ZIP 07077 Housing Market Report

New York Metro

Report period: May 2026

07077 Monthly Market Update – May 2026

ZIP 07077 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$449,000
−2.2%
Median DOM (Sales)
53
+29.3%
New Listings (Sales)
1
0.0%
Median Rent
$2,800
+24.4%
Median DOM (Rental)
10
−82.8%
Total Rental Listings
5
+25.0%

Month-over-Month Movement

Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Single Family (32 DOM)
  • Fastest renting: Apartment (10 DOM)
  • Strongest bedroom: 4 Beds ($589,000 median)

Sales Market Overview

Median Price
$449,000
−2.2%
Median DOM
53
+29.3%
New Listings
1
0.0%
Inventory
11
0.0%
  • Average Price: $471,791
  • Median Price: $449,000
  • Price Range: $180,000 – $624,000
  • Price per Sq Ft (Avg/Median): $357 / $316
  • Square Footage (Avg/Median): 1,572 / 1,467
  • Square Footage Range: 1,158 – 2,232
  • Days on Market (Avg/Median): 84 / 53
  • Days on Market Range: 6 – 259
  • New Listings: 1
  • Total Listings: 11

Sales by Property Type

Land
Avg/Median Price$180,000 / $180,000Range$180,000 – $180,000Price per Sq FtSq FtDOM259 / 259New0Total1
Single Family
Avg/Median Price$500,970 / $449,000Range$369,900 – $624,000Price per Sq Ft$357 / $316Sq Ft1,572 / 1,467DOM66 / 32New1Total10

Sales by Bedroom Count

3 Beds
Avg:$460,740Median:$449,000Range:$369,900 – $574,900PSF:$316 / $312Sq Ft:1,619 / 1,548DOM:71 / 53New:0Total:5
4 Beds
Avg:$541,200Median:$589,000Range:$449,000 – $624,000PSF:$387 / $316Sq Ft:1,537 / 1,338DOM:61 / 13New:1Total:5

Rental Market Overview

Median Rent
$2,800
+24.4%
Median DOM
10
−82.8%
New Listings
2
Inventory
5
+25.0%
  • Average Rent: $2,590
  • Median Rent: $2,800
  • Rent Range: $1,700 – $3,400
  • Rent per Sq Ft (Avg/Median): $1 / $1
  • Square Footage (Avg/Median): 4,018 / 4,794
  • Square Footage Range: 2,466 – 4,794
  • Days on Market (Avg/Median): 35 / 10
  • Days on Market Range: 2 – 98
  • New Listings: 2
  • Total Listings: 5

Rentals by Property Type

Apartment
$2,800
Median DOM: 10
Inventory: 5
MoM: +24.4%
Condo
Median DOM:
Inventory:
MoM: +24.4%
Single Family
Median DOM:
Inventory:
MoM: +24.4%
Townhouse
Median DOM:
Inventory:
MoM: +24.4%
Apartment
Avg/Median Rent$2,590 / $2,800Range$1,700 – $3,400Rent per Sq Ft$1 / $1Sq Ft4,018 / 4,794DOM35 / 10New2Total5

Rentals by Bedroom Count

1 Beds
Avg:$1,700Median:$1,700Range:$1,700 – $1,700PSF:Sq Ft:DOM:10 / 10New:0Total:1
2 Beds
Avg:$2,825Median:$2,250Range:$2,250 – $3,400PSF:$1 / $1Sq Ft:2,466 / 2,466DOM:78 / 58New:0Total:2
3 Beds
Avg:$2,800Median:$2,800Range:$2,800 – $2,800PSF:$1 / $1Sq Ft:4,794 / 4,794DOM:5 / 2New:2Total:2

6-Month Sales Trend

Dec 2025
Median Price:$515,000Median DOM:84New:1Total:13
Jan 2026
Median Price:$515,000Median DOM:78New:3Total:13
Feb 2026
Median Price:$510,000Median DOM:87New:0Total:9
Mar 2026
Median Price:$459,000Median DOM:65New:4Total:11
Apr 2026
Median Price:$459,000Median DOM:41New:1Total:11
May 2026
Median Price:$449,000Median DOM:53New:1Total:11

6-Month Rental Trend

Dec 2025
Median Rent:$2,500Median DOM:162New:1Total:3
Jan 2026
Median Rent:$2,500Median DOM:186New:0Total:3
Feb 2026
Median Rent:$2,500Median DOM:186New:0Total:3
Mar 2026
Median Rent:$2,500Median DOM:98New:1Total:3
Apr 2026
Median Rent:$2,250Median DOM:58New:1Total:4
May 2026
Median Rent:$2,800Median DOM:10New:2Total:5

Key Market Takeaways

Median sale prices softened this month while inventory remained stable. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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