ZIP 07078 Housing Market Report
New York Metro
Report period: May 2026
07078 Monthly Market Update – May 2026
ZIP 07078 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$2,799,000
0.0%
Median DOM (Sales)
13
−7.1%
New Listings (Sales)
13
−40.9%
Median Rent
$4,291
−14.2%
Median DOM (Rental)
23
0.0%
Total Rental Listings
22
+15.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Townhouse (7 DOM)
- Strongest bedroom: 7 Beds ($4,995,000 median)
Sales Market Overview
Median Price
$2,799,000
0.0%
Median DOM
13
−7.1%
New Listings
13
−40.9%
Inventory
66
+15.8%
- Average Price: $3,159,695
- Median Price: $2,799,000
- Price Range: $1,100,000 – $6,398,000
- Price per Sq Ft (Avg/Median): $591 / $583
- Square Footage (Avg/Median): 6,990 / 7,407
- Square Footage Range: 2,482 – 12,000
- Days on Market (Avg/Median): 26 / 13
- Days on Market Range: 3 – 171
- New Listings: 13
- Total Listings: 66
Sales by Property Type
Single Family
Avg/Median Price$3,159,695 / $2,799,000Range$1,100,000 – $6,398,000Price per Sq Ft$591 / $583Sq Ft6,990 / 7,407DOM26 / 13New13Total66
Sales by Bedroom Count
3 Beds
Avg:$1,646,250Median:$1,495,000Range:$1,100,000 – $2,195,000PSF:—Sq Ft:—DOM:12 / 10New:1Total:4
4 Beds
Avg:$2,063,611Median:$1,895,000Range:$1,675,000 – $2,550,000PSF:$647 / $669Sq Ft:3,137 / 3,200DOM:12 / 10New:3Total:18
5 Beds
Avg:$2,295,143Median:$2,395,000Range:$1,699,000 – $2,795,000PSF:$544 / $483Sq Ft:4,650 / 4,133DOM:14 / 13New:1Total:7
6 Beds
Avg:$3,505,190Median:$3,350,000Range:$2,495,000 – $5,990,000PSF:$542 / $504Sq Ft:7,496 / 6,500DOM:34 / 14New:3Total:21
7 Beds
Avg:$4,682,326Median:$4,995,000Range:$2,850,000 – $6,398,000PSF:$614 / $583Sq Ft:8,168 / 8,000DOM:41 / 32New:4Total:15
8 Beds
Avg:$4,900,000Median:$4,900,000Range:$4,900,000 – $4,900,000PSF:$662 / $662Sq Ft:7,407 / 7,407DOM:4 / 4New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,646,250 | $1,495,000 | $1,100,000 – $2,195,000 | — | — | 12 / 10 | 1 | 4 |
| 4 Beds | $2,063,611 | $1,895,000 | $1,675,000 – $2,550,000 | $647 / $669 | 3,137 / 3,200 | 12 / 10 | 3 | 18 |
| 5 Beds | $2,295,143 | $2,395,000 | $1,699,000 – $2,795,000 | $544 / $483 | 4,650 / 4,133 | 14 / 13 | 1 | 7 |
| 6 Beds | $3,505,190 | $3,350,000 | $2,495,000 – $5,990,000 | $542 / $504 | 7,496 / 6,500 | 34 / 14 | 3 | 21 |
| 7 Beds | $4,682,326 | $4,995,000 | $2,850,000 – $6,398,000 | $614 / $583 | 8,168 / 8,000 | 41 / 32 | 4 | 15 |
| 8 Beds | $4,900,000 | $4,900,000 | $4,900,000 – $4,900,000 | $662 / $662 | 7,407 / 7,407 | 4 / 4 | 1 | 1 |
Rental Market Overview
Median Rent
$4,291
−14.2%
Median DOM
23
0.0%
New Listings
4
Inventory
22
+15.8%
- Average Rent: $5,287
- Median Rent: $4,291
- Rent Range: $2,201 – $9,800
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,945 / 1,955
- Square Footage Range: 738 – 3,299
- Days on Market (Avg/Median): 46 / 23
- Days on Market Range: 3 – 236
- New Listings: 4
- Total Listings: 22
Rentals by Property Type
Apartment
$2,283
Median DOM: 70
Inventory: 2
MoM: −14.2%
Condo
$2,861
Median DOM: 23
Inventory: 4
MoM: −14.2%
Single Family
$6,500
Median DOM: 17
Inventory: 11
MoM: −14.2%
Townhouse
$4,231
Median DOM: 7
Inventory: 4
MoM: −14.2%
Apartment
Avg/Median Rent$2,616 / $2,283Range$2,283 – $2,950Rent per Sq Ft$3 / $3Sq Ft777 / 738DOM70 / 70New0Total2
Condo
Avg/Median Rent$3,000 / $2,861Range$2,673 – $3,273Rent per Sq Ft—Sq Ft—DOM88 / 23New0Total4
Multi-Family
Avg/Median Rent$2,201 / $2,201Range$2,201 – $2,201Rent per Sq Ft$3 / $3Sq Ft819 / 819DOM48 / 48New0Total1
Single Family
Avg/Median Rent$7,259 / $6,500Range$5,000 – $9,800Rent per Sq Ft$3 / $3Sq Ft3,086 / 3,000DOM38 / 17New2Total11
Townhouse
Avg/Median Rent$4,259 / $4,231Range$4,231 – $4,291Rent per Sq Ft$2 / $2Sq Ft1,955 / 1,955DOM18 / 7New2Total4
Rentals by Bedroom Count
1 Beds
Avg:$2,478Median:$2,283Range:$2,201 – $2,950PSF:$3 / $3Sq Ft:791 / 816DOM:59 / 48New:0Total:3
2 Beds
Avg:$3,000Median:$2,861Range:$2,673 – $3,273PSF:—Sq Ft:—DOM:88 / 23New:0Total:4
3 Beds
Avg:$5,130Median:$4,291Range:$4,231 – $6,500PSF:$2 / $2Sq Ft:1,955 / 1,955DOM:31 / 16New:2Total:8
4 Beds
Avg:$8,350Median:$9,000Range:$6,250 – $9,800PSF:$3 / $3Sq Ft:2,960 / 2,960DOM:33 / 4New:2Total:3
5 Beds
Avg:$7,467Median:$6,500Range:$6,400 – $9,500PSF:$3 / $2Sq Ft:3,150 / 3,000DOM:19 / 17New:0Total:3
6 Beds
Avg:$8,400Median:$8,400Range:$8,400 – $8,400PSF:—Sq Ft:—DOM:91 / 91New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,478 | $2,283 | $2,201 – $2,950 | $3 / $3 | 791 / 816 | 59 / 48 | 0 | 3 |
| 2 Beds | $3,000 | $2,861 | $2,673 – $3,273 | — | — | 88 / 23 | 0 | 4 |
| 3 Beds | $5,130 | $4,291 | $4,231 – $6,500 | $2 / $2 | 1,955 / 1,955 | 31 / 16 | 2 | 8 |
| 4 Beds | $8,350 | $9,000 | $6,250 – $9,800 | $3 / $3 | 2,960 / 2,960 | 33 / 4 | 2 | 3 |
| 5 Beds | $7,467 | $6,500 | $6,400 – $9,500 | $3 / $2 | 3,150 / 3,000 | 19 / 17 | 0 | 3 |
| 6 Beds | $8,400 | $8,400 | $8,400 – $8,400 | — | — | 91 / 91 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$3,495,000Median DOM:56New:1Total:35
Jan 2026
Median Price:$3,850,000Median DOM:22New:14Total:29
Feb 2026
Median Price:$2,899,000Median DOM:24New:11Total:36
Mar 2026
Median Price:$2,750,000Median DOM:18New:22Total:52
Apr 2026
Median Price:$2,799,000Median DOM:14New:22Total:57
May 2026
Median Price:$2,799,000Median DOM:13New:13Total:66
6-Month Rental Trend
Dec 2025
Median Rent:$5,650Median DOM:49New:1Total:17
Jan 2026
Median Rent:$5,950Median DOM:49New:5Total:16
Feb 2026
Median Rent:$6,000Median DOM:41New:4Total:16
Mar 2026
Median Rent:$6,000Median DOM:28New:6Total:18
Apr 2026
Median Rent:$5,000Median DOM:23New:6Total:19
May 2026
Median Rent:$4,291Median DOM:23New:4Total:22
Key Market Takeaways
Median sale prices held steady 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.
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