Edison, NJ 08820 Real Estate Market Report

ZIP Code: 08820
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 Edison, NJ, are averaging 6.3%, reflecting a market environment where rates have fluctuated throughout 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 representative recent sale level is $849,900 (median sold price), which establishes realized market value and sits below the current asking signal of $949,900 (median listing price), suggesting seller expectations are running ahead of closed transaction prices.

2. Liquidity shows slower marketing times: 317 days (median days on market) suggests extended time to close and pricing friction in transactions, even as the market temperature is hot, indicating that sales can still occur but may require more time or price adjustments.

3. Price momentum is weakening: year-over-year price trend is down while the median price per square foot remains $421, signaling value compression and limited upward pressure on realized sale prices.

4. Affordability and rent dynamics are a constraint: median market rent is $3,200, rent year-over-year trend is down, and interest rate pressure is elevated with current 30-year fixed mortgage rates averaging 6.3%, which may weigh on buyer purchasing power and investor underwriting.

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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.

Edison, NJ 08820 Real Estate Market Report

ZIP Code: 08820
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 Edison, NJ, are averaging 6.3%, reflecting a market environment where rates have fluctuated throughout 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 market indicator is the median sold price 589,900, which signals recent transaction-level value and suggests pricing is softening given the reported year-over-year price decline.

2. Liquidity appears muted: the median days on market 308 points to slower sales velocity and may indicate pricing friction between seller expectations and buyer bids despite continued transaction activity.

3. Seller/listing context shows a gap between asking and transaction values: the median listing price 547,461 versus the median sold price suggests mixed seller expectations and that some listings may be adjusting to achieve market-clearing prices.

4. Macro and demand drivers are headwinds: the market is labeled hot yet faces elevated interest rate pressure with current 30-year fixed mortgage rates averaging 6.3%, which, together with a down rent year-over-year trend, may constrain near-term price appreciation and keep buyer sensitivity high.

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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.