Is ZIP 07407, NJ 07407 a buyer’s or seller’s market?

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

ZIP 07407 is a seller’s market. With about 3.4 months of supply and 55% 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 supply3.4Under 4 months = seller’s market

Sold above list54.5%Share of recent sales

Median sale-to-list105.3%Sold price ÷ list price

Median days on market86Listing to accepted offer

Median price per sq ft$369▼ −6.4% vs. last year

Run the numbers for 07407

Prefilled for 07407Can 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.