ZIP 07081 Housing Market Report

New York Metro

Report period: May 2026

07081 Monthly Market Update – May 2026

ZIP 07081 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$700,000
+7.7%
Median DOM (Sales)
16
−20.0%
New Listings (Sales)
5
−79.2%
Median Rent
$2,700
+0.2%
Median DOM (Rental)
28
+33.3%
Total Rental Listings
43
−2.3%

Month-over-Month Movement

Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.

What's Moving Fastest

  • Fastest selling: Multi-Family (10 DOM)
  • Fastest renting: Single Family (16 DOM)
  • Strongest bedroom: 5 Beds ($1,395,000 median)

Sales Market Overview

Median Price
$700,000
+7.7%
Median DOM
16
−20.0%
New Listings
5
−79.2%
Inventory
52
+8.3%
  • Average Price: $714,988
  • Median Price: $700,000
  • Price Range: $299,000 – $1,849,000
  • Price per Sq Ft (Avg/Median): $336 / $338
  • Square Footage (Avg/Median): 2,009 / 1,914
  • Square Footage Range: 738 – 3,552
  • Days on Market (Avg/Median): 31 / 16
  • Days on Market Range: 2 – 247
  • New Listings: 5
  • Total Listings: 52

Sales by Property Type

Condo
Avg/Median Price$370,075 / $309,000Range$299,000 – $650,000Price per Sq Ft$334 / $368Sq Ft1,161 / 897DOM37 / 13New1Total12
Multi-Family
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft$313 / $313Sq Ft1,914 / 1,914DOM10 / 10New1Total1
Single Family
Avg/Median Price$824,090 / $749,999Range$300,000 – $1,849,000Price per Sq Ft$339 / $338Sq Ft2,339 / 2,015DOM29 / 17New3Total39

Sales by Bedroom Count

1 Beds
Avg:$305,750Median:$300,000Range:$299,000 – $330,000PSF:$387 / $368Sq Ft:818 / 738DOM:20 / 13New:0Total:8
2 Beds
Avg:$427,980Median:$425,000Range:$349,900 – $495,000PSF:$230 / $230Sq Ft:1,848 / 1,848DOM:63 / 20New:0Total:5
3 Beds
Avg:$713,062Median:$700,000Range:$599,000 – $849,000PSF:$352 / $376Sq Ft:2,141 / 1,728DOM:30 / 14New:1Total:16
4 Beds
Avg:$794,583Median:$779,000Range:$495,000 – $1,199,900PSF:$329 / $338Sq Ft:2,367 / 2,015DOM:31 / 16New:3Total:18
5 Beds
Avg:$1,344,333Median:$1,395,000Range:$988,000 – $1,650,000PSF:Sq Ft:DOM:19 / 19New:0Total:3
6 Beds
Avg:$1,424,500Median:$999,999Range:$999,999 – $1,849,000PSF:Sq Ft:DOM:12 / 3New:1Total:2

Rental Market Overview

Median Rent
$2,700
+0.2%
Median DOM
28
+33.3%
New Listings
1
Inventory
43
−2.3%
  • Average Rent: $3,208
  • Median Rent: $2,700
  • Rent Range: $1,852 – $6,000
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,167 / 1,000
  • Square Footage Range: 494 – 2,897
  • Days on Market (Avg/Median): 43 / 28
  • Days on Market Range: 2 – 198
  • New Listings: 1
  • Total Listings: 43

Rentals by Property Type

Apartment
$2,575
Median DOM: 99
Inventory: 13
MoM: +0.2%
Condo
$2,600
Median DOM: 28
Inventory: 12
MoM: +0.2%
Single Family
$4,000
Median DOM: 16
Inventory: 13
MoM: +0.2%
Townhouse
$3,700
Median DOM: 73
Inventory: 3
MoM: +0.2%
Apartment
Avg/Median Rent$2,741 / $2,575Range$1,852 – $5,000Rent per Sq Ft$3 / $3Sq Ft897 / 810DOM99 / 99New0Total13
Condo
Avg/Median Rent$2,569 / $2,600Range$1,950 – $3,150Rent per Sq Ft$3 / $3Sq Ft1,034 / 1,000DOM35 / 28New0Total12
Multi-Family
Avg/Median Rent$3,095 / $2,695Range$2,695 – $3,495Rent per Sq Ft$3 / $3Sq Ft1,125 / 1,000DOM25 / 19New0Total2
Single Family
Avg/Median Rent$4,169 / $4,000Range$2,100 – $6,000Rent per Sq Ft$2 / $2Sq Ft2,094 / 1,952DOM41 / 16New1Total13
Townhouse
Avg/Median Rent$3,700 / $3,700Range$3,700 – $3,700Rent per Sq Ft$3 / $3Sq Ft1,445 / 1,445DOM73 / 73New0Total3

Rentals by Bedroom Count

1 Beds
Avg:$2,296Median:$2,385Range:$1,852 – $2,685PSF:$3 / $3Sq Ft:761 / 784DOM:54 / 28New:0Total:13
2 Beds
Avg:$3,056Median:$2,700Range:$2,400 – $5,000PSF:$3 / $3Sq Ft:1,159 / 1,138DOM:50 / 44New:0Total:18
3 Beds
Avg:$3,991Median:$4,000Range:$3,000 – $4,950PSF:$2 / $2Sq Ft:1,601 / 1,250DOM:15 / 8New:1Total:6
4 Beds
Avg:$4,680Median:$4,400Range:$4,000 – $6,000PSF:$2 / $3Sq Ft:2,142 / 2,000DOM:14 / 13New:0Total:5
5 Beds
Avg:$5,750Median:$5,750Range:$5,750 – $5,750PSF:Sq Ft:DOM:198 / 198New:0Total:1

6-Month Sales Trend

Dec 2025
Median Price:$625,000Median DOM:48New:7Total:43
Jan 2026
Median Price:$639,000Median DOM:33New:10Total:40
Feb 2026
Median Price:$639,000Median DOM:45New:5Total:29
Mar 2026
Median Price:$645,000Median DOM:14New:15Total:32
Apr 2026
Median Price:$650,000Median DOM:20New:24Total:48
May 2026
Median Price:$700,000Median DOM:16New:5Total:52

6-Month Rental Trend

Dec 2025
Median Rent:$2,850Median DOM:72New:7Total:45
Jan 2026
Median Rent:$2,575Median DOM:54New:6Total:43
Feb 2026
Median Rent:$2,975Median DOM:29New:13Total:44
Mar 2026
Median Rent:$2,690Median DOM:51New:3Total:36
Apr 2026
Median Rent:$2,695Median DOM:21New:15Total:44
May 2026
Median Rent:$2,700Median DOM:28New:1Total:43

Key Market Takeaways

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

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