The 07003 housing market is somewhat competitive. Homes in 07003 receive 5 offers on average and sell in around 59 days. The median sale price of a home in 07003 was $625K last month, down 4.6% since last year. The median sale price per square foot in 07003 is $360, down 7.0% since last year.
In July 2025, 07003 home prices were down 4.6% compared to last year, selling for a median price of $625K. On average, homes in 07003 sell after 59 days on the market compared to 21 days last year. There were 104 homes sold in July this year, down from 109 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$625,000
-4.6% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
07003, NJ
$625,000
-4.6%
United States
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How hot is the 07003 housing market?
07003 is somewhat competitive. Homes sell in 61.5 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 8% above list price and go pending in around 62 days.
Hot homes
can sell for about 17% above list price and go pending in around 42 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 07003 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07003.
Flood Factor - Moderate
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07003 has a moderate risk of flooding. 2,806 properties in 07003 are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in 07003. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07003 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07003 is most at risk from hurricanes. 11,916 properties in 07003 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 92 mph.