Harrington Park, NJ 07640 Real Estate Market Report

ZIP Code: 07640
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

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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 Harrington Park, NJ, are averaging 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 primary market indicator is the median sold price; median sold price $899,000 anchors recent transaction-level valuations and indicates elevated realized pricing in the current cycle hot market.

2. Despite strong realized pricing, liquidity shows slower sales velocity: median days on market 358 suggests longer time-to-contract and potential pricing friction; this appears alongside moderate interest rate pressure (current 30-year fixed rates averaging 6.5%), which may temper buyer urgency.

3. Price and rent context support valuation resilience: median price per square foot $406 and median market rent $4,750 with rent year-over-year trend up, indicating rental strength that can underpin buyer willingness to pay premium prices.

4. Inventory and market balance appear relatively constrained in the analyzed sample, supporting a hot market and upward price trajectory: market temperature hot combined with price year-over-year trend up suggests sellers retain negotiating leverage, though the long median days on market implies transactions may close more slowly than in frothy markets moderate.

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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.

Harrington Park, NJ 07640 Real Estate Market Report

ZIP Code: 07640
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

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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 Harrington Park, NJ, are averaging 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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. median sold price: 399,000 anchors current market value and, together with the reported hot market temperature and an upward price YoY trend, suggests sustained seller strength and ongoing price appreciation in recent transactions.

2. median price per square foot: 320 confirms premium local pricing on a per-unit basis and appears consistent with the neighborhood's upward price momentum; this metric should be used as the primary comparator when evaluating individual SFR and condo comps.

3. median market rent: 4,750 and a rent year-over-year trend that is up indicate strengthening rental demand, which may support investor interest and provide a floor for pricing expectations on income-capable assets.

4. interest rate pressure: moderate (Current 30-year fixed mortgage rates in Harrington Park, NJ, are averaging 6.5%) introduces a moderate headwind to affordability; despite this, market temperature remains hot, while transaction velocity appears to reflect moderate sales activity and pricing friction rather than rapid cooling.

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Notable Properties

The following 5 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.