The 07042 housing market is most competitive. The median sale price of a home in 07042 was $1.2M over the last 3 months, down 3.8% since the same period last year. The median sale price per square foot in 07042 is $606, up 8.6% since last year.
Over the three months ending August 2026, 07042 home prices were down 3.8% compared to the same period last year, selling for a median price of $1.2M. On average, homes in 07042 sell after 17 days on the market compared to 53 days last year. There were 93 homes sold in August this year, up from 83 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,154,500
-3.8% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
07042, NJ
$1,154,500
-3.8%
United States
To compare other locations to the 07042 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Jersey add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in 07042
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 07042 housing market?
07042 is most competitive. Homes sell in 17 days.
0
100
91
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 20% above list price and go pending in around 17 days.
Hot homes
can sell for about 37% above list price and go pending in around 13 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 07042 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07042.
Flood Factor - Moderate
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07042 has a moderate risk of flooding. 211 properties in 07042 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in 07042. Flood risk is increasing faster than the national average.
9% of properties are at risk of wildfire over the next 30 years
Fire Factor
07042 has a moderate risk of wildfire. There are 637 properties in 07042 that have some risk of being affected by wildfire over the next 30 years. This represents 9% of all properties in 07042.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
07042 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07042 is most at risk from hurricanes. 6,909 properties in 07042 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 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 90 mph.