07078 Housing Market

$2,305,991

7.2% 1-yr

The average 07078 home value is $2,305,991, up 7.2% over the past year, and homes go to pending in around 12 days. (Updated on 3/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

07078 Key Takeaways

Typical Home Values: $2,305,991

1-Year Value Change: +7.2%

(Data through March 31, 2026)

07078 Housing Market Overview

1-Year Market Forecast: 1% (March 31, 2026)

For Sale Inventory: 30 (March 31, 2026)

New Listings: 14 (March 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $3,180,833 (March 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 12 (March 31, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
07041$1,250,845
07901$1,360,950
07088$460,535
07039$1,074,622
07081$702,092
07040$935,442
07079$1,056,720
07932$1,027,214
07928$1,311,035

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07078 Rental Market Trends

Average Rent: $5,215 (March 31, 2026)

National Average Rent: $1,910 (March 31, 2026)

Month-Over-Month Change: -4.3% (March 31, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.