ZIP 07072 Housing Market Report

New York Metro

Report period: May 2026

07072 Monthly Market Update – May 2026

ZIP 07072 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$789,000
0.0%
Median DOM (Sales)
35
0.0%
New Listings (Sales)
0
−100.0%
Median Rent
$2,600
−7.1%
Median DOM (Rental)
41
+2.5%
Total Rental Listings
38
+2.7%

Month-over-Month Movement

Median sale prices were flat. Rents softened. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Multi-Family (18 DOM)
  • Fastest renting: Single Family (23 DOM)
  • Strongest bedroom: 3 Beds ($849,000 median)

Sales Market Overview

Median Price
$789,000
0.0%
Median DOM
35
0.0%
New Listings
0
−100.0%
Inventory
11
0.0%
  • Average Price: $782,082
  • Median Price: $789,000
  • Price Range: $530,000 – $1,299,000
  • Price per Sq Ft (Avg/Median): $388 / $388
  • Square Footage (Avg/Median): 3,350 / 3,350
  • Square Footage Range: 3,350 – 3,350
  • Days on Market (Avg/Median): 40 / 35
  • Days on Market Range: 6 – 98
  • New Listings: 0
  • Total Listings: 11

Sales by Property Type

Multi-Family
Avg/Median Price$801,380 / $699,000Range$530,000 – $1,299,000Price per Sq Ft$388 / $388Sq Ft3,350 / 3,350DOM31 / 18New0Total5
Single Family
Avg/Median Price$766,000 / $799,000Range$549,000 – $975,000Price per Sq FtSq FtDOM47 / 35New0Total6

Sales by Bedroom Count

2 Beds
Avg:$587,000Median:$549,000Range:$549,000 – $625,000PSF:Sq Ft:DOM:67 / 35New:0Total:2
3 Beds
Avg:$874,333Median:$849,000Range:$799,000 – $975,000PSF:Sq Ft:DOM:26 / 19New:0Total:3
4 Beds
Avg:$639,633Median:$689,900Range:$530,000 – $699,000PSF:Sq Ft:DOM:24 / 18New:0Total:3
5 Beds
Avg:$789,000Median:$789,000Range:$789,000 – $789,000PSF:Sq Ft:DOM:66 / 66New:0Total:1
6 Beds
Avg:$1,049,000Median:$799,000Range:$799,000 – $1,299,000PSF:$388 / $388Sq Ft:3,350 / 3,350DOM:43 / 16New:0Total:2

Rental Market Overview

Median Rent
$2,600
−7.1%
Median DOM
41
+2.5%
New Listings
1
Inventory
38
+2.7%
  • Average Rent: $2,664
  • Median Rent: $2,600
  • Rent Range: $1,400 – $4,600
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 840 / 700
  • Square Footage Range: 350 – 1,300
  • Days on Market (Avg/Median): 79 / 41
  • Days on Market Range: 4 – 280
  • New Listings: 1
  • Total Listings: 38

Rentals by Property Type

Apartment
$2,150
Median DOM: 34
Inventory: 9
MoM: −7.1%
Condo
Median DOM:
Inventory:
MoM: −7.1%
Single Family
$3,300
Median DOM: 23
Inventory: 4
MoM: −7.1%
Townhouse
Median DOM:
Inventory:
MoM: −7.1%
Apartment
Avg/Median Rent$2,405 / $2,150Range$1,600 – $3,350Rent per Sq Ft$4 / $4Sq Ft583 / 700DOM53 / 34New0Total9
Multi-Family
Avg/Median Rent$2,615 / $2,600Range$1,400 – $4,600Rent per Sq Ft$2 / $2Sq Ft1,225 / 1,150DOM93 / 43New1Total25
Single Family
Avg/Median Rent$3,550 / $3,300Range$3,300 – $4,000Rent per Sq FtSq FtDOM43 / 23New0Total4

Rentals by Bedroom Count

Studio
Avg:$1,600Median:$1,600Range:$1,600 – $1,600PSF:$5 / $5Sq Ft:350 / 350DOM:13 / 13New:0Total:1
1 Beds
Avg:$1,752Median:$1,745Range:$1,400 – $2,150PSF:Sq Ft:DOM:74 / 74New:1Total:9
2 Beds
Avg:$2,482Median:$2,600Range:$2,000 – $2,800PSF:$3 / $3Sq Ft:850 / 700DOM:100 / 57New:0Total:11
3 Beds
Avg:$3,263Median:$3,200Range:$2,900 – $4,600PSF:$2 / $2Sq Ft:1,300 / 1,300DOM:72 / 34New:0Total:15
4 Beds
Avg:$3,800Median:$3,600Range:$3,600 – $4,000PSF:Sq Ft:DOM:63 / 41New:0Total:2

6-Month Sales Trend

Dec 2025
Median Price:$799,000Median DOM:70New:1Total:7
Jan 2026
Median Price:$749,000Median DOM:25New:3Total:6
Feb 2026
Median Price:$749,000Median DOM:26New:1Total:6
Mar 2026
Median Price:$689,900Median DOM:22New:6Total:8
Apr 2026
Median Price:$789,000Median DOM:35New:4Total:11
May 2026
Median Price:$789,000Median DOM:35New:0Total:11

6-Month Rental Trend

Dec 2025
Median Rent:$2,800Median DOM:51New:4Total:22
Jan 2026
Median Rent:$2,800Median DOM:38New:12Total:34
Feb 2026
Median Rent:$2,800Median DOM:38New:8Total:37
Mar 2026
Median Rent:$2,900Median DOM:43New:7Total:36
Apr 2026
Median Rent:$2,800Median DOM:40New:13Total:37
May 2026
Median Rent:$2,600Median DOM:41New:1Total:38

Key Market Takeaways

Median sale prices held steady this month while inventory remained stable. Days on market were unchanged, signaling steady 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.

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