Is ZIP 07205, NJ 07205 a buyer’s or seller’s market?

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

ZIP 07205 is a seller’s market. With about 3.5 months of supply and 66% 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 supply3.5Under 4 months = seller’s market

Sold above list65.7%Share of recent sales

Median sale-to-list102.5%Sold price ÷ list price

Median days on market33Listing to accepted offer

Median price per sq ft$353▲ +4.5% vs. last year

Run the numbers for 07205

Prefilled for 07205Can 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 07016 07016Seller’s market $469 /sq ft ZIP 07023 07023Seller’s market $465 /sq ft ZIP 07027 07027Seller’s market $422 /sq ft ZIP 07033 07033Seller’s market $471 /sq ft Browse all markets →

Market data describes housing activity only.