$3,570
2 bd1 ba1,635 sqft
17 Madison Ave APT 12
07940 Housing Market
$1,021,393
4.4% 1-yrThe average 07940 home value is $1,021,393, up 4.4% 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.
07940 Key Takeaways
Typical Home Values: $1,021,393
1-year Value Change: +4.4%
(Data through May 31, 2025)
07940 Housing Market Overview
0.6%1-year Market Forecast(May 31, 2025)
24For sale inventory(May 31, 2025)
15New listings(May 31, 2025)
--Median sale to list ratio
--Median sale price(April 30, 2025)
$1,386,667Median list price(May 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.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
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07940 Rental Market Trends
$2,859Average rent in 07940(May 31, 2025)
$2,049National average rent(May 31, 2025)
-2.2%Month-over-month change(May 31, 2025)
4.1%Year-over-year change(May 31, 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.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
