Englewood, NJ 07631 Real Estate Market Report

ZIP Code: 07631
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 Englewood, NJ, are averaging 6.30%, which is 0.3% higher than the 6.00% typical of early 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 value signal is the 691,944 median sold price, which indicates realized transaction levels and supports the view that local pricing is firm even as listing expectations are higher; price trends are up, so sellers should anchor pricing to recent sold comparables rather than list ambitions alone.

2. The 323 median days on market points to materially slower sales velocity and potential pricing friction; slower transaction velocity suggests sellers may need to allow longer marketing windows or be more flexible on terms to achieve contractability.

3. There is a notable spread between the 999,950 median listing price and the 691,944 median sold price, which may indicate listing-side optimism and pricing mismatch; agents should prioritize comps and clear value positioning to reduce time on market and bidding gaps.

4. Macro pressure is a headwind: interest rate pressure is described as elevated while rents are rising (median market rent 2,750 and rent year-over-year trend is up), so investors and buyers should model affordability at current financing costs and consider lease-up or rent-growth scenarios when underwriting acquisitions; elevated interest rate pressure may constrain some buyer demand despite rising rents.

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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.

Englewood, NJ 07631 Real Estate Market Report

ZIP Code: 07631
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

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 Englewood, NJ, are averaging 6.30%, which is 0.3% higher than the 6.00% typical of early 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, the median sold price of $499,750, signals the prevailing transaction-level value in the neighborhood and, combined with a neutral market temperature, suggests overall price resilience rather than sharp directional swings.

2. Despite transaction strength, the median days on market of 329 points to slower sales velocity and persistent listing-to-sale friction — this extended marketing period may indicate buyers are selective and underwriting/affordability constraints are slowing closings.

3. There is a notable spread between the median listing price of $385,000 and the median sold price of $499,750, which may indicate a mismatch between seller price expectations and recent transaction prices or a concentration of higher-priced closed sales; monitor listing behavior for price reductions or repositioning.

4. Rents and financing are meaningful contextual drivers: the median market rent is $2,800 with a rising rent year-over-year trend, while elevated interest rate pressure and a current 30-year fixed mortgage rate of 6.30% suggest affordability headwinds that may temper buyer pool growth despite the up price year-over-year trend.

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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.