Allendale, NJ 07401 Real Estate Market Report

ZIP Code: 07401
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Allendale, NJ is characterized by a median sold price of $980,500, reflecting a stable market environment. The neighborhood has experienced an up trend in prices year-over-year, indicating a positive shift in market value. However, the median days on market stands at 290, suggesting a slower sales velocity and potentially indicating pricing friction as buyers take their time to make decisions in the current environment.

Inventory conditions appear to be marked by elevated levels, with excess supply relative to sales activity. This may indicate a shift towards a more balanced market, as the median market rent is recorded at $3,760, which has seen a down trend year-over-year, suggesting softening rental demand. Overall, while the market remains neutral, these dynamics point to a cautious approach for both buyers and sellers as they navigate the current landscape.

---

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

Note: 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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Allendale, NJ are averaging 6.38% as of March 26, 2026, which is 0.3% higher than the 6.67% average recorded a year ago.

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

---

Key Findings

1. The median sold price of $980,500 reflects a stable market value in Allendale, NJ.

2. With 290 days on the market, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. The median market rent of $3,760 has trended down, suggesting softening rental demand in the area.

4. Year-over-year price trends are up, indicating a positive shift in market value despite elevated inventory levels.

5. Current interest rate pressure is moderate, which may influence buyer sentiment and market activity.

---

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.