07092 — Union County, New Jersey Market Snapshot
Housing market data for zip code 07092 in Union County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$1,140,000
Days to Sell
16
Homes Sold
12
Inventory
8
Sale-to-List
104.1%
New Listings
28
Price/SqFt
$454
Pending Sales
22
Conforming Loan Available
The median home in 07092 at $1,140,000 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
Homes in 07092 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07092 are selling 4.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 07092 at $1,140,000 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 07092 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 07092
To purchase the median home at $1,140,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,884.
Monthly Payment
$8,884
Income Required
$380,757
Principal & Interest
$7,024/mo
Down Payment (5%)
$57,000
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 07092.
Estimated Monthly Payment
$7,205
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