East Orange, NJ 07017 Real Estate Market Report

ZIP Code: 07017
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the East Orange housing market is characterized by a median sold price of $489,000, reflecting a stable transaction environment. The neighborhood has decreased 8% since 2022, indicating a moderation in home values and suggesting a shift towards a more balanced market. This price adjustment may provide opportunities for buyers, as the market appears to be responding to elevated inventory levels and slower sales velocity.

The current median days on market stands at 299 days, which points to a slower transaction pace, further emphasizing the need for sellers to align their expectations with market realities. Despite the cooling in home prices, the rental market remains robust, with a median market rent of $2,394, indicating strong demand and continued investor interest in the area. Overall, the market temperature is neutral, suggesting a balanced environment where both buyers and sellers may find favorable conditions, albeit with caution regarding pricing.

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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 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.

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Key Findings

1. The median sold price of $489,000 reflects a 8% decrease since 2022, indicating a shift towards a more balanced market.

2. With 299 days on market, the sales velocity is slower, suggesting elevated inventory levels relative to sales activity.

3. The median market rent of $2,394 shows a growing demand in the rental sector, attracting investor interest.

4. Market temperature is neutral, indicating a balanced environment for both buyers and sellers.

5. The property tax rate of 3.168% may influence buyer affordability and investment decisions in the area.

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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.