ZIP 07047 Housing Market Report
New York Metro
Report period: August 2026
07047 Monthly Market Update – August 2026
ZIP 07047 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$599,000
−2.6%
Median DOM (Sales)
47
+4.4%
New Listings (Sales)
14
−74.5%
Median Rent
$2,900
0.0%
Median DOM (Rental)
37
+2.8%
Total Rental Listings
402
−1.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (32 DOM)
- Fastest renting: Apartment (27 DOM)
- Strongest bedroom: 8 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$599,000
−2.6%
Median DOM
47
+4.4%
New Listings
14
−74.5%
Inventory
246
+0.4%
- Average Price: $676,642
- Median Price: $599,000
- Price Range: $149,000 – $4,179,999
- Price per Sq Ft (Avg/Median): $455 / $418
- Square Footage (Avg/Median): 1,183 / 1,000
- Square Footage Range: 458 – 5,000
- Days on Market (Avg/Median): 59 / 47
- Days on Market Range: 2 – 213
- New Listings: 14
- Total Listings: 246
Sales by Property Type
Condo
Avg/Median Price$450,494 / $375,000Range$149,000 – $2,688,888Price per Sq Ft$445 / $420Sq Ft1,007 / 905DOM66 / 53New8Total118
Land
Avg/Median Price$2,936,666 / $4,179,999Range$450,000 – $4,179,999Price per Sq Ft—Sq Ft—DOM81 / 81New0Total3
Multi-Family
Avg/Median Price$948,735 / $900,000Range$465,000 – $1,699,000Price per Sq Ft$404 / $382Sq Ft2,912 / 2,500DOM46 / 32New1Total62
Single Family
Avg/Median Price$729,801 / $600,000Range$334,900 – $2,150,000Price per Sq Ft$594 / $443Sq Ft1,794 / 1,190DOM60 / 41New5Total60
Townhouse
Avg/Median Price$625,333 / $599,000Range$599,000 – $678,000Price per Sq Ft$394 / $394Sq Ft1,520 / 1,520DOM35 / 47New0Total3
Sales by Bedroom Count
Studio
Avg:$324,333Median:$279,000Range:$269,000 – $425,000PSF:$495 / $486Sq Ft:553 / 553DOM:21 / 5New:1Total:3
1 Beds
Avg:$318,931Median:$279,000Range:$149,000 – $699,000PSF:$424 / $416Sq Ft:754 / 688DOM:72 / 61New:2Total:61
2 Beds
Avg:$553,099Median:$519,999Range:$200,000 – $1,388,000PSF:$454 / $439Sq Ft:1,221 / 1,250DOM:58 / 49New:6Total:56
3 Beds
Avg:$712,037Median:$599,000Range:$334,900 – $2,688,888PSF:$678 / $414Sq Ft:1,676 / 1,383DOM:59 / 44New:1Total:37
4 Beds
Avg:$757,320Median:$700,000Range:$499,000 – $1,199,999PSF:$375 / $398Sq Ft:2,018 / 2,074DOM:49 / 32New:2Total:30
5 Beds
Avg:$988,931Median:$899,000Range:$719,000 – $1,450,000PSF:$473 / $498Sq Ft:2,673 / 1,764DOM:73 / 52New:1Total:16
6 Beds
Avg:$1,028,895Median:$955,000Range:$639,000 – $1,699,000PSF:$371 / $340Sq Ft:3,740 / 2,480DOM:41 / 34New:1Total:20
7 Beds
Avg:$995,354Median:$949,999Range:$740,000 – $1,329,000PSF:$381 / $380Sq Ft:2,748 / 2,500DOM:51 / 20New:0Total:11
8 Beds
Avg:$1,092,000Median:$1,100,000Range:$849,999 – $1,550,000PSF:—Sq Ft:—DOM:45 / 35New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $324,333 | $279,000 | $269,000 – $425,000 | $495 / $486 | 553 / 553 | 21 / 5 | 1 | 3 |
| 1 Beds | $318,931 | $279,000 | $149,000 – $699,000 | $424 / $416 | 754 / 688 | 72 / 61 | 2 | 61 |
| 2 Beds | $553,099 | $519,999 | $200,000 – $1,388,000 | $454 / $439 | 1,221 / 1,250 | 58 / 49 | 6 | 56 |
| 3 Beds | $712,037 | $599,000 | $334,900 – $2,688,888 | $678 / $414 | 1,676 / 1,383 | 59 / 44 | 1 | 37 |
| 4 Beds | $757,320 | $700,000 | $499,000 – $1,199,999 | $375 / $398 | 2,018 / 2,074 | 49 / 32 | 2 | 30 |
| 5 Beds | $988,931 | $899,000 | $719,000 – $1,450,000 | $473 / $498 | 2,673 / 1,764 | 73 / 52 | 1 | 16 |
| 6 Beds | $1,028,895 | $955,000 | $639,000 – $1,699,000 | $371 / $340 | 3,740 / 2,480 | 41 / 34 | 1 | 20 |
| 7 Beds | $995,354 | $949,999 | $740,000 – $1,329,000 | $381 / $380 | 2,748 / 2,500 | 51 / 20 | 0 | 11 |
| 8 Beds | $1,092,000 | $1,100,000 | $849,999 – $1,550,000 | — | — | 45 / 35 | 0 | 9 |
Rental Market Overview
Median Rent
$2,900
0.0%
Median DOM
37
+2.8%
New Listings
51
Inventory
402
−1.2%
- Average Rent: $3,059
- Median Rent: $2,900
- Rent Range: $1,250 – $7,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,004 / 960
- Square Footage Range: 430 – 3,800
- Days on Market (Avg/Median): 54 / 37
- Days on Market Range: 1 – 356
- New Listings: 51
- Total Listings: 402
Rentals by Property Type
Apartment
$3,050
Median DOM: 27
Inventory: 133
MoM: 0.0%
Condo
$2,600
Median DOM: 33
Inventory: 58
MoM: 0.0%
Single Family
$3,383
Median DOM: 31
Inventory: 21
MoM: 0.0%
Townhouse
$2,900
Median DOM: 27
Inventory: 8
MoM: 0.0%
Apartment
Avg/Median Rent$3,167 / $3,050Range$1,250 – $6,580Rent per Sq Ft$3 / $3Sq Ft982 / 960DOM51 / 27New29Total133
Condo
Avg/Median Rent$2,986 / $2,600Range$1,795 – $7,500Rent per Sq Ft$3 / $3Sq Ft1,018 / 900DOM43 / 33New7Total58
Multi-Family
Avg/Median Rent$2,957 / $2,875Range$1,400 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,009 / 960DOM60 / 43New14Total182
Single Family
Avg/Median Rent$3,427 / $3,383Range$2,100 – $5,000Rent per Sq Ft$3 / $3Sq Ft1,266 / 1,200DOM42 / 31New1Total21
Townhouse
Avg/Median Rent$3,138 / $2,900Range$2,100 – $5,300Rent per Sq Ft$4 / $4Sq Ft674 / 622DOM58 / 27New0Total8
Rentals by Bedroom Count
Studio
Avg:$2,482Median:$2,211Range:$2,049 – $3,285PSF:$4 / $4Sq Ft:590 / 564DOM:97 / 76New:2Total:13
1 Beds
Avg:$2,464Median:$2,250Range:$1,250 – $4,555PSF:$3 / $3Sq Ft:757 / 745DOM:52 / 34New:17Total:130
2 Beds
Avg:$3,304Median:$3,000Range:$1,990 – $7,500PSF:$3 / $3Sq Ft:1,159 / 1,150DOM:55 / 41New:22Total:152
3 Beds
Avg:$3,472Median:$3,200Range:$2,400 – $6,580PSF:$3 / $3Sq Ft:1,331 / 1,300DOM:50 / 34New:9Total:91
4 Beds
Avg:$3,684Median:$3,600Range:$2,500 – $5,700PSF:$2 / $2Sq Ft:2,200 / 1,500DOM:64 / 43New:1Total:16
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,482 | $2,211 | $2,049 – $3,285 | $4 / $4 | 590 / 564 | 97 / 76 | 2 | 13 |
| 1 Beds | $2,464 | $2,250 | $1,250 – $4,555 | $3 / $3 | 757 / 745 | 52 / 34 | 17 | 130 |
| 2 Beds | $3,304 | $3,000 | $1,990 – $7,500 | $3 / $3 | 1,159 / 1,150 | 55 / 41 | 22 | 152 |
| 3 Beds | $3,472 | $3,200 | $2,400 – $6,580 | $3 / $3 | 1,331 / 1,300 | 50 / 34 | 9 | 91 |
| 4 Beds | $3,684 | $3,600 | $2,500 – $5,700 | $2 / $2 | 2,200 / 1,500 | 64 / 43 | 1 | 16 |
6-Month Sales Trend
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:45New:55Total:245
Aug 2026
Median Price:$599,000Median DOM:47New:14Total:246
6-Month Rental Trend
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:$2,900Median DOM:36New:116Total:407
Aug 2026
Median Rent:$2,900Median DOM:37New:51Total:402
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 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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