Demarest, NJ 07627 Real Estate Market Report

ZIP Code: 07627
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Demarest, NJ are averaging 6.3%, reflecting a stable market environment for property owners compared to the volatility seen earlier in 2026.

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

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Key Findings

1. The neighborhood's value signal is anchored by a median sold price of $1,362,000, which reflects recent transaction levels and should be treated as the primary indicator of market value; this representative recent sale level suggests pricing is materially lower than current asking expectations (pricing gap).

2. Listings show a median listing price of $2,862,500, creating a notable spread versus the median sold price that may indicate seller optimism or pricing friction and may require price adjustments to align offers with realized sale levels.

3. Market velocity appears slow given a median days on market of 330, which signals extended time-to-sale and slower transaction volume despite the area-wide market temperature being hot.

4. Price momentum is positive with a year-over-year price trend of up, while rent is tracking down and interest rate pressure is moderate; additionally, current 30-year fixed mortgage rates are averaging 6.3%, which collectively suggests buyers face higher financing costs even as sale prices are rising (mixed signals).

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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.

Demarest, NJ 07627 Real Estate Market Report

ZIP Code: 07627
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

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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Demarest, NJ are averaging 6.3%, reflecting a stable market environment for property owners compared to the volatility seen earlier in 2026.

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

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Key Findings

1. median sold price remains the primary indicator of market value and recent transaction activity; the price year-over-year trend is up, which supports an overall appreciation narrative for Demarest despite mixed signals elsewhere.

2. median days on market is 315, which suggests slower sales velocity in the sampled transactions and may indicate greater pricing friction or longer negotiation cycles even with a generally hot marketplace.

3. The sampled inventory profile points to relatively constrained active supply in the analyzed set, which appears to support seller pricing power and may prompt sellers to maintain disciplined pricing rather than broad discounts.

4. median market rent is $5,200 and rent year-over-year trend is down; combined with moderate interest rate pressure and a prevailing 30-year fixed mortgage rate of 6.3%, this suggests rental income expectations are cooling while financing conditions remain stable enough to sustain buyer activity.

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