ZIP 07016 Housing Market Report
New York Metro
Report period: March 2026
07016 Monthly Market Update – March 2026
ZIP 07016 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$720,000
+0.1%
Median DOM (Sales)
16
−11.1%
New Listings (Sales)
4
−50.0%
Median Rent
$2,400
−4.0%
Median DOM (Rental)
36
−7.7%
Total Rental Listings
32
−13.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Condo (20 DOM)
- Strongest bedroom: 5 Beds ($1,085,000 median)
Sales Market Overview
Median Price
$720,000
+0.1%
Median DOM
16
−11.1%
New Listings
4
−50.0%
Inventory
33
0.0%
- Average Price: $820,112
- Median Price: $720,000
- Price Range: $285,000 – $1,595,000
- Price per Sq Ft (Avg/Median): $425 / $412
- Square Footage (Avg/Median): 3,137 / 2,376
- Square Footage Range: 1,308 – 8,703
- Days on Market (Avg/Median): 27 / 16
- Days on Market Range: 2 – 138
- New Listings: 4
- Total Listings: 33
Sales by Property Type
Condo
Avg/Median Price$345,000 / $315,000Range$285,000 – $435,000Price per Sq Ft—Sq Ft—DOM27 / 17New0Total4
Multi-Family
Avg/Median Price$990,000 / $990,000Range$990,000 – $990,000Price per Sq Ft—Sq Ft—DOM35 / 35New0Total1
Single Family
Avg/Median Price$903,507 / $749,000Range$429,000 – $1,595,000Price per Sq Ft$425 / $412Sq Ft3,137 / 2,376DOM27 / 15New4Total27
Townhouse
Avg/Median Price$299,000 / $299,000Range$299,000 – $299,000Price per Sq Ft—Sq Ft—DOM18 / 18New0Total1
Sales by Bedroom Count
1 Beds
Avg:$300,000Median:$285,000Range:$285,000 – $315,000PSF:—Sq Ft:—DOM:34 / 13New:0Total:2
2 Beds
Avg:$441,400Median:$435,000Range:$299,000 – $659,000PSF:—Sq Ft:—DOM:18 / 18New:0Total:5
3 Beds
Avg:$661,667Median:$699,000Range:$429,000 – $749,000PSF:$328 / $83Sq Ft:5,006 / 1,308DOM:47 / 23New:0Total:6
4 Beds
Avg:$920,984Median:$989,000Range:$599,000 – $1,299,000PSF:$484 / $412Sq Ft:1,950 / 2,000DOM:22 / 10New:4Total:13
5 Beds
Avg:$1,220,650Median:$1,085,000Range:$879,000 – $1,595,000PSF:$432 / $457Sq Ft:3,078 / 3,000DOM:21 / 14New:0Total:6
6 Beds
Avg:$990,000Median:$990,000Range:$990,000 – $990,000PSF:—Sq Ft:—DOM:35 / 35New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $300,000 | $285,000 | $285,000 – $315,000 | — | — | 34 / 13 | 0 | 2 |
| 2 Beds | $441,400 | $435,000 | $299,000 – $659,000 | — | — | 18 / 18 | 0 | 5 |
| 3 Beds | $661,667 | $699,000 | $429,000 – $749,000 | $328 / $83 | 5,006 / 1,308 | 47 / 23 | 0 | 6 |
| 4 Beds | $920,984 | $989,000 | $599,000 – $1,299,000 | $484 / $412 | 1,950 / 2,000 | 22 / 10 | 4 | 13 |
| 5 Beds | $1,220,650 | $1,085,000 | $879,000 – $1,595,000 | $432 / $457 | 3,078 / 3,000 | 21 / 14 | 0 | 6 |
| 6 Beds | $990,000 | $990,000 | $990,000 – $990,000 | — | — | 35 / 35 | 0 | 1 |
Rental Market Overview
Median Rent
$2,400
−4.0%
Median DOM
36
−7.7%
New Listings
1
Inventory
32
−13.5%
- Average Rent: $2,798
- Median Rent: $2,400
- Rent Range: $1,850 – $5,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 942 / 900
- Square Footage Range: 425 – 1,500
- Days on Market (Avg/Median): 67 / 36
- Days on Market Range: 2 – 365
- New Listings: 1
- Total Listings: 32
Rentals by Property Type
Apartment
$2,740
Median DOM: 349
Inventory: 7
MoM: −4.0%
Condo
$2,250
Median DOM: 20
Inventory: 4
MoM: −4.0%
Single Family
$2,500
Median DOM: 41
Inventory: 4
MoM: −4.0%
Townhouse
$4,000
Median DOM: 28
Inventory: 1
MoM: −4.0%
Apartment
Avg/Median Rent$2,904 / $2,740Range$1,950 – $4,800Rent per Sq Ft$3 / $3Sq Ft956 / 885DOM357 / 349New0Total7
Condo
Avg/Median Rent$2,175 / $2,250Range$1,850 – $2,300Rent per Sq Ft—Sq Ft—DOM35 / 20New0Total4
Multi-Family
Avg/Median Rent$2,631 / $2,300Range$1,850 – $4,500Rent per Sq Ft$3 / $3Sq Ft900 / 900DOM39 / 35New1Total16
Single Family
Avg/Median Rent$3,599 / $2,500Range$2,400 – $5,500Rent per Sq Ft$3 / $3Sq Ft900 / 900DOM71 / 41New0Total4
Townhouse
Avg/Median Rent$4,000 / $4,000Range$4,000 – $4,000Rent per Sq Ft—Sq Ft—DOM28 / 28New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$2,284Median:$2,200Range:$1,850 – $3,105PSF:$3 / $3Sq Ft:812 / 850DOM:93 / 31New:0Total:10
2 Beds
Avg:$2,606Median:$2,300Range:$1,875 – $4,800PSF:$3 / $3Sq Ft:1,130 / 991DOM:62 / 35New:1Total:13
3 Beds
Avg:$3,449Median:$3,900Range:$2,400 – $4,500PSF:$3 / $3Sq Ft:900 / 900DOM:63 / 60New:0Total:7
4 Beds
Avg:$4,325Median:$3,150Range:$3,150 – $5,500PSF:—Sq Ft:—DOM:29 / 16New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,284 | $2,200 | $1,850 – $3,105 | $3 / $3 | 812 / 850 | 93 / 31 | 0 | 10 |
| 2 Beds | $2,606 | $2,300 | $1,875 – $4,800 | $3 / $3 | 1,130 / 991 | 62 / 35 | 1 | 13 |
| 3 Beds | $3,449 | $3,900 | $2,400 – $4,500 | $3 / $3 | 900 / 900 | 63 / 60 | 0 | 7 |
| 4 Beds | $4,325 | $3,150 | $3,150 – $5,500 | — | — | 29 / 16 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$725,000Median DOM:15New:20Total:53
Nov 2025
Median Price:$719,000Median DOM:14New:15Total:46
Dec 2025
Median Price:$710,000Median DOM:16New:12Total:43
Jan 2026
Median Price:$699,000Median DOM:17New:13Total:39
Feb 2026
Median Price:$719,000Median DOM:18New:8Total:33
Mar 2026
Median Price:$720,000Median DOM:16New:4Total:33
6-Month Rental Trend
Oct 2025
Median Rent:$2,695Median DOM:25New:15Total:52
Nov 2025
Median Rent:$2,875Median DOM:48New:8Total:45
Dec 2025
Median Rent:$2,850Median DOM:54New:5Total:41
Jan 2026
Median Rent:$2,750Median DOM:51New:10Total:36
Feb 2026
Median Rent:$2,500Median DOM:39New:9Total:37
Mar 2026
Median Rent:$2,400Median DOM:36New:1Total:32
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market declined, signaling improving 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.
070010700207003070040700507006070080700907010070110701207013070140701607017070180702007021070220702307024070260702807029070300703107032070330703407035+110 more
← Back to New York Metro