ZIP 07087 Housing Market Report
New York Metro
Report period: May 2026
07087 Monthly Market Update – May 2026
ZIP 07087 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$534,900
0.0%
Median DOM (Sales)
35
0.0%
New Listings (Sales)
12
−80.0%
Median Rent
$2,600
0.0%
Median DOM (Rental)
34
+6.3%
Total Rental Listings
286
−8.0%
Month-over-Month Movement
Median sale prices were flat. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (34 DOM)
- Fastest renting: Townhouse (24 DOM)
- Strongest bedroom: 6 Beds ($999,000 median)
Sales Market Overview
Median Price
$534,900
0.0%
Median DOM
35
0.0%
New Listings
12
−80.0%
Inventory
195
+3.2%
- Average Price: $604,850
- Median Price: $534,900
- Price Range: $189,000 – $1,899,000
- Price per Sq Ft (Avg/Median): $481 / $461
- Square Footage (Avg/Median): 1,036 / 970
- Square Footage Range: 369 – 4,220
- Days on Market (Avg/Median): 60 / 35
- Days on Market Range: 2 – 289
- New Listings: 12
- Total Listings: 195
Sales by Property Type
Condo
Avg/Median Price$462,465 / $410,000Range$189,000 – $1,499,000Price per Sq Ft$473 / $461Sq Ft995 / 940DOM58 / 35New8Total130
Land
Avg/Median Price$412,667 / $450,000Range$299,000 – $489,000Price per Sq Ft—Sq Ft—DOM121 / 43New0Total3
Multi-Family
Avg/Median Price$989,903 / $899,000Range$587,790 – $1,899,000Price per Sq Ft$664 / $453Sq Ft1,932 / 1,880DOM64 / 36New2Total49
Single Family
Avg/Median Price$621,692 / $579,000Range$325,000 – $1,049,000Price per Sq Ft$500 / $370Sq Ft1,271 / 878DOM45 / 34New2Total13
Sales by Bedroom Count
Studio
Avg:$988,750Median:$300,000Range:$205,000 – $1,850,000PSF:$698 / $556Sq Ft:930 / 542DOM:87 / 32New:0Total:4
1 Beds
Avg:$325,507Median:$299,000Range:$189,000 – $699,777PSF:$431 / $435Sq Ft:735 / 780DOM:57 / 37New:5Total:51
2 Beds
Avg:$493,022Median:$500,000Range:$225,000 – $879,000PSF:$490 / $486Sq Ft:1,008 / 1,043DOM:53 / 28New:3Total:63
3 Beds
Avg:$641,921Median:$645,000Range:$379,000 – $1,098,888PSF:$511 / $533Sq Ft:1,315 / 1,400DOM:63 / 34New:1Total:28
4 Beds
Avg:$1,005,643Median:$799,000Range:$699,000 – $1,750,000PSF:$463 / $453Sq Ft:2,701 / 2,600DOM:60 / 46New:1Total:14
5 Beds
Avg:$894,100Median:$898,000Range:$659,000 – $1,199,000PSF:—Sq Ft:—DOM:69 / 34New:0Total:9
6 Beds
Avg:$1,059,000Median:$999,000Range:$729,000 – $1,450,000PSF:$1,091 / $1,091Sq Ft:1,100 / 1,100DOM:88 / 36New:2Total:8
7 Beds
Avg:$1,219,815Median:$997,000Range:$799,000 – $1,899,000PSF:$386 / $386Sq Ft:2,526 / 2,526DOM:42 / 25New:0Total:6
8 Beds
Avg:$1,022,322Median:$995,000Range:$749,999 – $1,299,000PSF:—Sq Ft:—DOM:54 / 41New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $988,750 | $300,000 | $205,000 – $1,850,000 | $698 / $556 | 930 / 542 | 87 / 32 | 0 | 4 |
| 1 Beds | $325,507 | $299,000 | $189,000 – $699,777 | $431 / $435 | 735 / 780 | 57 / 37 | 5 | 51 |
| 2 Beds | $493,022 | $500,000 | $225,000 – $879,000 | $490 / $486 | 1,008 / 1,043 | 53 / 28 | 3 | 63 |
| 3 Beds | $641,921 | $645,000 | $379,000 – $1,098,888 | $511 / $533 | 1,315 / 1,400 | 63 / 34 | 1 | 28 |
| 4 Beds | $1,005,643 | $799,000 | $699,000 – $1,750,000 | $463 / $453 | 2,701 / 2,600 | 60 / 46 | 1 | 14 |
| 5 Beds | $894,100 | $898,000 | $659,000 – $1,199,000 | — | — | 69 / 34 | 0 | 9 |
| 6 Beds | $1,059,000 | $999,000 | $729,000 – $1,450,000 | $1,091 / $1,091 | 1,100 / 1,100 | 88 / 36 | 2 | 8 |
| 7 Beds | $1,219,815 | $997,000 | $799,000 – $1,899,000 | $386 / $386 | 2,526 / 2,526 | 42 / 25 | 0 | 6 |
| 8 Beds | $1,022,322 | $995,000 | $749,999 – $1,299,000 | — | — | 54 / 41 | 0 | 9 |
Rental Market Overview
Median Rent
$2,600
0.0%
Median DOM
34
+6.3%
New Listings
19
Inventory
286
−8.0%
- Average Rent: $2,678
- Median Rent: $2,600
- Rent Range: $1,200 – $5,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 961 / 965
- Square Footage Range: 350 – 1,950
- Days on Market (Avg/Median): 51 / 34
- Days on Market Range: 1 – 263
- New Listings: 19
- Total Listings: 286
Rentals by Property Type
Apartment
$2,550
Median DOM: 45
Inventory: 116
MoM: 0.0%
Condo
$2,550
Median DOM: 28
Inventory: 29
MoM: 0.0%
Single Family
$2,400
Median DOM: 27
Inventory: 12
MoM: 0.0%
Townhouse
$3,200
Median DOM: 24
Inventory: 4
MoM: 0.0%
Apartment
Avg/Median Rent$2,686 / $2,550Range$1,295 – $4,300Rent per Sq Ft$3 / $3Sq Ft969 / 1,000DOM66 / 45New7Total116
Condo
Avg/Median Rent$2,576 / $2,550Range$1,600 – $3,600Rent per Sq Ft$3 / $3Sq Ft823 / 825DOM42 / 28New2Total29
Multi-Family
Avg/Median Rent$2,682 / $2,650Range$1,200 – $5,000Rent per Sq Ft$3 / $3Sq Ft975 / 990DOM40 / 29New9Total125
Single Family
Avg/Median Rent$2,554 / $2,400Range$2,100 – $3,100Rent per Sq Ft$3 / $3Sq Ft750 / 750DOM34 / 27New1Total12
Townhouse
Avg/Median Rent$3,400 / $3,200Range$3,100 – $3,950Rent per Sq Ft$2 / $2Sq Ft1,559 / 1,500DOM80 / 24New0Total4
Rentals by Bedroom Count
Studio
Avg:$1,681Median:$1,550Range:$1,200 – $2,500PSF:$4 / $4Sq Ft:430 / 450DOM:24 / 22New:1Total:8
1 Beds
Avg:$2,249Median:$2,200Range:$1,295 – $3,490PSF:$3 / $3Sq Ft:734 / 750DOM:53 / 27New:5Total:75
2 Beds
Avg:$2,805Median:$2,750Range:$1,800 – $4,300PSF:$3 / $3Sq Ft:1,006 / 1,006DOM:50 / 41New:8Total:132
3 Beds
Avg:$2,991Median:$2,900Range:$2,000 – $5,000PSF:$3 / $3Sq Ft:1,270 / 1,200DOM:50 / 32New:5Total:65
4 Beds
Avg:$3,080Median:$3,000Range:$2,600 – $3,500PSF:$3 / $3Sq Ft:1,284 / 1,284DOM:79 / 36New:0Total:5
5 Beds
Avg:$3,600Median:$3,600Range:$3,600 – $3,600PSF:—Sq Ft:—DOM:56 / 56New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,681 | $1,550 | $1,200 – $2,500 | $4 / $4 | 430 / 450 | 24 / 22 | 1 | 8 |
| 1 Beds | $2,249 | $2,200 | $1,295 – $3,490 | $3 / $3 | 734 / 750 | 53 / 27 | 5 | 75 |
| 2 Beds | $2,805 | $2,750 | $1,800 – $4,300 | $3 / $3 | 1,006 / 1,006 | 50 / 41 | 8 | 132 |
| 3 Beds | $2,991 | $2,900 | $2,000 – $5,000 | $3 / $3 | 1,270 / 1,200 | 50 / 32 | 5 | 65 |
| 4 Beds | $3,080 | $3,000 | $2,600 – $3,500 | $3 / $3 | 1,284 / 1,284 | 79 / 36 | 0 | 5 |
| 5 Beds | $3,600 | $3,600 | $3,600 – $3,600 | — | — | 56 / 56 | 0 | 1 |
6-Month Sales Trend
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:$550,000Median DOM:50New:41Total:159
Apr 2026
Median Price:$534,900Median DOM:35New:60Total:189
May 2026
Median Price:$534,900Median DOM:35New:12Total:195
6-Month Rental Trend
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:$2,700Median DOM:34New:87Total:303
Apr 2026
Median Rent:$2,600Median DOM:32New:91Total:311
May 2026
Median Rent:$2,600Median DOM:34New:19Total:286
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, 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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