Is ZIP 07016, NJ 07016 a buyer’s or seller’s market?

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

ZIP 07016 is a seller’s market. With about 1.1 months of supply and 71% 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 supply1.1Under 4 months = seller’s market

Sold above list71%Share of recent sales

Median sale-to-list106.3%Sold price ÷ list price

Median days on market14Listing to accepted offer

Median price per sq ft$469▲ +0.9% vs. last year

Run the numbers for 07016

Prefilled for 07016Can 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 07023 07023Seller’s market $465 /sq ft ZIP 07027 07027Seller’s market $422 /sq ft ZIP 07033 07033Seller’s market $471 /sq ft ZIP 07036 07036Seller’s market $463 /sq ft Browse all markets →

Market data describes housing activity only.