07083 Housing Market

$575,260

2.7% 1-yr

The average 07083 home value is $575,260, up 2.7% over the past year and goes to pending in around 22 days.

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

07083 Key Takeaways

Typical Home Values: $575,260

1-year Value Change: +2.7%

(Data through September 30, 2025)

07083 Housing Market Overview

1.5%1-year Market Forecast(September 30, 2025)

112For sale inventory(September 30, 2025)

44New listings(September 30, 2025)

1.046Median sale to list ratio(August 31, 2025)

$573,333Median sale price(August 31, 2025)

$594,333Median list price(September 30, 2025)

87.3%Percent of sales over list price(August 31, 2025)

8.0%Percent of sales under list price(August 31, 2025)

22Median days to pending(September 30, 2025)

(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
07033$636,016
07088$482,719
07204$541,290
07205$515,188
07040$908,155
07208$574,670
07111$403,678
07041$1,209,236
07203$511,530

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07083 Rental Market Trends

$2,446Average rent in 07083(September 30, 2025)

$1,979National average rent(September 30, 2025)

-1.5%Month-over-month change(September 30, 2025)

6.9%Year-over-year change(September 30, 2025)

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.