The 07055 housing market is very competitive. The median sale price of a home in 07055 was $570K last month, up 0.4% since last year. The median sale price per square foot in 07055 is $332, up 16.5% since last year.
In May 2025, 07055 home prices were up 0.4% compared to last year, selling for a median price of $570K. On average, homes in 07055 sell after 65 days on the market compared to 43 days last year. There were 30 homes sold in May this year, down from 37 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$570,000
+0.4% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
07055, NJ
$570,000
+0.4%
United States
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How hot is the 07055 housing market?
07055 is very competitive. Homes sell in 43 days.
0
100
76
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 43 days.
Hot homes
can sell for about 8% above list price and go pending in around 18 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 07055 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 07055.
Flood Factor - Major
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
07055 has a major risk of flooding. 1,342 properties in 07055 are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in 07055. 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
07055 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 07055 is most at risk from hurricanes. 7,906 properties in 07055 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 79 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 87 mph.