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 July 2026 vs July 2025:
Monmouth County
Average Sales Price July 2025 – $909,354 July 2026 – $1,021,784 Up 12%
Average Days On Market July 2025 – 29 July 2026 – 29 No Change
Number of Sold Listings July 2025 – 493 July 2026 – 529 Up 7%
Sale to List Price July 2025 – 100.86% July 2026 – 102.61% Up 2%
Month Supply July 2025 – 3.81 July 2026 – 3.67 Down 4%
Top 10 Sales in Monmouth County
1. $8,200,000.00 117 Madison Ave, Spring Lake
2. $6,150,000.00 207 Tuttle Ave, Spring Lake
3. $5,200,000.00 143 Bingham Ave, Rumson
4. $5,000,000.00 226 Norwood Ave, Avon-by-the-Sea
5. $4,900,000.00 420 Ludlow Ave, Spring Lake
6. $4,251,322.00 135 Ridge Rd, Rumson
7. $3,300,000.00 13 Beacon Blvd, Sea Girt
8. $3,275,000.00 233 Conover Lane, Red Bank
9. $3,263,000.00 120 Garfield Ave, Avon-by-the-Sea
10.$2,990,000.00 77 Waterman Ave, Rumson
Bottom Line:
The July 2026 Monmouth County market remained strong compared to July 2025. Active listings increased slightly to 1,939, up 3%, giving buyers a few more options. Pending sales rose 14% to 541, and closed sales increased 7% to 529, showing that buyer activity remained healthy.
Prices also continued to move upward. The average sales price reached $1,021,784, up 12%, while the median sales price was $820,000, up 6%. Homes sold in an average of 29 days, the same as last year, and the sale/list price ratio was 102.61%, meaning homes sold above asking price on average.
Months of inventory was 3.67, slightly lower than last year, and the 30-year mortgage rate was 6.69%, a little below July 2025.
Overall, the report shows a healthy and competitive market. Sellers are still in a strong position, while buyers have slightly more inventory but should be prepared for competition on well-priced homes.
Thinking about selling your home? Call me at 732-208-2538 to discuss your home’s value and the best strategy to get it sold.
Anaita
YourHouseGuru