Englewood, NJ 07631 Real Estate Market Report

ZIP Code: 07631
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Englewood, NJ as of April 2026 is characterized by a median sold price of $694,444, reflecting a stable market environment despite some recent fluctuations. The neighborhood has experienced a flat price trend, indicating that while there is some price stability, the market has not seen significant appreciation over the past year. This suggests a balance between buyer expectations and market realities, with sellers adjusting to the current conditions without drastic changes in pricing.

Transaction activity appears moderate, with median days on market at 274, indicating slower sales velocity. This extended timeframe may suggest elevated inventory levels relative to sales, contributing to a neutral market temperature. Despite these conditions, rental demand remains strong, with a median market rent of $3,070, indicating that the rental segment is experiencing growth, potentially attracting investors looking for rental opportunities in the area.

---

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.

---

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.

---

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.

---

Property Taxes

---

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.

---

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.

---

Key Findings

1. The median sold price of $694,444 indicates stable pricing, despite a flat year-over-year trend.

2. With median days on market at 274, the market is experiencing slower sales velocity, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $999,900 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Rental demand is strong, with a median market rent of $3,070, suggesting growing interest in rental properties.

5. The market temperature remains neutral, reflecting a balance between buyer and seller expectations, with no clear advantage to either side.

---

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.