ZIP 07071 Housing Market Report

New York Metro

Report period: March 2026

07071 Monthly Market Update – March 2026

ZIP 07071 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026

Executive Snapshot

Median Sale Price
$589,000
−1.5%
Median DOM (Sales)
27
−6.9%
New Listings (Sales)
3
−72.7%
Median Rent
$2,450
−2.0%
Median DOM (Rental)
34
−5.6%
Total Rental Listings
151
+2.7%

Month-over-Month Movement

Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Condo (20 DOM)
  • Fastest renting: Condo (31 DOM)
  • Strongest bedroom: 7 Beds ($1,499,000 median)

Sales Market Overview

Median Price
$589,000
−1.5%
Median DOM
27
−6.9%
New Listings
3
−72.7%
Inventory
42
+2.4%
  • Average Price: $672,469
  • Median Price: $589,000
  • Price Range: $350,000 – $1,499,000
  • Price per Sq Ft (Avg/Median): $264 / $218
  • Square Footage (Avg/Median): 3,394 / 2,750
  • Square Footage Range: 2,578 – 5,475
  • Days on Market (Avg/Median): 45 / 27
  • Days on Market Range: 2 – 226
  • New Listings: 3
  • Total Listings: 42

Sales by Property Type

Condo
Avg/Median Price$392,000 / $390,000Range$350,000 – $470,000Price per Sq FtSq FtDOM18 / 20New0Total5
Multi-Family
Avg/Median Price$821,915 / $779,999Range$510,000 – $1,499,000Price per Sq Ft$280 / $303Sq Ft3,609 / 2,774DOM51 / 30New1Total13
Single Family
Avg/Median Price$649,950 / $589,000Range$499,000 – $999,900Price per Sq Ft$218 / $218Sq Ft2,750 / 2,750DOM47 / 29New2Total24

Sales by Bedroom Count

2 Beds
Avg:$461,000Median:$400,000Range:$350,000 – $598,000PSF:Sq Ft:DOM:20 / 20New:0Total:8
3 Beds
Avg:$604,069Median:$580,000Range:$499,000 – $739,000PSF:Sq Ft:DOM:47 / 24New:3Total:13
4 Beds
Avg:$754,242Median:$739,000Range:$510,000 – $999,900PSF:$176 / $176Sq Ft:5,475 / 5,475DOM:47 / 34New:0Total:12
5 Beds
Avg:$949,000Median:$949,000Range:$949,000 – $949,000PSF:Sq Ft:DOM:146 / 146New:0Total:1
6 Beds
Avg:$810,780Median:$779,999Range:$599,000 – $999,900PSF:$294 / $303Sq Ft:2,701 / 2,750DOM:63 / 22New:0Total:5
7 Beds
Avg:$1,499,000Median:$1,499,000Range:$1,499,000 – $1,499,000PSF:Sq Ft:DOM:26 / 26New:0Total:1
8 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:Sq Ft:DOM:35 / 35New:0Total:2

Rental Market Overview

Median Rent
$2,450
−2.0%
Median DOM
34
−5.6%
New Listings
12
Inventory
151
+2.7%
  • Average Rent: $2,528
  • Median Rent: $2,450
  • Rent Range: $1,575 – $4,000
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,070 / 1,027
  • Square Footage Range: 483 – 2,200
  • Days on Market (Avg/Median): 56 / 34
  • Days on Market Range: 2 – 308
  • New Listings: 12
  • Total Listings: 151

Rentals by Property Type

Apartment
$2,613
Median DOM: 37
Inventory: 60
MoM: −2.0%
Condo
$1,800
Median DOM: 31
Inventory: 1
MoM: −2.0%
Single Family
$3,500
Median DOM: 41
Inventory: 7
MoM: −2.0%
Townhouse
Median DOM:
Inventory:
MoM: −2.0%
Apartment
Avg/Median Rent$2,587 / $2,613Range$1,695 – $3,500Rent per Sq Ft$3 / $3Sq Ft1,031 / 1,027DOM71 / 37New2Total60
Condo
Avg/Median Rent$1,800 / $1,800Range$1,800 – $1,800Rent per Sq FtSq FtDOM31 / 31New0Total1
Multi-Family
Avg/Median Rent$2,472 / $2,395Range$1,575 – $4,000Rent per Sq Ft$2 / $3Sq Ft1,239 / 1,300DOM47 / 34New9Total83
Single Family
Avg/Median Rent$2,799 / $3,500Range$1,695 – $3,500Rent per Sq FtSq FtDOM50 / 41New1Total7

Rentals by Bedroom Count

Studio
Avg:$1,940Median:$1,800Range:$1,800 – $2,081PSF:$4 / $4Sq Ft:483 / 483DOM:95 / 31New:0Total:2
1 Beds
Avg:$2,190Median:$2,200Range:$1,575 – $2,906PSF:$3 / $3Sq Ft:821 / 774DOM:51 / 32New:2Total:45
2 Beds
Avg:$2,539Median:$2,500Range:$1,800 – $3,500PSF:$2 / $3Sq Ft:1,198 / 1,160DOM:61 / 36New:9Total:74
3 Beds
Avg:$2,971Median:$2,900Range:$2,100 – $3,700PSF:$2 / $2Sq Ft:1,475 / 1,300DOM:52 / 41New:1Total:27
4 Beds
Avg:$3,732Median:$3,695Range:$3,500 – $4,000PSF:$2 / $2Sq Ft:2,200 / 2,200DOM:29 / 15New:0Total:3

6-Month Sales Trend

Oct 2025
Median Price:$639,000Median DOM:24New:17Total:61
Nov 2025
Median Price:$624,990Median DOM:27New:4Total:46
Dec 2025
Median Price:$695,000Median DOM:57New:7Total:30
Jan 2026
Median Price:$649,000Median DOM:24New:16Total:35
Feb 2026
Median Price:$598,000Median DOM:29New:11Total:41
Mar 2026
Median Price:$589,000Median DOM:27New:3Total:42

6-Month Rental Trend

Oct 2025
Median Rent:$2,369Median DOM:35New:43Total:151
Nov 2025
Median Rent:$2,369Median DOM:39New:23Total:139
Dec 2025
Median Rent:$2,395Median DOM:45New:26Total:137
Jan 2026
Median Rent:$2,442Median DOM:54New:41Total:136
Feb 2026
Median Rent:$2,500Median DOM:36New:40Total:147
Mar 2026
Median Rent:$2,450Median DOM:34New:12Total:151

Key Market Takeaways

Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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.

← Back to New York Metro