ZIP 07042 Housing Market Report

New York Metro

Report period: March 2026

07042 Monthly Market Update – March 2026

ZIP 07042 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026

Executive Snapshot

Median Sale Price
$1,025,000
−6.7%
Median DOM (Sales)
20
−23.1%
New Listings (Sales)
14
−12.5%
Median Rent
$2,600
+2.0%
Median DOM (Rental)
32
+3.2%
Total Rental Listings
185
−2.1%

Month-over-Month Movement

Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.

What's Moving Fastest

  • Fastest selling: Single Family (14 DOM)
  • Fastest renting: Condo (14 DOM)
  • Strongest bedroom: 6 Beds ($1,450,000 median)

Sales Market Overview

Median Price
$1,025,000
−6.7%
Median DOM
20
−23.1%
New Listings
14
−12.5%
Inventory
65
+6.6%
  • Average Price: $1,134,181
  • Median Price: $1,025,000
  • Price Range: $245,000 – $3,295,000
  • Price per Sq Ft (Avg/Median): $420 / $436
  • Square Footage (Avg/Median): 4,175 / 2,580
  • Square Footage Range: 575 – 19,998
  • Days on Market (Avg/Median): 29 / 20
  • Days on Market Range: 2 – 149
  • New Listings: 14
  • Total Listings: 65

Sales by Property Type

Condo
Avg/Median Price$608,235 / $425,000Range$245,000 – $1,695,000Price per Sq Ft$462 / $418Sq Ft1,692 / 1,067DOM28 / 21New1Total17
Multi-Family
Avg/Median Price$1,197,799 / $1,199,000Range$499,000 – $1,950,000Price per Sq Ft$383 / $438Sq Ft6,590 / 2,600DOM37 / 37New3Total15
Single Family
Avg/Median Price$1,376,205 / $1,200,000Range$559,000 – $3,295,000Price per Sq Ft$410 / $421Sq Ft4,299 / 4,734DOM27 / 14New10Total33

Sales by Bedroom Count

1 Beds
Avg:$358,700Median:$319,000Range:$245,000 – $475,000PSF:$479 / $445Sq Ft:751 / 737DOM:24 / 13New:1Total:10
2 Beds
Avg:$807,750Median:$550,000Range:$425,000 – $1,250,000PSF:$266 / $63Sq Ft:10,770 / 1,769DOM:30 / 29New:0Total:8
3 Beds
Avg:$899,666Median:$825,000Range:$649,000 – $1,200,000PSF:$346 / $120Sq Ft:3,616 / 1,833DOM:23 / 12New:2Total:6
4 Beds
Avg:$921,173Median:$900,000Range:$559,000 – $1,280,000PSF:$499 / $499Sq Ft:1,680 / 1,680DOM:19 / 16New:4Total:11
5 Beds
Avg:$1,366,545Median:$1,299,000Range:$999,000 – $1,850,000PSF:$415 / $414Sq Ft:3,590 / 3,850DOM:30 / 34New:3Total:11
6 Beds
Avg:$1,897,079Median:$1,450,000Range:$988,880 – $3,295,000PSF:$507 / $421Sq Ft:3,822 / 3,550DOM:44 / 60New:3Total:11
7 Beds
Avg:$1,373,500Median:$1,299,000Range:$1,195,000 – $1,500,000PSF:Sq Ft:DOM:11 / 9New:1Total:4
8 Beds
Avg:$1,687,000Median:$1,199,000Range:$999,000 – $2,600,000PSF:$451 / $436Sq Ft:3,524 / 2,580DOM:57 / 30New:0Total:4

Rental Market Overview

Median Rent
$2,600
+2.0%
Median DOM
32
+3.2%
New Listings
18
Inventory
185
−2.1%
  • Average Rent: $2,939
  • Median Rent: $2,600
  • Rent Range: $1,300 – $8,500
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 1,022 / 800
  • Square Footage Range: 370 – 8,462
  • Days on Market (Avg/Median): 55 / 32
  • Days on Market Range: 1 – 329
  • New Listings: 18
  • Total Listings: 185

Rentals by Property Type

Apartment
$2,300
Median DOM: 35
Inventory: 53
MoM: +2.0%
Condo
$2,800
Median DOM: 14
Inventory: 14
MoM: +2.0%
Single Family
$2,600
Median DOM: 36
Inventory: 20
MoM: +2.0%
Townhouse
$4,750
Median DOM: 23
Inventory: 3
MoM: +2.0%
Apartment
Avg/Median Rent$2,491 / $2,300Range$1,300 – $6,500Rent per Sq Ft$3 / $3Sq Ft757 / 750DOM77 / 35New1Total53
Condo
Avg/Median Rent$3,167 / $2,800Range$1,749 – $6,500Rent per Sq Ft$3 / $3Sq Ft926 / 950DOM40 / 14New3Total14
Multi-Family
Avg/Median Rent$2,994 / $2,750Range$1,450 – $6,000Rent per Sq Ft$3 / $3Sq Ft1,412 / 1,000DOM47 / 34New13Total95
Single Family
Avg/Median Rent$3,570 / $2,600Range$1,599 – $8,500Rent per Sq Ft$3 / $3Sq Ft1,254 / 807DOM53 / 36New1Total20
Townhouse
Avg/Median Rent$3,833 / $4,750Range$2,000 – $4,750Rent per Sq Ft$3 / $3Sq Ft784 / 784DOM51 / 23New0Total3

Rentals by Bedroom Count

Studio
Avg:$1,854Median:$1,749Range:$1,599 – $2,500PSF:$4 / $4Sq Ft:470 / 450DOM:101 / 41New:0Total:15
1 Beds
Avg:$2,174Median:$2,100Range:$1,450 – $3,218PSF:$3 / $3Sq Ft:800 / 775DOM:41 / 25New:3Total:57
2 Beds
Avg:$3,068Median:$2,800Range:$1,400 – $6,500PSF:$3 / $3Sq Ft:977 / 900DOM:57 / 34New:12Total:78
3 Beds
Avg:$3,865Median:$3,660Range:$1,300 – $5,500PSF:$3 / $3Sq Ft:1,304 / 1,250DOM:49 / 23New:2Total:19
4 Beds
Avg:$4,592Median:$4,000Range:$3,600 – $6,950PSF:$2 / $2Sq Ft:3,058 / 2,200DOM:61 / 39New:1Total:14
5 Beds
Avg:$7,500Median:$6,500Range:$6,500 – $8,500PSF:$3 / $3Sq Ft:2,700 / 2,700DOM:87 / 27New:0Total:2

6-Month Sales Trend

Oct 2025
Median Price:$899,000Median DOM:19New:26Total:90
Nov 2025
Median Price:$899,000Median DOM:19New:17Total:84
Dec 2025
Median Price:$899,000Median DOM:27New:10Total:56
Jan 2026
Median Price:$999,000Median DOM:24New:23Total:59
Feb 2026
Median Price:$1,099,000Median DOM:26New:16Total:61
Mar 2026
Median Price:$1,025,000Median DOM:20New:14Total:65

6-Month Rental Trend

Oct 2025
Median Rent:$2,800Median DOM:42New:48Total:202
Nov 2025
Median Rent:$2,750Median DOM:34New:51Total:201
Dec 2025
Median Rent:$2,550Median DOM:38New:52Total:186
Jan 2026
Median Rent:$2,495Median DOM:37New:53Total:188
Feb 2026
Median Rent:$2,550Median DOM:31New:47Total:189
Mar 2026
Median Rent:$2,600Median DOM:32New:18Total:185

Key Market Takeaways

Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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