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 PX $650K $700K + 7.7%
% of PX 99.3% 101.3% + 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* 40 44 + 10.0%
Median PX $521K $551K + 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.