07016 Home Values & Market Trends
There are 55 homes currently listed for 07016. 07016 real estate market trends show that home prices range from $254,900 to $1,499,000, and the median sales price in the 07016 zip code is $768,381.88. The total number of properties sold within the past twelve months is 224. In 07016, 22 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.
07016 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cranford | $ 736,300 $ 434/sqft |
Housing Market Summary for 07016
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $662.5K | $741.8K | 11.96% |
| Median Sold Price | $664.8K | $741.8K | 11.57% |
| Homes For Sale | 14 | 45 | 221.43% |
| Homes Sold | 123 | 118 | -4.07% |
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 $768,381.88. A total of 55 properties are for sale, and the percentage of properties for sale in the zip code is 71.43%. The total count of 07016 properties is 7,526.
- Pre-ForeclosurePre-foreclosure homes account for 0.28% of all residential properties in 07016 with Cranford containing 21 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 $1,053,000 in Cranford to the lowest home value of $567,800 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 1 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 0.01% 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 $550,800 in Cranford to the lowest value of $550,800 in Cranford.