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$1,050,000
Median Sale Price
5.4% MoM
27.1% YoY
7/202494
Homes Sold
13.3% MoM
8.0% YoY
7/20240.2
Months Inventory
35.4% MoM
34.1% YoY
7/202413
Days on Market
100 MoM
0 YoY
7/202418
Listings
25.0% MoM
28.0% YoY
7/2024113.4%
Sale Price to List Price
0.7% MoM
0.2% YoY
7/2024
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.