Monmouth County

Monmouth County, NJ Home Values & Market Trends

The median home price in Monmouth County, NJ is $630,585.91. There were 8,729 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 $568,676.207. The number of current listings in Monmouth County, NJ is 1,940, and the percentage of properties for sale is 49.77%. The county has 1,958 foreclosures, 26 bank owned properties, 145 headed for auction, and 1,940 properties for sale.

Monmouth County, NJ Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Howell

$ 582,802

$ 309/sqft

Oakhurst

$ 822,750

$ 501/sqft

Manalapan

$ 663,750

$ 295/sqft

Tinton Falls

$ 479,529

$ 303/sqft

Freehold

$ 586,458

$ 279/sqft

Manasquan

$ 1,238,788

$ 468/sqft

Long Branch

$ 830,597

$ 439/sqft

Ocean

$ 709,765

$ 341/sqft

Neptune

$ 506,685

$ 305/sqft

Spring Lake

$ 1,479,050

$ 801/sqft

Red Bank

$ 507,598

$ 355/sqft

Keansburg

$ 320,352

$ 264/sqft

Holmdel

$ 873,244

$ 314/sqft

Keyport

$ 425,000

$ 273/sqft

Marlboro

$ 790,997

$ 292/sqft

Wall Township

$ 704,322

$ 370/sqft

Asbury Park

$ 598,071

$ 464/sqft

Rumson

$ 1,954,645

$ 562/sqft

Middletown

$ 756,073

$ 349/sqft

Belmar

$ 758,000

$ 526/sqft

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Housing Market Summary for Monmouth County, NJ

Aug 2022August 2023Change
Median Listing Price$648.5K$602.5K-7.08%
Median Sold Price$555.7K$602.5K8.43%
Homes For Sale2,6311,963-25.39%
Homes Sold6,0644,484-26.06%
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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%.

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Browse Homes in Monmouth County, NJ

Monmouth County, NJ home values range from $89,757 to $12,995,000. Deal is the priciest city with a median listing home price of $3,299,000, and Aberdeen is most affordable with average house prices of around $315,000.

Foreclosure
There are 63 cities within Monmouth County, NJ; within these cities, the median estimated home value for homes in foreclosure ranges from $8,122,185 in Freehold to the lowest value of $174,250 in Freehold. Foreclosure homes account for 0.00% of properties in Monmouth County, NJ with Freehold containing 190 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.83% of all residential properties in Monmouth County, NJ with Freehold containing 171 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 63 cities within Monmouth County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $8,122,185 in Sea Girt to the lowest home value of $174,250 in Freehold.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Monmouth County, NJ ranges from the highest value of $1,806,750 in Marlboro to the lowest value of $191,900 in Marlboro. Bank owned homes and properties account for 0.01% of properties in Monmouth County, NJ. There are 63 cities within Monmouth County, NJ; Manalapan containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Freehold has 17 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 0.07% of all properties in Monmouth County, NJ. There are 63 cities within Monmouth County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $4,060,585 in Rumson to the lowest value of $195,000 in Rumson.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.90% of residential properties in Monmouth County, NJ with Howell containing 137 homes for sale, the highest number of listed properties in a single city. There are 63 cities within Monmouth County, NJ; homes for sale in those cities, have a range of median values from $11,473,929 in Red Bank to the lowest value of $141,000 in Freehold.
    Sold Homes
    The median value for recently sold homes ranges from $6,415,000 in Deal to the lowest price of $89,757 in Deal. There are 63 cities within Monmouth County, NJ. Freehold has 401 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.13% of properties in Monmouth County, NJ.

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