ZIP 07111 Housing Market Report
New York Metro
Report period: May 2026
07111 Monthly Market Update – May 2026
ZIP 07111 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,000
0.0%
Median DOM (Sales)
47
+6.8%
New Listings (Sales)
13
−69.0%
Median Rent
$2,100
0.0%
Median DOM (Rental)
45
0.0%
Total Rental Listings
261
+4.8%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (41 DOM)
- Fastest renting: Condo (8 DOM)
- Strongest bedroom: Studio ($1,300,000 median)
Sales Market Overview
Median Price
$499,000
0.0%
Median DOM
47
+6.8%
New Listings
13
−69.0%
Inventory
174
−0.6%
- Average Price: $527,224
- Median Price: $499,000
- Price Range: $149,999 – $1,300,000
- Price per Sq Ft (Avg/Median): $247 / $249
- Square Footage (Avg/Median): 4,702 / 2,176
- Square Footage Range: 889 – 19,998
- Days on Market (Avg/Median): 66 / 47
- Days on Market Range: 2 – 303
- New Listings: 13
- Total Listings: 174
Sales by Property Type
Condo
Avg/Median Price$216,600 / $217,300Range$174,999 – $270,000Price per Sq Ft$244 / $244Sq Ft889 / 889DOM91 / 79New1Total7
Land
Avg/Median Price$240,000 / $250,000Range$149,999 – $320,000Price per Sq Ft—Sq Ft—DOM69 / 41New1Total11
Multi-Family
Avg/Median Price$668,931 / $650,000Range$380,000 – $1,000,000Price per Sq Ft$229 / $236Sq Ft6,271 / 3,044DOM66 / 43New8Total84
Single Family
Avg/Median Price$435,982 / $425,000Range$189,000 – $1,300,000Price per Sq Ft$286 / $292Sq Ft1,522 / 1,448DOM63 / 49New3Total72
Sales by Bedroom Count
Studio
Avg:$1,300,000Median:$1,300,000Range:$1,300,000 – $1,300,000PSF:—Sq Ft:—DOM:75 / 75New:0Total:1
1 Beds
Avg:$207,700Median:$215,000Range:$174,999 – $230,000PSF:$244 / $244Sq Ft:889 / 889DOM:97 / 79New:1Total:6
2 Beds
Avg:$377,786Median:$379,000Range:$239,000 – $565,000PSF:$350 / $296Sq Ft:1,256 / 1,250DOM:63 / 54New:0Total:7
3 Beds
Avg:$430,542Median:$424,900Range:$189,000 – $900,000PSF:$224 / $219Sq Ft:3,670 / 1,706DOM:55 / 47New:2Total:43
4 Beds
Avg:$485,480Median:$490,000Range:$210,000 – $725,000PSF:$296 / $259Sq Ft:2,689 / 1,453DOM:51 / 26New:3Total:35
5 Beds
Avg:$580,994Median:$599,000Range:$435,000 – $750,000PSF:$172 / $202Sq Ft:9,183 / 2,472DOM:78 / 54New:2Total:17
6 Beds
Avg:$716,768Median:$690,000Range:$449,000 – $900,000PSF:$225 / $236Sq Ft:6,172 / 3,815DOM:79 / 70New:4Total:32
7 Beds
Avg:$691,527Median:$679,900Range:$549,000 – $899,999PSF:$249 / $248Sq Ft:2,555 / 2,444DOM:82 / 56New:0Total:11
8 Beds
Avg:$725,545Median:$699,000Range:$600,000 – $1,000,000PSF:$203 / $280Sq Ft:8,334 / 2,503DOM:59 / 35New:0Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,300,000 | $1,300,000 | $1,300,000 – $1,300,000 | — | — | 75 / 75 | 0 | 1 |
| 1 Beds | $207,700 | $215,000 | $174,999 – $230,000 | $244 / $244 | 889 / 889 | 97 / 79 | 1 | 6 |
| 2 Beds | $377,786 | $379,000 | $239,000 – $565,000 | $350 / $296 | 1,256 / 1,250 | 63 / 54 | 0 | 7 |
| 3 Beds | $430,542 | $424,900 | $189,000 – $900,000 | $224 / $219 | 3,670 / 1,706 | 55 / 47 | 2 | 43 |
| 4 Beds | $485,480 | $490,000 | $210,000 – $725,000 | $296 / $259 | 2,689 / 1,453 | 51 / 26 | 3 | 35 |
| 5 Beds | $580,994 | $599,000 | $435,000 – $750,000 | $172 / $202 | 9,183 / 2,472 | 78 / 54 | 2 | 17 |
| 6 Beds | $716,768 | $690,000 | $449,000 – $900,000 | $225 / $236 | 6,172 / 3,815 | 79 / 70 | 4 | 32 |
| 7 Beds | $691,527 | $679,900 | $549,000 – $899,999 | $249 / $248 | 2,555 / 2,444 | 82 / 56 | 0 | 11 |
| 8 Beds | $725,545 | $699,000 | $600,000 – $1,000,000 | $203 / $280 | 8,334 / 2,503 | 59 / 35 | 0 | 11 |
Rental Market Overview
Median Rent
$2,100
0.0%
Median DOM
45
0.0%
New Listings
34
Inventory
261
+4.8%
- Average Rent: $2,132
- Median Rent: $2,100
- Rent Range: $950 – $4,600
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,247 / 920
- Square Footage Range: 250 – 9,999
- Days on Market (Avg/Median): 65 / 45
- Days on Market Range: 1 – 363
- New Listings: 34
- Total Listings: 261
Rentals by Property Type
Apartment
$1,725
Median DOM: 12
Inventory: 103
MoM: 0.0%
Condo
$2,199
Median DOM: 8
Inventory: 9
MoM: 0.0%
Single Family
$2,350
Median DOM: 61
Inventory: 18
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,894 / $1,725Range$950 – $3,200Rent per Sq Ft$2 / $2Sq Ft985 / 850DOM60 / 12New22Total103
Condo
Avg/Median Rent$2,014 / $2,199Range$1,450 – $2,500Rent per Sq Ft$2 / $2Sq Ft851 / 750DOM69 / 8New1Total9
Multi-Family
Avg/Median Rent$2,286 / $2,300Range$1,275 – $4,600Rent per Sq Ft$2 / $2Sq Ft1,761 / 1,114DOM68 / 54New8Total131
Single Family
Avg/Median Rent$2,439 / $2,350Range$1,800 – $3,500Rent per Sq Ft$2 / $1Sq Ft1,689 / 1,693DOM65 / 61New3Total18
Rentals by Bedroom Count
Studio
Avg:$1,430Median:$1,375Range:$1,125 – $2,400PSF:$3 / $3Sq Ft:438 / 500DOM:42 / 12New:5Total:19
1 Beds
Avg:$1,646Median:$1,550Range:$950 – $2,300PSF:$3 / $2Sq Ft:738 / 700DOM:85 / 18New:7Total:38
2 Beds
Avg:$1,995Median:$1,950Range:$1,500 – $2,950PSF:$2 / $2Sq Ft:1,862 / 1,000DOM:64 / 45New:13Total:94
3 Beds
Avg:$2,498Median:$2,500Range:$1,700 – $3,800PSF:$2 / $2Sq Ft:1,254 / 1,100DOM:64 / 47New:7Total:95
4 Beds
Avg:$2,545Median:$2,550Range:$1,950 – $3,000PSF:$2 / $2Sq Ft:1,248 / 1,100DOM:82 / 81New:2Total:11
5 Beds
Avg:$3,133Median:$3,200Range:$3,000 – $3,200PSF:$3 / $3Sq Ft:1,000 / 1,000DOM:8 / 1New:0Total:3
6 Beds
Avg:$4,600Median:$4,600Range:$4,600 – $4,600PSF:—Sq Ft:—DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,430 | $1,375 | $1,125 – $2,400 | $3 / $3 | 438 / 500 | 42 / 12 | 5 | 19 |
| 1 Beds | $1,646 | $1,550 | $950 – $2,300 | $3 / $2 | 738 / 700 | 85 / 18 | 7 | 38 |
| 2 Beds | $1,995 | $1,950 | $1,500 – $2,950 | $2 / $2 | 1,862 / 1,000 | 64 / 45 | 13 | 94 |
| 3 Beds | $2,498 | $2,500 | $1,700 – $3,800 | $2 / $2 | 1,254 / 1,100 | 64 / 47 | 7 | 95 |
| 4 Beds | $2,545 | $2,550 | $1,950 – $3,000 | $2 / $2 | 1,248 / 1,100 | 82 / 81 | 2 | 11 |
| 5 Beds | $3,133 | $3,200 | $3,000 – $3,200 | $3 / $3 | 1,000 / 1,000 | 8 / 1 | 0 | 3 |
| 6 Beds | $4,600 | $4,600 | $4,600 – $4,600 | — | — | 13 / 13 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$475,000Median DOM:60New:32Total:185
Jan 2026
Median Price:$465,000Median DOM:58New:47Total:187
Feb 2026
Median Price:$490,000Median DOM:45New:43Total:180
Mar 2026
Median Price:$499,000Median DOM:47New:46Total:186
Apr 2026
Median Price:$499,000Median DOM:44New:42Total:175
May 2026
Median Price:$499,000Median DOM:47New:13Total:174
6-Month Rental Trend
Dec 2025
Median Rent:$2,050Median DOM:42New:53Total:236
Jan 2026
Median Rent:$2,050Median DOM:50New:58Total:234
Feb 2026
Median Rent:$2,000Median DOM:37New:69Total:222
Mar 2026
Median Rent:$2,095Median DOM:44New:63Total:236
Apr 2026
Median Rent:$2,100Median DOM:45New:59Total:249
May 2026
Median Rent:$2,100Median DOM:45New:34Total:261
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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