Welcome to The Tarapore Real Estate Market Update, I’m Anaita Tarapore. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.

According to Monmouth Ocean Regional Realtors, the marketplace for Monmouth County, here’s what happened in the Year 2024 vs Year 2023:

Monmouth County

Average Sales Price
Year 2024 – $838,478
Year 2023 – $923,615
Up 10%

Average Days On Market
Year 2024 – 33
Year 2023 – 31
Up 6%

Number of Sold Listings
Year 2024 – 4819
Year 2023 – 4740
Up 2%

Sale to List Price
Year 2024 – 100.33%
Year 2023 – 100.17%
No Change

Month Supply
Year 2024 – 1.56
Year 2023 – 1.54
Up 1%

Top 10 Sales in Monmouth County

1. $10, 250,000.00 15 Sailors Way, Red Bank
2. $8,475,000.00 19 St Claire Ave, Spring Lake
3. $7,600,000.00 415 Runyan Ave, Deal
4. $7,500,000.00 2 Chicago Blvd, Sea Girt
5. $6,600,000.00 37 Buena Vista Ave, Rumson
6. $6,600,000.00 12 Oyster Bay Dr, Rumson
7. $6,300,000.00 47 South Blvd, Spring Lake
8. $6,300,000.00 320 Passaic Ave, Spring Lake
9. $6,100,000.00 700 Navesink River Rd, Middletown
10.$5,830,000.00 120 Baltimore Blvd, Sea Girt