Is ZIP 07716, NJ 07716 a buyer’s or seller’s market?

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

ZIP 07716 is a seller’s market. With about 1.1 months of supply and 54% 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 supply1.1Under 4 months = seller’s market

Sold above list53.8%Share of recent sales

Median sale-to-list103.7%Sold price ÷ list price

Median days on market22Listing to accepted offer

Median price per sq ft$474▲ +7.2% vs. last year

Run the numbers for 07716

Prefilled for 07716Can 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 07701 07701Seller’s market $472 /sq ft ZIP 07702 07702Seller’s market $497 /sq ft ZIP 07704 07704Seller’s market $778 /sq ft ZIP 07711 07711Buyer’s market $2,523 /sq ft Browse all markets →

Market data describes housing activity only.