Is ZIP 07031, NJ 07031 a buyer’s or seller’s market?

Balanced As of 2026-08-31 · Source: Redfin

ZIP 07031 is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.2Under 4 months = seller’s market

Sold above list74.9%Share of recent sales

Median sale-to-list104%Sold price ÷ list price

Median days on market63Listing to accepted offer

Median price per sq ft$434▲ +13.3% vs. last year

Run the numbers for 07031

Prefilled for 07031Can 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 07010 07010Balanced $440 /sq ft ZIP 07020 07020Buyer’s market $525 /sq ft ZIP 07022 07022Balanced $389 /sq ft ZIP 07024 07024Balanced $448 /sq ft Browse all markets →

Market data describes housing activity only.