07016 Home Values & Market Trends
There are 154 homes currently listed for 07016. 07016 real estate market trends show that home prices range from $419,000 to $1,899,000, and the median sales price in the 07016 zip code is $763,577.11. The total number of properties sold within the past twelve months is 247. In 07016, 23 properties are in foreclosure, 0 are bank owned properties,and 4 are headed for auction.
07016 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cranford | $ 781,044 $ 457/sqft |
Housing Market Summary for 07016
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $774K | $703.6K | -9.09% |
| Median Sold Price | $736.7K | $703.6K | -4.49% |
| Homes For Sale | 41 | 157 | 282.93% |
| Homes Sold | 128 | 94 | -26.56% |
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 $763,577.11. A total of 154 properties are for sale, and the percentage of properties for sale in the zip code is 87.01%. The total count of 07016 properties is 7,553.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in 07016 with Cranford containing 19 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 $1,177,083 in Cranford to the lowest home value of $575,399 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 4 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 0.05% 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 $713,462 in Cranford to the lowest value of $669,461 in Cranford.