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$941,000
Median Sale Price
4.2% MoM
4.5% YoY
6/202584
Homes Sold
4.5% MoM
9.7% YoY
6/20250.2
Months Inventory
20.4% MoM
23.7% YoY
6/202515
Days on Market
1 MoM
2 YoY
6/202519
Listings
24.0% MoM
20.8% YoY
6/2025510
Price per Sq Ft
8.4% MoM
0.3% YoY
6/2025
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.