07201 — Union County, New Jersey Market Snapshot
Housing market data for zip code 07201 in Union 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
$877,000
Days to Sell
49
Homes Sold
15
Inventory
22
Sale-to-List
96.2%
New Listings
30
Price/SqFt
$328
Pending Sales
23
Conforming Loan Available
Most homebuyers in 07201 can comfortably use conventional financing. The median home price of $877,000 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
07201's market is balanced with homes taking an average of 49 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 07201 sells for 3.8% below asking price (96.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 07201 can comfortably use conventional financing. The median home price of $877,000 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 07201 are set at the county level.
2026 Loan Limits — Union 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 07201
To purchase the median home at $877,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,869.
Monthly Payment
$6,869
Income Required
$294,399
Principal & Interest
$5,404/mo
Down Payment (5%)
$43,850
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 07201.
Estimated Monthly Payment
$5,578
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