ZIP 07031 Housing Market Report
New York Metro
Report period: March 2026
07031 Monthly Market Update – March 2026
ZIP 07031 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$749,000
−0.8%
Median DOM (Sales)
34
−17.1%
New Listings (Sales)
3
−66.7%
Median Rent
$2,200
0.0%
Median DOM (Rental)
32
−25.6%
Total Rental Listings
76
+15.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (9 DOM)
- Fastest renting: Condo (29 DOM)
- Strongest bedroom: 6 Beds ($975,000 median)
Sales Market Overview
Median Price
$749,000
−0.8%
Median DOM
34
−17.1%
New Listings
3
−66.7%
Inventory
34
+3.0%
- Average Price: $728,223
- Median Price: $749,000
- Price Range: $299,000 – $1,280,000
- Price per Sq Ft (Avg/Median): $356 / $328
- Square Footage (Avg/Median): 2,397 / 2,108
- Square Footage Range: 692 – 5,075
- Days on Market (Avg/Median): 50 / 34
- Days on Market Range: 3 – 188
- New Listings: 3
- Total Listings: 34
Sales by Property Type
Condo
Avg/Median Price$299,000 / $299,000Range$299,000 – $299,000Price per Sq Ft$432 / $432Sq Ft692 / 692DOM9 / 9New1Total1
Multi-Family
Avg/Median Price$976,250 / $875,000Range$775,000 – $1,280,000Price per Sq Ft$355 / $328Sq Ft3,113 / 2,664DOM36 / 34New0Total4
Single Family
Avg/Median Price$699,608 / $639,999Range$475,000 – $1,125,000Price per Sq Ft$359 / $403Sq Ft2,248 / 2,108DOM55 / 24New2Total24
Townhouse
Avg/Median Price$753,000 / $749,000Range$729,000 – $779,000Price per Sq Ft$270 / $270Sq Ft2,700 / 2,700DOM48 / 48New0Total5
Sales by Bedroom Count
1 Beds
Avg:$299,000Median:$299,000Range:$299,000 – $299,000PSF:$432 / $432Sq Ft:692 / 692DOM:9 / 9New:1Total:1
2 Beds
Avg:$712,500Median:$749,000Range:$510,000 – $779,000PSF:$270 / $270Sq Ft:2,700 / 2,700DOM:42 / 34New:0Total:6
3 Beds
Avg:$600,478Median:$595,000Range:$475,000 – $850,000PSF:$374 / $439Sq Ft:2,006 / 1,480DOM:42 / 16New:2Total:14
4 Beds
Avg:$791,650Median:$775,000Range:$619,900 – $950,000PSF:$444 / $403Sq Ft:1,854 / 1,600DOM:52 / 24New:0Total:6
5 Beds
Avg:$933,000Median:$849,000Range:$825,000 – $1,125,000PSF:$272 / $272Sq Ft:3,116 / 3,116DOM:85 / 72New:0Total:3
6 Beds
Avg:$1,057,500Median:$975,000Range:$875,000 – $1,280,000PSF:$290 / $252Sq Ft:3,870 / 2,664DOM:76 / 41New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $299,000 | $299,000 | $299,000 – $299,000 | $432 / $432 | 692 / 692 | 9 / 9 | 1 | 1 |
| 2 Beds | $712,500 | $749,000 | $510,000 – $779,000 | $270 / $270 | 2,700 / 2,700 | 42 / 34 | 0 | 6 |
| 3 Beds | $600,478 | $595,000 | $475,000 – $850,000 | $374 / $439 | 2,006 / 1,480 | 42 / 16 | 2 | 14 |
| 4 Beds | $791,650 | $775,000 | $619,900 – $950,000 | $444 / $403 | 1,854 / 1,600 | 52 / 24 | 0 | 6 |
| 5 Beds | $933,000 | $849,000 | $825,000 – $1,125,000 | $272 / $272 | 3,116 / 3,116 | 85 / 72 | 0 | 3 |
| 6 Beds | $1,057,500 | $975,000 | $875,000 – $1,280,000 | $290 / $252 | 3,870 / 2,664 | 76 / 41 | 0 | 4 |
Rental Market Overview
Median Rent
$2,200
0.0%
Median DOM
32
−25.6%
New Listings
14
Inventory
76
+15.2%
- Average Rent: $2,312
- Median Rent: $2,200
- Rent Range: $1,550 – $5,495
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 988 / 750
- Square Footage Range: 550 – 2,544
- Days on Market (Avg/Median): 51 / 32
- Days on Market Range: 2 – 195
- New Listings: 14
- Total Listings: 76
Rentals by Property Type
Apartment
$2,050
Median DOM: 30
Inventory: 24
MoM: 0.0%
Condo
$2,150
Median DOM: 29
Inventory: 3
MoM: 0.0%
Single Family
$3,300
Median DOM: 65
Inventory: 6
MoM: 0.0%
Townhouse
$2,600
Median DOM: —
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,113 / $2,050Range$1,700 – $3,000Rent per Sq Ft$3 / $3Sq Ft660 / 550DOM60 / 30New2Total24
Condo
Avg/Median Rent$2,117 / $2,150Range$2,000 – $2,200Rent per Sq Ft$3 / $3Sq Ft760 / 760DOM44 / 29New1Total3
Multi-Family
Avg/Median Rent$2,279 / $2,300Range$1,550 – $3,100Rent per Sq Ft$3 / $3Sq Ft750 / 750DOM44 / 32New10Total42
Single Family
Avg/Median Rent$3,391 / $3,300Range$1,650 – $5,495Rent per Sq Ft$2 / $2Sq Ft1,917 / 2,200DOM76 / 65New1Total6
Townhouse
Avg/Median Rent$2,600 / $2,600Range$2,600 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,104 / 1,104DOM—New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,900Median:$1,900Range:$1,900 – $1,900PSF:—Sq Ft:—DOM:14 / 14New:0Total:2
1 Beds
Avg:$1,957Median:$2,000Range:$1,550 – $2,300PSF:$3 / $3Sq Ft:682 / 675DOM:51 / 29New:6Total:32
2 Beds
Avg:$2,350Median:$2,300Range:$1,900 – $3,000PSF:$3 / $2Sq Ft:871 / 959DOM:54 / 37New:6Total:26
3 Beds
Avg:$2,800Median:$2,650Range:$2,350 – $3,750PSF:$2 / $2Sq Ft:1,604 / 1,008DOM:38 / 32New:2Total:14
4 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:—Sq Ft:—DOM:125 / 125New:0Total:1
5 Beds
Avg:$5,495Median:$5,495Range:$5,495 – $5,495PSF:$2 / $2Sq Ft:2,544 / 2,544DOM:139 / 139New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,900 | $1,900 | $1,900 – $1,900 | — | — | 14 / 14 | 0 | 2 |
| 1 Beds | $1,957 | $2,000 | $1,550 – $2,300 | $3 / $3 | 682 / 675 | 51 / 29 | 6 | 32 |
| 2 Beds | $2,350 | $2,300 | $1,900 – $3,000 | $3 / $2 | 871 / 959 | 54 / 37 | 6 | 26 |
| 3 Beds | $2,800 | $2,650 | $2,350 – $3,750 | $2 / $2 | 1,604 / 1,008 | 38 / 32 | 2 | 14 |
| 4 Beds | $3,500 | $3,500 | $3,500 – $3,500 | — | — | 125 / 125 | 0 | 1 |
| 5 Beds | $5,495 | $5,495 | $5,495 – $5,495 | $2 / $2 | 2,544 / 2,544 | 139 / 139 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$749,000Median DOM:23New:11Total:32
Nov 2025
Median Price:$749,000Median DOM:27New:6Total:31
Dec 2025
Median Price:$749,000Median DOM:30New:10Total:26
Jan 2026
Median Price:$755,000Median DOM:45New:7Total:31
Feb 2026
Median Price:$755,000Median DOM:41New:9Total:33
Mar 2026
Median Price:$749,000Median DOM:34New:3Total:34
6-Month Rental Trend
Oct 2025
Median Rent:$2,300Median DOM:42New:15Total:62
Nov 2025
Median Rent:$2,350Median DOM:48New:15Total:60
Dec 2025
Median Rent:$2,350Median DOM:54New:12Total:59
Jan 2026
Median Rent:$2,300Median DOM:51New:15Total:60
Feb 2026
Median Rent:$2,200Median DOM:43New:22Total:66
Mar 2026
Median Rent:$2,200Median DOM:32New:14Total:76
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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