Monmouth County, NJ Home Values & Market Trends
The median home price in Monmouth County, NJ is $648,437.26. There were 8,215 home sales in Monmouth County, NJ over the past 12 months. The median residential Monmouth County, NJ home value for transactions over the previous year is $573,722.411. The number of current listings in Monmouth County, NJ is 1,862, and the percentage of properties for sale is 1862.00%. The county has 1,929 foreclosures, 25 bank owned properties, 131 headed for auction, and 1,862 properties for sale.
Monmouth County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Long Branch | $ 890,625 $ 529/sqft | Fair Haven | $ 1,217,500 $ 548/sqft |
| Freehold | $ 514,750 $ 291/sqft | Atlantic Highlands | $ 721,750 $ 344/sqft |
| Howell | $ 625,000 $ 311/sqft | Englishtown | $ 425,000 $ 293/sqft |
| Neptune | $ 474,900 $ 311/sqft | Ocean Grove | $ 798,700 $ 580/sqft |
| Matawan | $ 570,250 $ 310/sqft | Highlands | $ 510,950 $ 423/sqft |
| Asbury Park | $ 647,600 $ 485/sqft | Sea Girt | $ 1,843,000 $ 746/sqft |
| Red Bank | $ 501,500 $ 346/sqft | Oceanport | $ 862,000 $ 402/sqft |
| Oakhurst | $ 849,999 $ 575/sqft | Little Silver | $ 809,125 $ 436/sqft |
| Holmdel | $ 815,000 $ 324/sqft | Farmingdale | $ 757,450 $ 335/sqft |
| Marlboro | $ 760,250 $ 313/sqft | Brielle | $ 1,018,250 $ 476/sqft |
| Middletown | $ 750,000 $ 303/sqft | Shrewsbury | $ 769,250 $ 375/sqft |
| Eatontown | $ 520,650 $ 334/sqft | Port Monmouth | $ 610,250 $ 324/sqft |
| Colts Neck | $ 1,050,875 $ 333/sqft | Belford | $ 486,075 $ 301/sqft |
| Morganville | $ 803,523 $ 318/sqft | Cream Ridge | $ 825,000 $ 272/sqft |
| Keansburg | $ 349,900 $ 292/sqft | Allenhurst | $ 987,800 $ 638/sqft |
| Keyport | $ 414,600 $ 301/sqft | Cliffwood | $ 360,450 $ 228/sqft |
| Millstone Township | $ 827,625 $ 274/sqft | Leonardo | $ 549,450 $ 359/sqft |
| Manasquan | $ 891,500 $ 468/sqft | Bradley Beach | $ 833,400 $ 649/sqft |
| Rumson | $ 2,055,750 $ 573/sqft | Deal | $ 4,200,000 $ 1,115/sqft |
| Belmar | $ 808,250 $ 559/sqft | Allentown | $ 554,500 $ 221/sqft |
| Spring Lake | $ 1,196,750 $ 753/sqft | Roosevelt | $ 622,500 $ 258/sqft |
| West Long Branch | $ 999,000 $ 555/sqft | Avon By The Sea | $ 1,252,000 $ 1,242/sqft |
| Monmouth Beach | $ 770,600 $ 592/sqft | Allenwood | $ 1,073,511 $ 373/sqft |
| Hazlet | $ 549,900 $ 311/sqft | Fort Monmouth | $ -- $ -- |
| Lincroft | $ 829,750 $ 362/sqft | Adelphia | $ -- $ -- |
Housing Market Summary for Monmouth County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $661.4K | $634.4K | -4.09% |
| Median Sold Price | $566.8K | $634.4K | 11.92% |
| Homes For Sale | 1,897 | 1,707 | -10.02% |
| Homes Sold | 4,373 | 4,179 | -4.44% |
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 Monmouth County, NJ
Browse Homes in Monmouth County, NJ
Monmouth County, NJ home values range from $27,933 to $15,000,000. Deal is the priciest city with a median listing home price of $4,200,000, and Keansburg is most affordable with average house prices of around $398,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.82% of all residential properties in Monmouth County, NJ with Freehold containing 179 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 50 cities within Monmouth County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,439,750 in Sea Girt to the lowest home value of $187,200 in Keansburg.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Monmouth County, NJ ranges from the highest value of $896,500 in Morganville to the lowest value of $232,500 in Freehold. Bank owned homes and properties account for 0.01% of properties in Monmouth County, NJ. There are 50 cities within Monmouth County, NJ; Morganville containing 2 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsNeptune has 10 auction properties, the highest number of properties going to auction in a single city in the state of Monmouth County, NJ. Auction homes and other auction properties account for 0.06% of all properties in Monmouth County, NJ. There are 50 cities within Monmouth County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $699,000 in Deal to the lowest value of $203,200 in Deal.
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More Real Estate Resources for Monmouth County, NJ
Guide for Monmouth County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
