ZIP 07088 Housing Market Report
New York Metro
Report period: May 2026
07088 Monthly Market Update – May 2026
ZIP 07088 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,900
0.0%
Median DOM (Sales)
19
0.0%
New Listings (Sales)
2
0.0%
Median Rent
$2,450
−2.0%
Median DOM (Rental)
49
+32.4%
Total Rental Listings
16
−5.9%
Month-over-Month Movement
Median sale prices were flat. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Apartment (49 DOM)
- Strongest bedroom: 3 Beds ($749,000 median)
Sales Market Overview
Median Price
$499,900
0.0%
Median DOM
19
0.0%
New Listings
2
0.0%
Inventory
14
−6.7%
- Average Price: $558,407
- Median Price: $499,900
- Price Range: $240,000 – $950,000
- Price per Sq Ft (Avg/Median): $211 / $250
- Square Footage (Avg/Median): 7,932 / 1,998
- Square Footage Range: 1,800 – 19,998
- Days on Market (Avg/Median): 48 / 19
- Days on Market Range: 6 – 236
- New Listings: 2
- Total Listings: 14
Sales by Property Type
Condo
Avg/Median Price$289,966 / $299,999Range$240,000 – $329,900Price per Sq Ft—Sq Ft—DOM18 / 19New0Total3
Land
Avg/Median Price$950,000 / $950,000Range$950,000 – $950,000Price per Sq Ft—Sq Ft—DOM236 / 236New0Total1
Multi-Family
Avg/Median Price$635,780 / $640,000Range$499,900 – $850,000Price per Sq Ft$211 / $250Sq Ft7,932 / 1,998DOM22 / 13New0Total5
Single Family
Avg/Median Price$517,475 / $495,000Range$350,000 – $725,000Price per Sq Ft—Sq Ft—DOM21 / 7New2Total4
Townhouse
Avg/Median Price$749,000 / $749,000Range$749,000 – $749,000Price per Sq Ft—Sq Ft—DOM192 / 192New0Total1
Sales by Bedroom Count
1 Beds
Avg:$367,500Median:$240,000Range:$240,000 – $495,000PSF:—Sq Ft:—DOM:11 / 7New:1Total:2
2 Beds
Avg:$326,633Median:$329,900Range:$299,999 – $350,000PSF:—Sq Ft:—DOM:15 / 19New:1Total:3
3 Beds
Avg:$749,000Median:$749,000Range:$749,000 – $749,000PSF:—Sq Ft:—DOM:192 / 192New:0Total:1
4 Beds
Avg:$626,225Median:$640,000Range:$499,900 – $725,000PSF:$356 / $356Sq Ft:1,800 / 1,800DOM:24 / 13New:0Total:4
6 Beds
Avg:$632,967Median:$549,000Range:$499,900 – $850,000PSF:$139 / $27Sq Ft:10,998 / 1,998DOM:28 / 21New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $367,500 | $240,000 | $240,000 – $495,000 | — | — | 11 / 7 | 1 | 2 |
| 2 Beds | $326,633 | $329,900 | $299,999 – $350,000 | — | — | 15 / 19 | 1 | 3 |
| 3 Beds | $749,000 | $749,000 | $749,000 – $749,000 | — | — | 192 / 192 | 0 | 1 |
| 4 Beds | $626,225 | $640,000 | $499,900 – $725,000 | $356 / $356 | 1,800 / 1,800 | 24 / 13 | 0 | 4 |
| 6 Beds | $632,967 | $549,000 | $499,900 – $850,000 | $139 / $27 | 10,998 / 1,998 | 28 / 21 | 0 | 3 |
Rental Market Overview
Median Rent
$2,450
−2.0%
Median DOM
49
+32.4%
New Listings
0
Inventory
16
−5.9%
- Average Rent: $2,505
- Median Rent: $2,450
- Rent Range: $1,400 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,357 / 860
- Square Footage Range: 700 – 3,363
- Days on Market (Avg/Median): 55 / 49
- Days on Market Range: 22 – 96
- New Listings: 0
- Total Listings: 16
Rentals by Property Type
Apartment
$3,000
Median DOM: 49
Inventory: 3
MoM: −2.0%
Condo
—
Median DOM: —
Inventory: —
MoM: −2.0%
Single Family
$2,775
Median DOM: 49
Inventory: 5
MoM: −2.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −2.0%
Apartment
Avg/Median Rent$2,917 / $3,000Range$2,450 – $3,300Rent per Sq Ft$2 / $1Sq Ft2,182 / 1,000DOM51 / 49New0Total3
Multi-Family
Avg/Median Rent$2,281 / $2,400Range$1,400 – $3,000Rent per Sq Ft$2 / $2Sq Ft780 / 700DOM59 / 50New0Total8
Single Family
Avg/Median Rent$2,615 / $2,775Range$1,400 – $3,500Rent per Sq Ft$2 / $2Sq Ft860 / 860DOM52 / 49New0Total5
Rentals by Bedroom Count
1 Beds
Avg:$1,417Median:$1,400Range:$1,400 – $1,450PSF:$2 / $2Sq Ft:807 / 860DOM:38 / 38New:0Total:3
2 Beds
Avg:$2,667Median:$2,500Range:$2,200 – $3,000PSF:—Sq Ft:—DOM:55 / 41New:0Total:6
3 Beds
Avg:$2,605Median:$2,450Range:$2,400 – $3,000PSF:$2 / $2Sq Ft:1,000 / 1,000DOM:66 / 64New:0Total:5
4 Beds
Avg:$3,400Median:$3,300Range:$3,300 – $3,500PSF:$1 / $1Sq Ft:3,363 / 3,363DOM:55 / 49New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,417 | $1,400 | $1,400 – $1,450 | $2 / $2 | 807 / 860 | 38 / 38 | 0 | 3 |
| 2 Beds | $2,667 | $2,500 | $2,200 – $3,000 | — | — | 55 / 41 | 0 | 6 |
| 3 Beds | $2,605 | $2,450 | $2,400 – $3,000 | $2 / $2 | 1,000 / 1,000 | 66 / 64 | 0 | 5 |
| 4 Beds | $3,400 | $3,300 | $3,300 – $3,500 | $1 / $1 | 3,363 / 3,363 | 55 / 49 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$435,000Median DOM:37New:2Total:10
Jan 2026
Median Price:$410,000Median DOM:60New:1Total:8
Feb 2026
Median Price:$425,000Median DOM:43New:4Total:12
Mar 2026
Median Price:$499,900Median DOM:16New:8Total:19
Apr 2026
Median Price:$499,900Median DOM:19New:2Total:15
May 2026
Median Price:$499,900Median DOM:19New:2Total:14
6-Month Rental Trend
Dec 2025
Median Rent:$2,400Median DOM:51New:6Total:13
Jan 2026
Median Rent:$2,650Median DOM:31New:9Total:17
Feb 2026
Median Rent:$2,650Median DOM:41New:1Total:18
Mar 2026
Median Rent:$2,500Median DOM:35New:4Total:15
Apr 2026
Median Rent:$2,500Median DOM:37New:6Total:17
May 2026
Median Rent:$2,450Median DOM:49New:0Total:16
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, 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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