07016 Home Values & Market Trends
There are 144 homes currently listed for 07016. 07016 real estate market trends show that home prices range from $254,900 to $1,899,000, and the median sales price in the 07016 zip code is $764,981.4. The total number of properties sold within the past twelve months is 212. In 07016, 23 properties are in foreclosure, 0 are bank owned properties,and 3 are headed for auction.
07016 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cranford | $ 802,949 $ 457/sqft |
Housing Market Summary for 07016
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $719K | $726.3K | 1.01% |
| Median Sold Price | $725.4K | $726.3K | 0.12% |
| Homes For Sale | 17 | 132 | 676.47% |
| Homes Sold | 132 | 102 | -22.73% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07016
Browse Homes in 07016
The median list price of a home in Cranford, is $764,981.4. A total of 144 properties are for sale, and the percentage of properties for sale in the zip code is 86.23%. The total count of 07016 properties is 7,580.
- Pre-ForeclosurePre-foreclosure homes account for 0.26% of all residential properties in 07016 with Cranford containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07016; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,188,774 in Cranford to the lowest home value of $552,639 in Cranford.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07016 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07016. There is 1 cities within 07016; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsCranford has 3 auction properties, the highest number of properties going to auction in a single city in the state of 07016. Auction homes and other auction properties account for 0.04% of all properties in 07016. There is 1 cities within 07016; of that cities, the median estimated home value for homes going to auction ranges from $676,495 in Cranford to the lowest value of $662,504 in Cranford.