Is ZIP 07001, NJ 07001 a buyer’s or seller’s market?

Seller’s market As of 2026-08-31 · Source: Redfin

ZIP 07001 is a seller’s market. With about 3.5 months of supply and 67% of homes selling above list, expect competing offers on well-priced homes. Buyers here typically need a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.5Under 4 months = seller’s market

Sold above list66.6%Share of recent sales

Median sale-to-list101.6%Sold price ÷ list price

Median days on market85Listing to accepted offer

Median price per sq ft$429▲ +13.5% vs. last year

Run the numbers for 07001

Prefilled for 07001Can I win this house?Multiple-offer likelihood for a listing Coming soonOver-asking calculatorTypical range over list Coming soonOffer strength scoreHow your offer looks to a seller Coming soonAppraisal gapCash needed if it appraises low

Nearby markets

ZIP 07008 07008Balanced $355 /sq ft ZIP 07064 07064Balanced $428 /sq ft ZIP 07067 07067Seller’s market $393 /sq ft ZIP 07077 07077Buyer’s market $565 /sq ft Browse all markets →

Market data describes housing activity only.