07723 Housing Market

$3,839,027

2.7% 1-yr

The average 07723 home value is $3,839,027, up 2.7% 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

07723 Key Takeaways

Typical Home Values: $3,839,027

1-year Value Change: +2.7%

(Data through August 31, 2025)

07723 Housing Market Overview

1.2%1-year Market Forecast(August 31, 2025)

11For sale inventory(August 31, 2025)

--New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

--Median list price(August 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
07711$2,184,020
07755$966,764
07756$902,725
07764$938,634
07712$709,178
07740$775,654
07720$1,047,003
07717$1,631,288
07757$882,462

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07723 Homes for Sale

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07723 Rental Market Trends

--Average rent in 07723

$2,007National average rent(August 31, 2025)

--Month-over-month change

--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.