Is ZIP 07055, NJ 07055 a buyer’s or seller’s market?

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

ZIP 07055 is a seller’s market. With about 3.6 months of supply and 65% 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 supply3.6Under 4 months = seller’s market

Sold above list64.7%Share of recent sales

Median sale-to-list104.7%Sold price ÷ list price

Median days on market69Listing to accepted offer

Median price per sq ft$337▲ +7.7% vs. last year

Run the numbers for 07055

Prefilled for 07055Can 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 07011 07011Seller’s market $426 /sq ft ZIP 07012 07012Seller’s market $498 /sq ft ZIP 07013 07013Seller’s market $434 /sq ft ZIP 07014 07014Seller’s market $384 /sq ft Browse all markets →

Market data describes housing activity only.