07078 Housing Market

$2,272,355

3.7% 1-yr

The average 07078 home value is $2,272,355, up 3.7% 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

07078 Key Takeaways

Typical Home Values: $2,272,355

1-year Value Change: +3.7%

(Data through June 30, 2025)

07078 Housing Market Overview

1.4%1-year Market Forecast(June 30, 2025)

39For sale inventory(June 30, 2025)

18New listings(June 30, 2025)

--Median sale to list ratio

--Median sale price(May 31, 2025)

$2,545,333Median list price(June 30, 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
07041$1,238,432
07901$1,286,612
07088$498,885
07039$1,039,531
07081$719,038
07040$942,439
07079$1,071,360
07932$999,537
07928$1,295,451

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07078 Rental Market Trends

$6,474Average rent in 07078(June 30, 2025)

$2,069National average rent(June 30, 2025)

-4.2%Month-over-month change(June 30, 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.