3,421Median:$3,250Range:$1,850 – $6,300PSF:$3 / $3Sq Ft:1,187 / 1,198DOM:55 / 37New:25Total:163
3 Beds
Avg:$3,497Median:$3,000Range:$2,095 – $6,820PSF:$3 / $3Sq Ft:1,323 / 1,300DOM:62 / 35New:9Total:76
4 Beds
Avg:$3,815Median:$3,900Range:$2,350 – $6,250PSF:$3 / $3Sq Ft:1,748 / 1,400DOM:82 / 52New:2Total:16
5 Beds
Avg:$4,800Median:$4,800Range:$4,800 – $4,800PSF:$2 / $2Sq Ft:2,850 / 2,850DOM:25 / 25New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,253 | $2,199 | $1,550 – $3,130 | $4 / $4 | 573 / 553 | 78 / 28 | 1 | 21 |
| 1 Beds | $2,398 | $2,450 | $1,575 – $4,095 | $3 / $3 | 783 / 760 | 60 / 42 | 12 | 164 |
| 2 Beds | $3,421 | $3,250 | $1,850 – $6,300 | $3 / $3 | 1,187 / 1,198 | 55 / 37 | 25 | 163 |
| 3 Beds | $3,497 | $3,000 | $2,095 – $6,820 | $3 / $3 | 1,323 / 1,300 | 62 / 35 | 9 | 76 |
| 4 Beds | $3,815 | $3,900 | $2,350 – $6,250 | $3 / $3 | 1,748 / 1,400 | 82 / 52 | 2 | 16 |
| 5 Beds | $4,800 | $4,800 | $4,800 – $4,800 | $2 / $2 | 2,850 / 2,850 | 25 / 25 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$625,000Median DOM:58New:25Total:163
Jan 2026
Median Price:$600,000Median DOM:50New:50Total:168
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:$599,910Median DOM:36New:16Total:210
6-Month Rental Trend
Dec 2025
Median Rent:$2,850Median DOM:45New:110Total:376
Jan 2026
Median Rent:$2,895Median DOM:51New:119Total:402
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:39New:49Total:441
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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