07106 — Essex County, New Jersey Market Snapshot
Housing market data for zip code 07106 in Essex County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
30 sales in 2026 (year to date)
Median Sale Price
$645,000
Days to Sell
76
Homes Sold
30
Inventory
24
Sale-to-List
101.3%
New Listings
29
Price/SqFt
$205
Pending Sales
31
Conforming Loan Available
Most homebuyers in 07106 can comfortably use conventional financing. The median home price of $645,000 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 76 days on average, 07106 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 07106 (101.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 07106 can comfortably use conventional financing. The median home price of $645,000 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 07106 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 07106
To purchase the median home at $645,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,092.
Monthly Payment
$5,092
Income Required
$218,219
Principal & Interest
$3,974/mo
Down Payment (5%)
$32,250
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 07106.
Estimated Monthly Payment
$4,142
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