ZIP 07054 Housing Market Report
New York Metro
Report period: May 2026
07054 Monthly Market Update – May 2026
ZIP 07054 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$774,910
+1.3%
Median DOM (Sales)
18
−30.8%
New Listings (Sales)
10
−56.5%
Median Rent
$3,500
+9.5%
Median DOM (Rental)
30
+3.4%
Total Rental Listings
39
−2.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (17 DOM)
- Fastest renting: Single Family (25 DOM)
- Strongest bedroom: 6 Beds ($1,399,000 median)
Sales Market Overview
Median Price
$774,910
+1.3%
Median DOM
18
−30.8%
New Listings
10
−56.5%
Inventory
74
+7.2%
- Average Price: $841,338
- Median Price: $774,910
- Price Range: $300,000 – $1,399,999
- Price per Sq Ft (Avg/Median): $339 / $354
- Square Footage (Avg/Median): 2,913 / 2,342
- Square Footage Range: 1,676 – 9,801
- Days on Market (Avg/Median): 39 / 18
- Days on Market Range: 2 – 310
- New Listings: 10
- Total Listings: 74
Sales by Property Type
Condo
Avg/Median Price$747,997 / $711,000Range$650,000 – $1,039,999Price per Sq Ft$349 / $358Sq Ft2,282 / 1,892DOM61 / 18New2Total7
Land
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft—Sq Ft—DOM182 / 181New0Total2
Single Family
Avg/Median Price$857,182 / $799,000Range$300,000 – $1,399,999Price per Sq Ft$355 / $361Sq Ft3,019 / 2,350DOM32 / 17New4Total51
Townhouse
Avg/Median Price$864,907 / $939,990Range$300,000 – $1,188,800Price per Sq Ft$315 / $261Sq Ft3,130 / 3,816DOM30 / 18New4Total14
Sales by Bedroom Count
2 Beds
Avg:$552,000Median:$445,000Range:$445,000 – $659,000PSF:$383 / $383Sq Ft:1,719 / 1,719DOM:4 / 3New:2Total:2
3 Beds
Avg:$788,689Median:$749,900Range:$300,000 – $1,188,800PSF:$313 / $263Sq Ft:3,248 / 2,256DOM:42 / 18New:6Total:28
4 Beds
Avg:$804,881Median:$769,999Range:$300,000 – $1,395,000PSF:$396 / $361Sq Ft:2,228 / 1,956DOM:28 / 19New:1Total:26
5 Beds
Avg:$1,010,557Median:$869,900Range:$650,000 – $1,399,000PSF:$354 / $354Sq Ft:2,766 / 2,750DOM:41 / 16New:0Total:14
6 Beds
Avg:$1,399,500Median:$1,399,000Range:$1,399,000 – $1,399,999PSF:—Sq Ft:—DOM:10 / 2New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $552,000 | $445,000 | $445,000 – $659,000 | $383 / $383 | 1,719 / 1,719 | 4 / 3 | 2 | 2 |
| 3 Beds | $788,689 | $749,900 | $300,000 – $1,188,800 | $313 / $263 | 3,248 / 2,256 | 42 / 18 | 6 | 28 |
| 4 Beds | $804,881 | $769,999 | $300,000 – $1,395,000 | $396 / $361 | 2,228 / 1,956 | 28 / 19 | 1 | 26 |
| 5 Beds | $1,010,557 | $869,900 | $650,000 – $1,399,000 | $354 / $354 | 2,766 / 2,750 | 41 / 16 | 0 | 14 |
| 6 Beds | $1,399,500 | $1,399,000 | $1,399,000 – $1,399,999 | — | — | 10 / 2 | 1 | 2 |
Rental Market Overview
Median Rent
$3,500
+9.5%
Median DOM
30
+3.4%
New Listings
3
Inventory
39
−2.5%
- Average Rent: $3,296
- Median Rent: $3,500
- Rent Range: $1,695 – $6,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,187 / 870
- Square Footage Range: 370 – 2,300
- Days on Market (Avg/Median): 60 / 30
- Days on Market Range: 3 – 340
- New Listings: 3
- Total Listings: 39
Rentals by Property Type
Apartment
$1,950
Median DOM: 58
Inventory: 15
MoM: +9.5%
Condo
$2,350
Median DOM: 74
Inventory: 3
MoM: +9.5%
Single Family
$4,100
Median DOM: 25
Inventory: 13
MoM: +9.5%
Townhouse
$3,990
Median DOM: 30
Inventory: 7
MoM: +9.5%
Apartment
Avg/Median Rent$2,103 / $1,950Range$1,695 – $2,800Rent per Sq Ft$4 / $3Sq Ft635 / 628DOM150 / 58New0Total15
Condo
Avg/Median Rent$2,948 / $2,350Range$1,995 – $4,500Rent per Sq Ft$2 / $2Sq Ft2,108 / 2,108DOM75 / 74New0Total3
Multi-Family
Avg/Median Rent$6,500 / $6,500Range$6,500 – $6,500Rent per Sq Ft—Sq Ft—DOM40 / 40New0Total1
Single Family
Avg/Median Rent$3,977 / $4,100Range$3,195 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,958 / 2,000DOM33 / 25New0Total13
Townhouse
Avg/Median Rent$4,277 / $3,990Range$3,500 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,729 / 1,719DOM30 / 30New3Total7
Rentals by Bedroom Count
Studio
Avg:$2,362Median:$2,423Range:$2,205 – $2,502PSF:$5 / $5Sq Ft:522 / 526DOM:179 / 58New:0Total:5
1 Beds
Avg:$1,882Median:$1,890Range:$1,695 – $2,095PSF:$3 / $3Sq Ft:706 / 742DOM:167 / 167New:0Total:9
2 Beds
Avg:$2,661Median:$2,350Range:$1,995 – $3,500PSF:—Sq Ft:—DOM:60 / 18New:1Total:4
3 Beds
Avg:$4,245Median:$3,990Range:$3,195 – $6,500PSF:$2 / $2Sq Ft:1,859 / 1,750DOM:33 / 25New:2Total:13
4 Beds
Avg:$4,207Median:$4,200Range:$3,800 – $4,500PSF:$2 / $2Sq Ft:1,950 / 2,092DOM:35 / 32New:0Total:7
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:—Sq Ft:—DOM:16 / 16New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,362 | $2,423 | $2,205 – $2,502 | $5 / $5 | 522 / 526 | 179 / 58 | 0 | 5 |
| 1 Beds | $1,882 | $1,890 | $1,695 – $2,095 | $3 / $3 | 706 / 742 | 167 / 167 | 0 | 9 |
| 2 Beds | $2,661 | $2,350 | $1,995 – $3,500 | — | — | 60 / 18 | 1 | 4 |
| 3 Beds | $4,245 | $3,990 | $3,195 – $6,500 | $2 / $2 | 1,859 / 1,750 | 33 / 25 | 2 | 13 |
| 4 Beds | $4,207 | $4,200 | $3,800 – $4,500 | $2 / $2 | 1,950 / 2,092 | 35 / 32 | 0 | 7 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | — | — | 16 / 16 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$775,000Median DOM:46New:12Total:52
Jan 2026
Median Price:$749,000Median DOM:30New:17Total:50
Feb 2026
Median Price:$711,000Median DOM:25New:16Total:52
Mar 2026
Median Price:$749,000Median DOM:26New:20Total:60
Apr 2026
Median Price:$765,000Median DOM:26New:23Total:69
May 2026
Median Price:$774,910Median DOM:18New:10Total:74
6-Month Rental Trend
Dec 2025
Median Rent:$2,600Median DOM:38New:6Total:45
Jan 2026
Median Rent:$2,800Median DOM:55New:6Total:39
Feb 2026
Median Rent:$3,200Median DOM:39New:12Total:41
Mar 2026
Median Rent:$2,900Median DOM:40New:6Total:42
Apr 2026
Median Rent:$3,195Median DOM:29New:8Total:40
May 2026
Median Rent:$3,500Median DOM:30New:3Total:39
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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