The neighborhood’s primary market indicator is the median sold price of 1,149,000, which positions recent transaction value slightly below asking levels and suggests realized pricing is the best guide for valuation and comps in this ZIP code. neutral market temperature supports using closed sales over listings for benchmarking.

Despite a higher median listing price of 1,204,500, the median sold price of 1,149,000 indicates a pricing gap that may reflect seller optimism versus transaction reality and moderate market balance; this gap suggests careful pricing is required to avoid extended time to contract.

The median days on market is 336, signaling materially slower sales velocity relative to typical metro turnover and implying pricing friction or buyer selectivity; combined with a relatively constrained active supply in the analyzed sample, this appears to show cautious listing behavior rather than rapid churn. down rental trend and moderate interest rate pressure could be contributing to longer marketing times.

Market context: price trends are up year-over-year and market temperature is neutral, indicating modest appreciation but balanced transaction conditions; concurrently, the median market rent of 4,300 is experiencing a down trend, which may reduce investor yield sensitivity and influence demand for condos versus SFRs.

median sold price $1,149,000 is the best single indicator of realized market value in this ZIP as of May 2026; this level, when compared to the median listing price $1,204,500, suggests a modest spread that may indicate pricing friction between seller expectations and closed transactions and warrants conservative pricing guidance for sellers and appraisers.

median sold price $1,149,000 combined with a median days on market 336 points to slower sales velocity; the extended on-market duration suggests subdued transaction pace rather than acute distress, so underwriters and investors should expect longer hold times when underwriting exits.

median price per square foot $820 and median market rent $4,780 provide a snapshot of unit economics: with rents on a downtrend and price per square foot stable at this level, rental income compression may pressure short-term cashflow assumptions for buy-and-hold strategies.

Price momentum and market balance indicators are mixed: the price year-over-year trend is up while market temperature is neutral and interest rate pressure is moderate, so the market appears balanced—buyers and sellers should expect incremental appreciation but continued sensitivity to financing costs.