Is ZIP 07074, NJ 07074 a buyer’s or seller’s market?

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

ZIP 07074 is a seller’s market. With about 3.2 months of supply and 0% 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 supply3.2Under 4 months = seller’s market

Sold above list0%Share of recent sales

Median sale-to-list95.1%Sold price ÷ list price

Median days on market60Listing to accepted offer

Median price per sq ft$320▼ −8.9% vs. last year

Run the numbers for 07074

Prefilled for 07074Can 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.