Is ZIP 07002, NJ 07002 a buyer’s or seller’s market?

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

ZIP 07002 is a seller’s market. With about 3 months of supply and 52% 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 supply3Under 4 months = seller’s market

Sold above list52.3%Share of recent sales

Median sale-to-list101.4%Sold price ÷ list price

Median days on market29Listing to accepted offer

Median price per sq ft$354▲ +1.4% vs. last year

Run the numbers for 07002

Prefilled for 07002Can 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 07029 07029Seller’s market $340 /sq ft ZIP 07030 07030Seller’s market $974 /sq ft ZIP 07032 07032Seller’s market $364 /sq ft ZIP 07047 07047Buyer’s market $425 /sq ft Browse all markets →

Market data describes housing activity only.