What the Pros Know
Market Snapshot
Zip Code 7040 | Essex County, NJ
25,384
Population
YoY
202239.1
Median Age
YoY
2022$165,681
Median Household Income
YoY
2022$1,100,000
Median Sale Price
19.6% MoM
40.8% YoY
5/202461
Homes Sold
10.9% MoM
10.9% YoY
5/20240.4
Months Inventory
23.7% MoM
YoY
5/202413
Days on Market
1 MoM
2 YoY
5/202422
Listings
18.5% MoM
10.0% YoY
5/2024114.8%
Sale Price to List Price
2.7% MoM
4.8% YoY
5/2024
See 7040 on Zillow
1. Population Data from U.S. Census Bureau.
2. Sales Data provided by Redfin, a national real estate brokerage.
MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.