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Market Intelligence · NJ / Park Ridge

Park Ridge, NJ 07656 Housing Market

The typical home value in Park Ridge, NJ 07656 is $849,208, up 6.1% over the past year as of September 2026. The median list price is $949,000, and homes are moving at a median of 24 days on market.

Updated September 2026Median value$849K

The median home value in Park Ridge, NJ 07656 is $849K as of September 2026, up 6.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 07656 range

$781K to $917K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.1% over 12 months

Typical home value in 07656 over the last 12 months: $800K in Sep 2025 to $849K in Sep 2026 (+6.1%).

Sep 2025$800K

Sep 2026$849K

The numbers

What is the 07656 housing market like?

Typical home value

$849K

Up6.1%YoY

Median list price

$949K

Up13.1%MoM

Days on market

24

Up41.2%MoM

Homes for sale

8

Down20.0%MoM

Price cuts

20.0%

New listings

2

Down83.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

07656 housing market forecast 2027

+2.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07656 to rise 2.3% by September 2027.

Over the 12 months through September 2026, typical home values in 07656 rose 6.1%, per the Zillow Home Value Index.

Will home prices drop in 07656?

Zillow's forecast does not call for a drop: it expects typical home values in 07656 to rise 2.3% by September 2027, after a 6.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07656 home prices compare?

  • 07656$849,208
  • Park Ridge$849,208
  • New Jersey$575,161
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Park Ridge: 1 ZIP; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Park Ridge is a small, active market. Only 8 homes were for sale as of September 2026, with 2 new listings coming on that month. Sellers are asking a median of $949,000, above the typical value of $849,208, and homes are finding buyers in a median of 24 days. About 20.0% of listings have taken a price cut, which suggests some sellers started too high even as values rose 6.1% over the past year. For a seller, the takeaway is straightforward: demand looks healthy, but pricing realistically from day one matters.

Monthly payment

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20% · $169,842

Common questions

What people ask us.

How much is a home in 07656 worth?

The typical home value in Park Ridge, NJ 07656 is $849,208 as of September 2026, up 6.1% over the past year. The median list price is $949,000.

How fast are homes selling in 07656?

Homes in 07656 are spending a median of 24 days on market as of September 2026. Inventory is tight, with 8 homes for sale and 2 new listings that month.

Are sellers cutting prices in 07656?

Yes, 20.0% of listings in 07656 had a price cut as of September 2026. That happened even while typical home values rose 6.1% over the past year.

Discover

Nearby ZIP markets.

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