Monmouth County
Single Family Homes for November
Key Metrics    2022    2023   Change
New Listings   420    443   + 5.5%
Closed Sales   422    345   – 18.2%
DOM*         35     34   – 2.9%
Median PXÂ Â Â Â $650KÂ Â $700KÂ +Â 7.7%
% of PXÂ Â Â Â Â Â 99.3%Â 101.3%Â Â + 2.0%
Inventory     1,536   1,057  – 31.2%
Months Supply   3.2    2.6  – 18.8%
*Days on Market
Ocean County
Single Family Homes for November
Key Metrics    2022    2023   Change
New Listings   548    480   – 12.4%
Closed Sales   519    433   – 16.6%
DOM*Â Â Â Â Â Â Â Â Â 40Â Â Â Â Â 44Â Â Â + 10.0%
Median PXÂ Â Â Â $521KÂ Â $551KÂ Â + 5.8%
% PX Rec’d   99.6%  99.7%  + 0.1%
Inventory     1,738   1,226   – 29.5%
Month Supply   3.1    2.7   – 12.9%
*Days on Market
- Local Market Update for November 2023: This page provides key metrics and historical trends for the real estate market in Monmouth County, New Jersey, based on data from the multiple listing services in the state of New Jersey.
- Single Family Homes: The median sales price for single family homes increased by 7.7% from November 2022 to November 2023, while the inventory of homes for sale decreased by 31.2%. The number of new listings and closed sales also decreased by 17.8% and 18.2%, respectively.
- Townhouse-Condo: The median sales price for townhouse-condo increased by 17.9% from November 2022 to November 2023, while the inventory of homes for sale increased by 9.4%. The number of new listings and closed sales also increased by 19.6% and 6.3%, respectively.
- Adult Community: The median sales price for adult community decreased by 33.6% from November 2022 to November 2023, while the inventory of homes for sale decreased by 23.4%. The number of new listings and closed sales also decreased by 17.9% and 21.1%, respectively.