07105 — Essex County, New Jersey Market Snapshot
Housing market data for zip code 07105 in Essex County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$854,000
Days to Sell
70
Homes Sold
15
Inventory
29
Sale-to-List
98.8%
New Listings
30
Price/SqFt
$267
Pending Sales
21
Conforming Loan Available
Most homebuyers in 07105 can comfortably use conventional financing. The median home price of $854,000 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
With homes sitting for 70 days on average, 07105 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 07105 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 07105 can comfortably use conventional financing. The median home price of $854,000 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 07105 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 07105
To purchase the median home at $854,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,693.
Monthly Payment
$6,693
Income Required
$286,846
Principal & Interest
$5,262/mo
Down Payment (5%)
$42,700
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 07105.
Estimated Monthly Payment
$5,435
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