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 Jan 2025 vs Jan 2024:

Monmouth County

Average Sales Price
Jan 2024 – $959,989
Jan 2025 – $1,010,663
Up 5%

Average Days On Market
Jan 2024 – 39
Jan 2025 – 41
Up 5%

Number of Sold Listings
Jan 2024 – 312
Jan 2025 – 345
Up 11%

Sale to List Price
Jan 2024 – 98.25%
Jan 2025 – 99.01%
Up 1%

Month Supply
Jan 2024 – 3.70
Jan 2025 – 3.38
Down 9%

Top 10 Sales in Monmouth County

1. $25,000,000.00 17 Washington Ave, Spring Lake
2. $11,300,000.00 105 Cedar Ave, Allenhurst
3. $6,132,500.00 416 Essex Ave, Spring Lake
4. $5,900,000.00 217 Lorraine Ave, Spring Lake
5. $3,850,000.00 11 Queen Ann Dr, Deal
6. $3,650,000.00 1403 Ocean Ave, Belmar
7. $3,200,000.00 557 Ocean Rd, Spring Lake Heights
8. $2,968,125.00 55 Wardell Ave, Rumson
9. $2,950,000.00 511 Ludlow Ave, Spring Lake
10.$2,670,000.00 7 Sailors Way, Rumson