07508 Housing Market

$627,778

5.0% 1-yr

The average 07508 home value is $627,778, up 5.0% over the past year.

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

07508 Key Takeaways

Typical Home Values: $627,778

1-year Value Change: +5.0%

(Data through July 31, 2025)

07508 Housing Market Overview

0.8%1-year Market Forecast(July 31, 2025)

52For sale inventory(July 31, 2025)

20New listings(July 31, 2025)

--Median sale to list ratio

--Median sale price(June 30, 2025)

$681,500Median list price(July 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(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
07506$623,288
07522$475,176
07524$523,102
07502$528,203
07505--
07514$533,307
07501$467,794
07452$1,046,118
07481$1,127,583

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07508 Rental Market Trends

$2,757Average rent in 07508(July 31, 2025)

$2,072National average rent(July 31, 2025)

-0.5%Month-over-month change(July 31, 2025)

--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.