Market Update

Monmouth County

Q1 2023

Residential Property Snapshot

Single Family Homes & Condos | Q1 2023
Med. Sales Price
$550k
4% more than in
Q1 2022
Avg. Days On Market
41
21% more than in
Q1 2022
Closed Sales
1,351
17% fewer than in
Q1 2022
Inventory
909
Data unavailable for
Q1 2022

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2023

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2023

Rotate your device to view as table
'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-9%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
-17%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
21%

60 Communities

Communities

Allenhurst

Median
$12.8m
DOM
86
Sales
1
Inv
3

Allentown

Median
n/a
Sales
0
Inv
3

Allenwood

Median
$795k
DOM
24
Sales
1
Inv
2

Asbury Park

Median
$449k
DOM
70
Sales
31
Inv
25

Atlantic Highlands

Median
$510k
DOM
22
Sales
5
Inv
4

Belford

Median
$593k
DOM
20
Sales
4
Inv
2

Belmar

Median
$585k
DOM
47
Sales
17
Inv
10

Bradley Beach

Median
$792k
DOM
26
Sales
6
Inv
4

Brielle

Median
$725k
DOM
69
Sales
7
Inv
6

Cliffwood

Median
$445k
DOM
47
Sales
13
Inv
6

Cliffwood Beach

Median
$380k
DOM
72
Sales
9
Inv
7

Colts Neck

Median
$1.32m
DOM
46
Sales
19
Inv
22

Cream Ridge

Median
$625k
DOM
86
Sales
11
Inv
10

Deal

Median
$2.97m
DOM
68
Sales
1
Inv
5

East Freehold

Median
$725k
DOM
28
Sales
5
Inv
3

Eatontown

Median
$461k
DOM
30
Sales
28
Inv
8

Englishtown

Median
$325k
DOM
32
Sales
5
Inv
0

Fair Haven

Median
$1.1m
DOM
22
Sales
21
Inv
5

Farmingdale

Median
$500k
DOM
8
Sales
1
Inv
1

Interlaken

Median
$1.71m
DOM
13
Sales
1
Inv
3

Keansburg

Median
$279k
DOM
45
Sales
30
Inv
28

Keyport

Median
$385k
DOM
29
Sales
17
Inv
7

Lake Como

Median
$613k
DOM
36
Sales
4
Inv
4

Leonardo

Median
$330k
DOM
59
Sales
5
Inv
4

Lincroft

Median
$760k
DOM
50
Sales
17
Inv
2

Little Silver

Median
$1.06m
DOM
23
Sales
14
Inv
6

Loch Arbour

Median
n/a
Sales
0
Inv
2

Locust

Median
$760k
DOM
34
Sales
3
Inv
0

Long Branch

Median
$665k
DOM
32
Sales
47
Inv
99

Manasquan

Median
$1.16m
DOM
29
Sales
15
Inv
10

Matawan

Median
$514k
DOM
75
Sales
14
Inv
9

Millstone Township

Median
$645k
DOM
66
Sales
16
Inv
16

Monmouth Beach

Median
$812k
DOM
30
Sales
6
Inv
7

Morganville

Median
$550k
DOM
31
Sales
11
Inv
6

Navesink

Median
$650k
DOM
37
Sales
5
Inv
3

Neptune City

Median
$440k
DOM
13
Sales
11
Inv
4

North Middletown

Median
$283k
DOM
37
Sales
10
Inv
8

Oakhurst

Median
$558k
DOM
66
Sales
8
Inv
28

Ocean Grove

Median
$570k
DOM
39
Sales
7
Inv
4

Ocean Township

Median
$689k
DOM
61
Sales
43
Inv
77

Oceanport

Median
$600k
DOM
36
Sales
13
Inv
8

Port Monmouth

Median
$480k
DOM
65
Sales
11
Inv
5

Red Bank

Median
$383k
DOM
38
Sales
21
Inv
14

Roosevelt

Median
$287k
DOM
117
Sales
2
Inv
0

Rumson

Median
$1.9m
DOM
81
Sales
11
Inv
17

Sea Bright

Median
$738k
DOM
15
Sales
2
Inv
7

Sea Girt

Median
$3.1m
DOM
40
Sales
5
Inv
5

Shark River Hills

Median
$548k
DOM
40
Sales
10
Inv
0

Shrewsbury

Median
$533k
DOM
55
Sales
12
Inv
1

Shrewsbury Township

Median
$340k
DOM
4
Sales
1
Inv
1

Spring Lake

Median
$1.35m
DOM
65
Sales
11
Inv
15

Spring Lake Heights

Median
$622k
DOM
58
Sales
8
Inv
4

Strathmore

Median
$513k
DOM
43
Sales
16
Inv
5

Tinton Falls

Median
$403k
DOM
30
Sales
52
Inv
6

Union Beach

Median
$400k
DOM
46
Sales
17
Inv
18

Upper Freehold Township

Median
$670k
DOM
65
Sales
18
Inv
9

Wall Township

Median
$650k
DOM
46
Sales
55
Inv
41

Wanamassa

Median
$560k
DOM
60
Sales
11
Inv
5

West Belmar

Median
$475k
DOM
38
Sales
9
Inv
2

West Long Branch

Median
$875k
DOM
66
Sales
16
Inv
23

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Data provided by Central Jersey MLS, and Monmouth Ocean Regional REALTORS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2023 end of day. This report was last updated Apr 11, 2023.

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