Allendale, NJ 07401 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price $914,000 is the primary indicator of current market value and suggests transactions are occurring well below asking levels, so price expectation adjustments may be required for sellers to align with recent sale outcomes.
2. median days on market 360 points to slower sales velocity and extended marketing timelines, which may indicate pricing friction and suggests sellers should prepare for longer listing periods or consider targeted price/condition incentives.
3. median listing price $1,447,500 versus the median sold price $914,000 reveals a sizable gap between asking and realized values, so agents should emphasize comparable solds in negotiations and buyers should seek disciplined offers that reflect recent sale prices.
4. market temperature neutral with price year-over-year trend down and rent year-over-year trend down combined with elevated interest rate pressure (Current 30-year fixed mortgage rates average 6.53%, which is 0.78% higher than the 5.75% rates observed earlier in 2026) suggests the market is stabilizing but sensitive to financing costs, so lenders and investors should monitor rate movements closely.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.