ZIP 07040 Housing Market Report
New York Metro
Report period: March 2026
07040 Monthly Market Update – March 2026
ZIP 07040 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$798,000
+1.0%
Median DOM (Sales)
23
−17.9%
New Listings (Sales)
8
−50.0%
Median Rent
$3,100
0.0%
Median DOM (Rental)
41
−10.9%
Total Rental Listings
82
+6.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (12 DOM)
- Fastest renting: Single Family (12 DOM)
- Strongest bedroom: 7 Beds ($2,299,000 median)
Sales Market Overview
Median Price
$798,000
+1.0%
Median DOM
23
−17.9%
New Listings
8
−50.0%
Inventory
60
+5.3%
- Average Price: $885,765
- Median Price: $798,000
- Price Range: $250,000 – $2,299,000
- Price per Sq Ft (Avg/Median): $370 / $378
- Square Footage (Avg/Median): 3,257 / 2,114
- Square Footage Range: 812 – 19,998
- Days on Market (Avg/Median): 43 / 23
- Days on Market Range: 2 – 364
- New Listings: 8
- Total Listings: 60
Sales by Property Type
Condo
Avg/Median Price$356,529 / $269,900Range$250,000 – $694,000Price per Sq Ft$355 / $378Sq Ft1,202 / 960DOM35 / 29New1Total7
Multi-Family
Avg/Median Price$809,773 / $879,999Range$375,000 – $1,100,000Price per Sq Ft$292 / $327Sq Ft5,992 / 2,688DOM59 / 37New0Total11
Single Family
Avg/Median Price$1,023,442 / $879,000Range$269,900 – $2,299,000Price per Sq Ft$425 / $433Sq Ft2,319 / 1,700DOM31 / 12New7Total40
Townhouse
Avg/Median Price$402,500 / $399,000Range$399,000 – $405,999Price per Sq Ft—Sq Ft—DOM227 / 90New0Total2
Sales by Bedroom Count
1 Beds
Avg:$267,433Median:$269,900Range:$250,000 – $275,000PSF:$323 / $308Sq Ft:812 / 812DOM:31 / 28New:2Total:6
2 Beds
Avg:$503,862Median:$390,000Range:$365,000 – $829,000PSF:$379 / $378Sq Ft:1,398 / 960DOM:44 / 26New:1Total:8
3 Beds
Avg:$641,190Median:$599,000Range:$375,000 – $879,000PSF:$286 / $347Sq Ft:7,632 / 1,700DOM:75 / 12New:2Total:10
4 Beds
Avg:$983,000Median:$959,000Range:$650,000 – $1,699,000PSF:$460 / $449Sq Ft:2,127 / 2,114DOM:36 / 12New:2Total:16
5 Beds
Avg:$1,130,625Median:$900,000Range:$599,000 – $1,899,000PSF:—Sq Ft:—DOM:33 / 14New:1Total:8
6 Beds
Avg:$1,275,136Median:$1,100,000Range:$599,000 – $1,999,000PSF:$381 / $378Sq Ft:3,070 / 2,688DOM:43 / 26New:0Total:11
7 Beds
Avg:$2,299,000Median:$2,299,000Range:$2,299,000 – $2,299,000PSF:—Sq Ft:—DOM:3 / 3New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $267,433 | $269,900 | $250,000 – $275,000 | $323 / $308 | 812 / 812 | 31 / 28 | 2 | 6 |
| 2 Beds | $503,862 | $390,000 | $365,000 – $829,000 | $379 / $378 | 1,398 / 960 | 44 / 26 | 1 | 8 |
| 3 Beds | $641,190 | $599,000 | $375,000 – $879,000 | $286 / $347 | 7,632 / 1,700 | 75 / 12 | 2 | 10 |
| 4 Beds | $983,000 | $959,000 | $650,000 – $1,699,000 | $460 / $449 | 2,127 / 2,114 | 36 / 12 | 2 | 16 |
| 5 Beds | $1,130,625 | $900,000 | $599,000 – $1,899,000 | — | — | 33 / 14 | 1 | 8 |
| 6 Beds | $1,275,136 | $1,100,000 | $599,000 – $1,999,000 | $381 / $378 | 3,070 / 2,688 | 43 / 26 | 0 | 11 |
| 7 Beds | $2,299,000 | $2,299,000 | $2,299,000 – $2,299,000 | — | — | 3 / 3 | 0 | 1 |
Rental Market Overview
Median Rent
$3,100
0.0%
Median DOM
41
−10.9%
New Listings
14
Inventory
82
+6.5%
- Average Rent: $3,281
- Median Rent: $3,100
- Rent Range: $590 – $9,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,343 / 1,150
- Square Footage Range: 636 – 3,700
- Days on Market (Avg/Median): 71 / 41
- Days on Market Range: 1 – 343
- New Listings: 14
- Total Listings: 82
Rentals by Property Type
Apartment
$2,900
Median DOM: 58
Inventory: 13
MoM: 0.0%
Condo
$2,450
Median DOM: 54
Inventory: 11
MoM: 0.0%
Single Family
$3,495
Median DOM: 12
Inventory: 24
MoM: 0.0%
Townhouse
$2,350
Median DOM: 21
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,832 / $2,900Range$1,850 – $3,800Rent per Sq Ft$2 / $3Sq Ft1,583 / 1,105DOM143 / 58New1Total13
Condo
Avg/Median Rent$3,108 / $2,450Range$1,900 – $5,995Rent per Sq Ft$3 / $2Sq Ft1,546 / 1,100DOM103 / 54New1Total11
Multi-Family
Avg/Median Rent$3,265 / $3,100Range$1,850 – $9,000Rent per Sq Ft$3 / $3Sq Ft1,310 / 1,177DOM69 / 63New4Total33
Single Family
Avg/Median Rent$3,665 / $3,495Range$590 – $5,750Rent per Sq Ft$4 / $4Sq Ft1,051 / 1,150DOM29 / 12New8Total24
Townhouse
Avg/Median Rent$2,350 / $2,350Range$2,350 – $2,350Rent per Sq Ft—Sq Ft—DOM21 / 21New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,850Median:$1,850Range:$1,850 – $1,850PSF:—Sq Ft:—DOM:56 / 56New:0Total:1
1 Beds
Avg:$2,311Median:$2,250Range:$1,850 – $3,195PSF:$3 / $3Sq Ft:1,240 / 830DOM:60 / 32New:4Total:15
2 Beds
Avg:$3,259Median:$3,200Range:$590 – $5,250PSF:$3 / $3Sq Ft:1,359 / 1,170DOM:87 / 66New:5Total:40
3 Beds
Avg:$3,489Median:$2,950Range:$2,500 – $9,000PSF:$3 / $3Sq Ft:1,218 / 1,100DOM:57 / 32New:3Total:18
4 Beds
Avg:$4,898Median:$4,950Range:$3,390 – $5,750PSF:—Sq Ft:—DOM:28 / 19New:1Total:6
5 Beds
Avg:$5,995Median:$5,995Range:$5,995 – $5,995PSF:$2 / $2Sq Ft:2,900 / 2,900DOM:2 / 2New:1Total:1
7 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:—Sq Ft:—DOM:185 / 185New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,850 | $1,850 | $1,850 – $1,850 | — | — | 56 / 56 | 0 | 1 |
| 1 Beds | $2,311 | $2,250 | $1,850 – $3,195 | $3 / $3 | 1,240 / 830 | 60 / 32 | 4 | 15 |
| 2 Beds | $3,259 | $3,200 | $590 – $5,250 | $3 / $3 | 1,359 / 1,170 | 87 / 66 | 5 | 40 |
| 3 Beds | $3,489 | $2,950 | $2,500 – $9,000 | $3 / $3 | 1,218 / 1,100 | 57 / 32 | 3 | 18 |
| 4 Beds | $4,898 | $4,950 | $3,390 – $5,750 | — | — | 28 / 19 | 1 | 6 |
| 5 Beds | $5,995 | $5,995 | $5,995 – $5,995 | $2 / $2 | 2,900 / 2,900 | 2 / 2 | 1 | 1 |
| 7 Beds | $4,000 | $4,000 | $4,000 – $4,000 | — | — | 185 / 185 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$750,000Median DOM:23New:25Total:88
Nov 2025
Median Price:$749,000Median DOM:25New:12Total:79
Dec 2025
Median Price:$749,000Median DOM:25New:11Total:54
Jan 2026
Median Price:$699,999Median DOM:29New:22Total:52
Feb 2026
Median Price:$790,000Median DOM:28New:16Total:57
Mar 2026
Median Price:$798,000Median DOM:23New:8Total:60
6-Month Rental Trend
Oct 2025
Median Rent:$3,000Median DOM:43New:17Total:65
Nov 2025
Median Rent:$2,950Median DOM:59New:11Total:64
Dec 2025
Median Rent:$3,000Median DOM:70New:16Total:65
Jan 2026
Median Rent:$3,100Median DOM:40New:20Total:72
Feb 2026
Median Rent:$3,100Median DOM:46New:24Total:77
Mar 2026
Median Rent:$3,100Median DOM:41New:14Total:82
Key Market Takeaways
Median sale prices moved higher 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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