Monmouth County Real Estate Overview

Monmouth County

Although we focus on Fair Haven, Rumson and the surrounding town periodically it’s good to take a look at a wider area and see how the real estate market is doing. We’ve all heard the expression, “All real estate is LOCAL”, and while that’s true it doesn’t hurt to compare OUR local area with other areas in New Jersey, and specifically in Monmouth County.

At mid-year, as a whole, the median price of homes sold in Monmouth County rose 3% compared to a year ago. However, there was a lot of variation from town to town- in some towns prices increased, and in others they decreased. Here are the numbers for 23 towns in the Eastern portion of the county:

1 Year
         Town            Jun 30 2015 Median
No. Median Price Change
Monmouth County 3,318 $350,000  2.9%
Aberdeen 100 $300,500 11.5%
Asbury Park 74 $304,500 38.5%
Atlantic Highlands 26 $380,050  2.2%
Colts Neck 48 $695,000  0.8%
Eatontown 64 $282,000  9.3%
Fair Haven 64 $721,250  6.3%
Hazlet 92 $275,000 -3.2%
Highlands 37 $182,000 -9.1%
Holmdel 76 $668,750 14.3%
Little Silver 41 $545,000 -4.4%
Long Branch 118 $327,500  7.4%
Manalapan 231 $380,000  1.9%
Marlboro 176 $431,750  2.9%
Matawan 52 $292,500  3.9%
Middletown 368 $358,950  4.2%
Monmouth Beach 35 $750,000 81.1%
Ocean 123 $342,000 -2.8%
Oceanport 27 $500,000 21.2%
Red Bank 62 $277,500 -8.7%
Rumson 41 $1,075,000  2.4%
Shrewsbury 24 $462,450 -2.6%
Tinton Falls 128 $302,500  6.1%
West Long Branch 35 $359,900  2.5%

A quick look at the table shows that with a 2.9% increase,  prices rose at a rate that was slightly below the county-wide rate. On the other hand, Fair Haven real estate prices increased at a rate that was double the county’s overall rate. Little Silver home prices actually decreased compared to a year ago.

Most of the numbers shoudn’t surprize you- the largest percentage increases came in places like Asbury Park, which is coming back strong after years of  unpopularity, and Monmouth Beach, where last year’s sales were still reflecting some of the devastation caused by Hurricane Sandy. If you’re interested in a Monmouth County town that I didn’t list, just email or text me and I’ll get you the data.

Rumson Realtor Len DunikoskiLeonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)


This entry was posted in Fair Haven Real Estate Market, Little Silver Homes Sold, Rumson Real Estate Market, Rumson-Fair Haven Real Estate Market and tagged . Bookmark the permalink.

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