median sold price: $761,000 is the primary indicator of recent market value, reflecting completed transactions rather than asking behavior and suggesting realized pricing is below the median listing price: $799,000, which may indicate pricing friction between seller expectations and transaction outcomes.

median days on market: 295 signals materially slower sales velocity for SFR and condominium properties in 07310 and appears to correspond with the down price year-over-year trend, suggesting longer time to close may be placing downward pressure on realized prices.

median price per square foot: $844 remains the consistent unit-value in recent sales and serves as the best comparator for deal-level negotiation; paired with elevated time-on-market and the gap between listing and sold medians, this suggests buyers have negotiating leverage and sellers may need concessions to transact.

median market rent: $4,250 and the down rent year-over-year trend indicate softer rental pricing alongside modest interest rate pressure (moderate), with the local mortgage context showing average 30-year fixed rates at 6.35% (0.48% above the February 2026 market average), which may temper investor appetite and further influence pricing and liquidity conditions.

median sold price: $761,000 — The median sold price is the best indicator of current market value in 07310 and suggests transactions are occurring below asking expectations, since the median listing price is $799,000; this gap, combined with a down price year-over-year trend, appears to reflect recent softening in realized sale prices.

median days on market: 295 — A median days on market of 295 indicates materially slower sales velocity and elevated time-to-sell relative to faster-moving markets; this longer marketing period may signal pricing friction and suggests sellers may need more aggressive positioning or concessions to transact within a reasonable window.

median price per square foot: $844 — The median price per square foot at $844 provides a high-value benchmark for comparing units within the ZIP; use this as a reference when evaluating price adjustments, but be mindful that the market temperature is neutral, so localized variability will matter for individual SFR and condo listings.

market rent: $4,500 — The median market rent of $4,500 is showing a down rent year-over-year trend, indicating softer rental rates alongside declining sale prices; investors should weigh slower rent growth against current interest rate pressure, which is characterized as moderate.