Allendale, NJ 07401 Real Estate Market Report

ZIP Code: 07401
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market-value signal, median sold price, is 1,056,000, which—alongside a hot market temperature and a up price year-over-year trend—indicates sustained upward pricing pressure on recently completed transactions.

2. The median days on market is 317, signaling a slower transaction velocity that may reflect pricing friction or a mismatch between seller expectations and buyer timing rather than broad market weakness.

3. The market shows a high median price per square foot of 432 paired with a median market rent of 3,500, and with rents trending up, this suggests continued demand fundamentals supporting both pricing and rental strength.

4. The analyzed sample indicates relatively constrained active supply in recent transactions (sample context provided), which, combined with a moderate interest rate pressure environment, may sustain pricing resilience but warrants caution on timing for leveraged buyers.

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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.

Allendale, NJ 07401 Real Estate Market Report

ZIP Code: 07401
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood's median sold price $669,000 remains the primary indicator of market value and recent transaction activity, supporting a pricing environment aligned with a hot market tone and suggesting sellers continue to capture elevated price levels.

2. Despite strong pricing, the median days on market 303 signals notably slower sales velocity compared with typical fast-turn markets and may indicate pricing friction or limited buyer turnover rather than a collapse in demand.

3. The median price per square foot 378 combined with a rent year-over-year trend up and median market rent $3,500 suggests holding or renting properties remains supported by rising rental rates, which may strengthen investor interest in SFR and condominium assets.

4. Market context shows a price year-over-year trend up and a market temperature hot while interest rate pressure moderate cautions that financing sensitivity could temper some buyer urgency, so pricing strategies should account for potential borrower constraints.

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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.