East Orange, NJ 07017 Real Estate Market Report

ZIP Code: 07017
Report Date: May 2026
Market Temperature: NEUTRAL
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 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 East Orange, NJ, are approximately 6.35%, which is 0.48% higher than the 5.87% average observed in February 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 primary indicator of recent market value is the median sold price: $517,500, which should be prioritized over asking prices when benchmarking comparable transactions; representative recent sale provides the clearest signal of realized value in this market.

2. There is a meaningful spread between the median listing price ($585,000) and the median sold price ($517,500), which may indicate pricing friction and seller expectations above transaction reality; pricing gap suggests buyers can negotiate toward recently realized values.

3. Market liquidity appears subdued on velocity metrics: the median days on market is 312, and with a neutral market temperature the market reads as balanced with slower transaction velocity rather than intensely competitive conditions; moderate-to-slower sales velocity suggests patience is required for listing or acquisition strategies.

4. Rising rental demand is evident with a median market rent of $2,100 and a rent year-over-year trend of up, while elevated interest rate pressure (current 30-year fixed ~ 6.35%, about 0.48% higher than the 5.87% February 2026 average) may constrain affordability and favor buy-and-hold or cash-sensitive investors; rent growth underscores rental strength while rate headwinds raise financing costs.

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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.

East Orange, NJ 07017 Real Estate Market Report

ZIP Code: 07017
Report Date: May 2026
Market Temperature: NEUTRAL
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 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 East Orange, NJ, are approximately 6.35%, which is 0.48% higher than the 5.87% average observed in February 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 median sold price is 199,000, which serves as the primary indicator of current market value and aligns with an overall up price trend year-over-year, suggesting modest appreciation pressure for recently closed SFR and condominium transactions.

2. The median days on market is 361, which points to slower sales velocity and suggests pricing friction or longer negotiation cycles; this pace may indicate that sellers need realistic expectations on time-to-close even as activity increases.

3. The median price per square foot is 193 alongside a median market rent of 1,800, and rents are up year-over-year; together these metrics suggest rental demand is supporting pricing, based on a sample of 35 sold properties analyzed.

4. Current financing conditions are a headwind: 30-year fixed mortgage rates are approximately 6.35%, and interest rate pressure is characterized as elevated, while the broader market temperature remains neutral, indicating a balanced market with modest seller advantages rather than a pronounced seller's market.

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Notable Properties

The following 7 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.