ZIP 07071 Housing Market Report
New York Metro
Report period: May 2026
07071 Monthly Market Update – May 2026
ZIP 07071 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$599,000
+0.7%
Median DOM (Sales)
17
+6.3%
New Listings (Sales)
5
−76.2%
Median Rent
$2,500
0.0%
Median DOM (Rental)
32
−5.9%
Total Rental Listings
147
−1.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (14 DOM)
- Fastest renting: Condo (18 DOM)
- Strongest bedroom: 7 Beds ($1,499,000 median)
Sales Market Overview
Median Price
$599,000
+0.7%
Median DOM
17
+6.3%
New Listings
5
−76.2%
Inventory
56
+9.8%
- Average Price: $686,701
- Median Price: $599,000
- Price Range: $289,000 – $1,499,000
- Price per Sq Ft (Avg/Median): $382 / $366
- Square Footage (Avg/Median): 2,164 / 1,767
- Square Footage Range: 640 – 5,475
- Days on Market (Avg/Median): 36 / 17
- Days on Market Range: 3 – 287
- New Listings: 5
- Total Listings: 56
Sales by Property Type
Condo
Avg/Median Price$382,243 / $389,888Range$289,000 – $579,000Price per Sq Ft$452 / $452Sq Ft640 / 640DOM13 / 14New2Total11
Multi-Family
Avg/Median Price$976,064 / $949,000Range$679,000 – $1,499,000Price per Sq Ft$366 / $366Sq Ft3,169 / 2,774DOM59 / 27New0Total14
Single Family
Avg/Median Price$670,955 / $599,000Range$375,000 – $1,089,000Price per Sq Ft$369 / $319Sq Ft1,472 / 1,177DOM34 / 16New3Total29
Townhouse
Avg/Median Price$564,000 / $549,000Range$549,000 – $579,000Price per Sq Ft$349 / $349Sq Ft1,573 / 1,573DOM22 / 17New0Total2
Sales by Bedroom Count
1 Beds
Avg:$329,355Median:$289,000Range:$289,000 – $389,888PSF:$452 / $452Sq Ft:640 / 640DOM:10 / 14New:0Total:5
2 Beds
Avg:$473,090Median:$425,000Range:$359,000 – $579,000PSF:$349 / $349Sq Ft:1,573 / 1,573DOM:28 / 17New:2Total:10
3 Beds
Avg:$620,224Median:$599,000Range:$375,000 – $899,000PSF:$319 / $319Sq Ft:1,177 / 1,177DOM:32 / 18New:1Total:17
4 Beds
Avg:$763,327Median:$765,000Range:$503,000 – $1,049,000PSF:$340 / $419Sq Ft:3,079 / 1,995DOM:31 / 14New:2Total:15
5 Beds
Avg:$1,079,000Median:$1,089,000Range:$949,000 – $1,199,000PSF:—Sq Ft:—DOM:68 / 11New:0Total:3
6 Beds
Avg:$1,069,580Median:$1,099,000Range:$850,000 – $1,300,000PSF:$409 / $366Sq Ft:2,791 / 2,774DOM:83 / 44New:0Total:5
7 Beds
Avg:$1,499,000Median:$1,499,000Range:$1,499,000 – $1,499,000PSF:—Sq Ft:—DOM:41 / 41New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $329,355 | $289,000 | $289,000 – $389,888 | $452 / $452 | 640 / 640 | 10 / 14 | 0 | 5 |
| 2 Beds | $473,090 | $425,000 | $359,000 – $579,000 | $349 / $349 | 1,573 / 1,573 | 28 / 17 | 2 | 10 |
| 3 Beds | $620,224 | $599,000 | $375,000 – $899,000 | $319 / $319 | 1,177 / 1,177 | 32 / 18 | 1 | 17 |
| 4 Beds | $763,327 | $765,000 | $503,000 – $1,049,000 | $340 / $419 | 3,079 / 1,995 | 31 / 14 | 2 | 15 |
| 5 Beds | $1,079,000 | $1,089,000 | $949,000 – $1,199,000 | — | — | 68 / 11 | 0 | 3 |
| 6 Beds | $1,069,580 | $1,099,000 | $850,000 – $1,300,000 | $409 / $366 | 2,791 / 2,774 | 83 / 44 | 0 | 5 |
| 7 Beds | $1,499,000 | $1,499,000 | $1,499,000 – $1,499,000 | — | — | 41 / 41 | 0 | 1 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
32
−5.9%
New Listings
16
Inventory
147
−1.3%
- Average Rent: $2,623
- Median Rent: $2,500
- Rent Range: $1,575 – $5,402
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,117 / 1,027
- Square Footage Range: 680 – 2,200
- Days on Market (Avg/Median): 56 / 32
- Days on Market Range: 2 – 307
- New Listings: 16
- Total Listings: 147
Rentals by Property Type
Apartment
$2,582
Median DOM: 32
Inventory: 50
MoM: 0.0%
Condo
$2,400
Median DOM: 18
Inventory: 2
MoM: 0.0%
Single Family
$1,700
Median DOM: 25
Inventory: 4
MoM: 0.0%
Townhouse
$3,900
Median DOM: 258
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,687 / $2,582Range$1,575 – $5,402Rent per Sq Ft$3 / $3Sq Ft1,017 / 981DOM57 / 32New8Total50
Condo
Avg/Median Rent$2,500 / $2,400Range$2,400 – $2,600Rent per Sq Ft$3 / $3Sq Ft918 / 900DOM28 / 18New0Total2
Multi-Family
Avg/Median Rent$2,598 / $2,500Range$1,650 – $4,800Rent per Sq Ft$2 / $2Sq Ft1,398 / 1,300DOM53 / 32New8Total90
Single Family
Avg/Median Rent$2,124 / $1,700Range$1,695 – $2,900Rent per Sq Ft—Sq Ft—DOM70 / 25New0Total4
Townhouse
Avg/Median Rent$3,900 / $3,900Range$3,900 – $3,900Rent per Sq Ft$2 / $2Sq Ft1,920 / 1,920DOM258 / 258New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,900Median:$1,900Range:$1,900 – $1,900PSF:$2 / $2Sq Ft:900 / 900DOM:21 / 12New:0Total:2
1 Beds
Avg:$2,310Median:$2,336Range:$1,575 – $5,402PSF:$3 / $3Sq Ft:872 / 774DOM:56 / 30New:7Total:38
2 Beds
Avg:$2,563Median:$2,400Range:$1,800 – $3,900PSF:$3 / $3Sq Ft:1,221 / 1,160DOM:57 / 35New:6Total:71
3 Beds
Avg:$2,966Median:$2,900Range:$2,000 – $4,800PSF:$2 / $2Sq Ft:1,483 / 1,500DOM:60 / 32New:1Total:31
4 Beds
Avg:$3,849Median:$3,700Range:$3,695 – $4,000PSF:$2 / $2Sq Ft:2,200 / 2,200DOM:36 / 27New:1Total:4
5 Beds
Avg:$4,650Median:$4,650Range:$4,650 – $4,650PSF:—Sq Ft:—DOM:4 / 4New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,900 | $1,900 | $1,900 – $1,900 | $2 / $2 | 900 / 900 | 21 / 12 | 0 | 2 |
| 1 Beds | $2,310 | $2,336 | $1,575 – $5,402 | $3 / $3 | 872 / 774 | 56 / 30 | 7 | 38 |
| 2 Beds | $2,563 | $2,400 | $1,800 – $3,900 | $3 / $3 | 1,221 / 1,160 | 57 / 35 | 6 | 71 |
| 3 Beds | $2,966 | $2,900 | $2,000 – $4,800 | $2 / $2 | 1,483 / 1,500 | 60 / 32 | 1 | 31 |
| 4 Beds | $3,849 | $3,700 | $3,695 – $4,000 | $2 / $2 | 2,200 / 2,200 | 36 / 27 | 1 | 4 |
| 5 Beds | $4,650 | $4,650 | $4,650 – $4,650 | — | — | 4 / 4 | 1 | 1 |
6-Month Sales Trend
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:22New:15Total:46
Apr 2026
Median Price:$595,000Median DOM:16New:21Total:51
May 2026
Median Price:$599,000Median DOM:17New:5Total:56
6-Month Rental Trend
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:$2,500Median DOM:37New:36Total:157
Apr 2026
Median Rent:$2,500Median DOM:34New:40Total:149
May 2026
Median Rent:$2,500Median DOM:32New:16Total:147
Key Market Takeaways
Median sale prices moved higher 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.
070010700207003070040700507006070080700907010070110701207013070140701607017070180702007021070220702307024070260702807029070300703107032070330703407035+107 more
← Back to New York Metro