ZIP 07087 Housing Market Report
New York Metro
Report period: March 2026
07087 Monthly Market Update – March 2026
ZIP 07087 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$545,000
0.0%
Median DOM (Sales)
50
−3.8%
New Listings (Sales)
14
−54.8%
Median Rent
$2,650
+1.9%
Median DOM (Rental)
35
−2.8%
Total Rental Listings
285
+4.4%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (36 DOM)
- Fastest renting: Condo (21 DOM)
- Strongest bedroom: 6 Beds ($1,035,000 median)
Sales Market Overview
Median Price
$545,000
0.0%
Median DOM
50
−3.8%
New Listings
14
−54.8%
Inventory
152
+1.3%
- Average Price: $575,312
- Median Price: $545,000
- Price Range: $192,600 – $1,299,000
- Price per Sq Ft (Avg/Median): $482 / $466
- Square Footage (Avg/Median): 1,047 / 970
- Square Footage Range: 369 – 4,700
- Days on Market (Avg/Median): 71 / 50
- Days on Market Range: 3 – 364
- New Listings: 14
- Total Listings: 152
Sales by Property Type
Condo
Avg/Median Price$450,145 / $399,000Range$192,600 – $1,275,000Price per Sq Ft$483 / $473Sq Ft952 / 930DOM69 / 46New11Total102
Land
Avg/Median Price$489,000 / $489,000Range$489,000 – $489,000Price per Sq Ft—Sq Ft—DOM223 / 223New0Total1
Multi-Family
Avg/Median Price$890,092 / $799,999Range$550,000 – $1,299,000Price per Sq Ft$503 / $404Sq Ft2,314 / 1,556DOM75 / 57New2Total40
Single Family
Avg/Median Price$594,557 / $600,000Range$425,000 – $749,900Price per Sq Ft$362 / $353Sq Ft1,858 / 1,700DOM45 / 36New1Total7
Townhouse
Avg/Median Price$639,000 / $479,000Range$479,000 – $799,000Price per Sq Ft—Sq Ft—DOM84 / 56New0Total2
Sales by Bedroom Count
Studio
Avg:$410,000Median:$300,000Range:$205,000 – $725,000PSF:$525 / $554Sq Ft:822 / 542DOM:84 / 73New:0Total:3
1 Beds
Avg:$315,394Median:$295,000Range:$192,600 – $699,777PSF:$434 / $417Sq Ft:705 / 694DOM:69 / 50New:1Total:39
2 Beds
Avg:$502,164Median:$499,000Range:$259,000 – $899,000PSF:$511 / $487Sq Ft:1,000 / 1,030DOM:65 / 37New:11Total:51
3 Beds
Avg:$648,138Median:$650,000Range:$395,000 – $828,888PSF:$499 / $509Sq Ft:1,327 / 1,227DOM:68 / 56New:0Total:21
4 Beds
Avg:$872,250Median:$790,000Range:$550,000 – $1,275,000PSF:$366 / $392Sq Ft:2,741 / 2,600DOM:45 / 27New:1Total:8
5 Beds
Avg:$843,544Median:$799,000Range:$739,000 – $1,060,000PSF:$372 / $372Sq Ft:2,016 / 2,016DOM:109 / 111New:0Total:9
6 Beds
Avg:$997,444Median:$1,035,000Range:$675,000 – $1,249,000PSF:$1,091 / $1,091Sq Ft:1,100 / 1,100DOM:91 / 92New:0Total:9
7 Beds
Avg:$924,800Median:$900,000Range:$750,000 – $1,200,000PSF:$475 / $475Sq Ft:2,526 / 2,526DOM:44 / 41New:0Total:5
8 Beds
Avg:$1,005,983Median:$899,000Range:$715,000 – $1,299,000PSF:$191 / $191Sq Ft:4,700 / 4,700DOM:73 / 57New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $410,000 | $300,000 | $205,000 – $725,000 | $525 / $554 | 822 / 542 | 84 / 73 | 0 | 3 |
| 1 Beds | $315,394 | $295,000 | $192,600 – $699,777 | $434 / $417 | 705 / 694 | 69 / 50 | 1 | 39 |
| 2 Beds | $502,164 | $499,000 | $259,000 – $899,000 | $511 / $487 | 1,000 / 1,030 | 65 / 37 | 11 | 51 |
| 3 Beds | $648,138 | $650,000 | $395,000 – $828,888 | $499 / $509 | 1,327 / 1,227 | 68 / 56 | 0 | 21 |
| 4 Beds | $872,250 | $790,000 | $550,000 – $1,275,000 | $366 / $392 | 2,741 / 2,600 | 45 / 27 | 1 | 8 |
| 5 Beds | $843,544 | $799,000 | $739,000 – $1,060,000 | $372 / $372 | 2,016 / 2,016 | 109 / 111 | 0 | 9 |
| 6 Beds | $997,444 | $1,035,000 | $675,000 – $1,249,000 | $1,091 / $1,091 | 1,100 / 1,100 | 91 / 92 | 0 | 9 |
| 7 Beds | $924,800 | $900,000 | $750,000 – $1,200,000 | $475 / $475 | 2,526 / 2,526 | 44 / 41 | 0 | 5 |
| 8 Beds | $1,005,983 | $899,000 | $715,000 – $1,299,000 | $191 / $191 | 4,700 / 4,700 | 73 / 57 | 1 | 6 |
Rental Market Overview
Median Rent
$2,650
+1.9%
Median DOM
35
−2.8%
New Listings
33
Inventory
285
+4.4%
- Average Rent: $2,702
- Median Rent: $2,650
- Rent Range: $1,185 – $7,972
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,012 / 1,000
- Square Footage Range: 400 – 2,000
- Days on Market (Avg/Median): 54 / 35
- Days on Market Range: 1 – 316
- New Listings: 33
- Total Listings: 285
Rentals by Property Type
Apartment
$2,700
Median DOM: 41
Inventory: 135
MoM: +1.9%
Condo
$2,300
Median DOM: 21
Inventory: 16
MoM: +1.9%
Single Family
$2,900
Median DOM: 45
Inventory: 9
MoM: +1.9%
Townhouse
$3,950
Median DOM: 30
Inventory: 3
MoM: +1.9%
Apartment
Avg/Median Rent$2,736 / $2,700Range$1,185 – $7,972Rent per Sq Ft$3 / $3Sq Ft1,002 / 1,000DOM62 / 41New9Total135
Condo
Avg/Median Rent$2,431 / $2,300Range$1,695 – $3,500Rent per Sq Ft$3 / $3Sq Ft810 / 803DOM43 / 21New4Total16
Multi-Family
Avg/Median Rent$2,685 / $2,650Range$1,300 – $5,500Rent per Sq Ft$3 / $3Sq Ft1,027 / 1,000DOM46 / 30New19Total122
Single Family
Avg/Median Rent$2,476 / $2,900Range$1,185 – $3,700Rent per Sq Ft$2 / $2Sq Ft883 / 650DOM60 / 45New1Total9
Townhouse
Avg/Median Rent$3,950 / $3,950Range$3,200 – $4,700Rent per Sq Ft$2 / $2Sq Ft1,817 / 1,950DOM27 / 30New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,575Median:$1,550Range:$1,300 – $1,850PSF:$3 / $3Sq Ft:495 / 400DOM:37 / 14New:0Total:6
1 Beds
Avg:$2,246Median:$2,000Range:$1,200 – $7,972PSF:$3 / $3Sq Ft:727 / 725DOM:55 / 34New:11Total:76
2 Beds
Avg:$2,783Median:$2,750Range:$1,185 – $4,000PSF:$3 / $3Sq Ft:1,048 / 1,041DOM:53 / 31New:16Total:135
3 Beds
Avg:$3,109Median:$3,000Range:$2,000 – $5,500PSF:$3 / $3Sq Ft:1,336 / 1,250DOM:57 / 42New:6Total:63
4 Beds
Avg:$3,412Median:$3,300Range:$3,000 – $3,900PSF:$2 / $2Sq Ft:1,492 / 1,284DOM:34 / 37New:0Total:4
6 Beds
Avg:$4,700Median:$4,700Range:$4,700 – $4,700PSF:$2 / $2Sq Ft:2,000 / 2,000DOM:30 / 30New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,575 | $1,550 | $1,300 – $1,850 | $3 / $3 | 495 / 400 | 37 / 14 | 0 | 6 |
| 1 Beds | $2,246 | $2,000 | $1,200 – $7,972 | $3 / $3 | 727 / 725 | 55 / 34 | 11 | 76 |
| 2 Beds | $2,783 | $2,750 | $1,185 – $4,000 | $3 / $3 | 1,048 / 1,041 | 53 / 31 | 16 | 135 |
| 3 Beds | $3,109 | $3,000 | $2,000 – $5,500 | $3 / $3 | 1,336 / 1,250 | 57 / 42 | 6 | 63 |
| 4 Beds | $3,412 | $3,300 | $3,000 – $3,900 | $2 / $2 | 1,492 / 1,284 | 34 / 37 | 0 | 4 |
| 6 Beds | $4,700 | $4,700 | $4,700 – $4,700 | $2 / $2 | 2,000 / 2,000 | 30 / 30 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$548,000Median DOM:56New:44Total:178
Nov 2025
Median Price:$565,000Median DOM:44New:50Total:178
Dec 2025
Median Price:$549,000Median DOM:50New:27Total:169
Jan 2026
Median Price:$539,000Median DOM:50New:41Total:162
Feb 2026
Median Price:$545,000Median DOM:52New:31Total:150
Mar 2026
Median Price:$545,000Median DOM:50New:14Total:152
6-Month Rental Trend
Oct 2025
Median Rent:$2,588Median DOM:35New:83Total:280
Nov 2025
Median Rent:$2,550Median DOM:33New:65Total:273
Dec 2025
Median Rent:$2,550Median DOM:36New:77Total:264
Jan 2026
Median Rent:$2,600Median DOM:38New:79Total:249
Feb 2026
Median Rent:$2,600Median DOM:36New:74Total:273
Mar 2026
Median Rent:$2,650Median DOM:35New:33Total:285
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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