07044 — Essex County, New Jersey Market Snapshot
Housing market data for zip code 07044 in Essex County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$837,000
Days to Sell
15
Homes Sold
22
Inventory
8
Sale-to-List
113.0%
New Listings
34
Price/SqFt
$498
Pending Sales
33
Conforming Loan Available
Most homebuyers in 07044 can comfortably use conventional financing. The median home price of $837,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07044 are moving quickly at 15 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07044 are selling 13.0% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07044 can comfortably use conventional financing. The median home price of $837,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07044 are set at the county level.
2026 Loan Limits — Essex County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07044
To purchase the median home at $837,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,563.
Monthly Payment
$6,563
Income Required
$281,264
Principal & Interest
$5,157/mo
Down Payment (5%)
$41,850
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07044.
Estimated Monthly Payment
$5,330
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