ZIP 07088 Housing Market Report
New York Metro
Report period: August 2026
07088 Monthly Market Update – August 2026
ZIP 07088 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$479,000
0.0%
Median DOM (Sales)
25
−34.2%
New Listings (Sales)
0
−100.0%
Median Rent
$2,550
0.0%
Median DOM (Rental)
30
+25.0%
Total Rental Listings
12
−14.3%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (21 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 3 Beds ($650,000 median)
Sales Market Overview
Median Price
$479,000
0.0%
Median DOM
25
−34.2%
New Listings
0
−100.0%
Inventory
12
−7.7%
- Average Price: $528,741
- Median Price: $479,000
- Price Range: $350,000 – $950,000
- Price per Sq Ft (Avg/Median): $345 / $305
- Square Footage (Avg/Median): 1,751 / 1,800
- Square Footage Range: 888 – 2,223
- Days on Market (Avg/Median): 64 / 25
- Days on Market Range: 12 – 327
- New Listings: 0
- Total Listings: 12
Sales by Property Type
Land
Avg/Median Price$950,000 / $950,000Range$950,000 – $950,000Price per Sq Ft—Sq Ft—DOM327 / 327New0Total1
Multi-Family
Avg/Median Price$549,000 / $549,000Range$549,000 – $549,000Price per Sq Ft$305 / $305Sq Ft1,800 / 1,800DOM21 / 21New0Total1
Single Family
Avg/Median Price$484,589 / $439,900Range$350,000 – $650,000Price per Sq Ft$355 / $292Sq Ft1,739 / 1,622DOM42 / 25New0Total10
Sales by Bedroom Count
2 Beds
Avg:$419,578Median:$429,000Range:$350,000 – $479,000PSF:$495 / $495Sq Ft:888 / 888DOM:35 / 25New:0Total:5
3 Beds
Avg:$650,000Median:$650,000Range:$650,000 – $650,000PSF:$292 / $292Sq Ft:2,223 / 2,223DOM:64 / 61New:0Total:2
4 Beds
Avg:$499,250Median:$549,000Range:$350,000 – $549,000PSF:$322 / $305Sq Ft:1,711 / 1,622DOM:35 / 21New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $419,578 | $429,000 | $350,000 – $479,000 | $495 / $495 | 888 / 888 | 35 / 25 | 0 | 5 |
| 3 Beds | $650,000 | $650,000 | $650,000 – $650,000 | $292 / $292 | 2,223 / 2,223 | 64 / 61 | 0 | 2 |
| 4 Beds | $499,250 | $549,000 | $350,000 – $549,000 | $322 / $305 | 1,711 / 1,622 | 35 / 21 | 0 | 4 |
Rental Market Overview
Median Rent
$2,550
0.0%
Median DOM
30
+25.0%
New Listings
1
Inventory
12
−14.3%
- Average Rent: $2,654
- Median Rent: $2,550
- Rent Range: $1,850 – $4,000
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,171 / 850
- Square Footage Range: 711 – 2,223
- Days on Market (Avg/Median): 55 / 30
- Days on Market Range: 1 – 165
- New Listings: 1
- Total Listings: 12
Rentals by Property Type
Apartment
$1,850
Median DOM: 1
Inventory: 1
MoM: 0.0%
Condo
$1,950
Median DOM: 6
Inventory: 1
MoM: 0.0%
Single Family
$3,000
Median DOM: 26
Inventory: 5
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,850 / $1,850Range$1,850 – $1,850Rent per Sq Ft$2 / $2Sq Ft850 / 850DOM1 / 1New1Total1
Condo
Avg/Median Rent$1,950 / $1,950Range$1,950 – $1,950Rent per Sq Ft$3 / $3Sq Ft711 / 711DOM6 / 6New0Total1
Multi-Family
Avg/Median Rent$2,540 / $2,500Range$2,100 – $3,000Rent per Sq Ft—Sq Ft—DOM94 / 66New0Total5
Single Family
Avg/Median Rent$3,070 / $3,000Range$2,550 – $4,000Rent per Sq Ft$3 / $2Sq Ft1,562 / 900DOM37 / 26New0Total5
Rentals by Bedroom Count
1 Beds
Avg:$2,133Median:$1,950Range:$1,850 – $2,600PSF:$2 / $2Sq Ft:780 / 711DOM:8 / 6New:1Total:3
2 Beds
Avg:$2,540Median:$2,500Range:$2,100 – $3,000PSF:$3 / $3Sq Ft:900 / 900DOM:87 / 64New:0Total:5
3 Beds
Avg:$3,183Median:$3,000Range:$2,550 – $4,000PSF:$2 / $2Sq Ft:2,223 / 2,223DOM:60 / 66New:0Total:3
4 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:—Sq Ft:—DOM:26 / 26New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,133 | $1,950 | $1,850 – $2,600 | $2 / $2 | 780 / 711 | 8 / 6 | 1 | 3 |
| 2 Beds | $2,540 | $2,500 | $2,100 – $3,000 | $3 / $3 | 900 / 900 | 87 / 64 | 0 | 5 |
| 3 Beds | $3,183 | $3,000 | $2,550 – $4,000 | $2 / $2 | 2,223 / 2,223 | 60 / 66 | 0 | 3 |
| 4 Beds | $3,200 | $3,200 | $3,200 – $3,200 | — | — | 26 / 26 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$499,900Median DOM:16New:8Total:19
Apr 2026
Median Price:$499,900Median DOM:19New:2Total:15
May 2026
Median Price:$549,000Median DOM:24New:4Total:15
Jun 2026
Median Price:$549,000Median DOM:24New:5Total:12
Jul 2026
Median Price:$479,000Median DOM:38New:3Total:13
Aug 2026
Median Price:$479,000Median DOM:25New:0Total:12
6-Month Rental Trend
Mar 2026
Median Rent:$2,500Median DOM:35New:4Total:15
Apr 2026
Median Rent:$2,500Median DOM:37New:6Total:17
May 2026
Median Rent:$2,500Median DOM:54New:3Total:14
Jun 2026
Median Rent:$2,500Median DOM:39New:5Total:16
Jul 2026
Median Rent:$2,550Median DOM:24New:4Total:14
Aug 2026
Median Rent:$2,550Median DOM:30New:1Total:12
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving 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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