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| MAY 2025 | |||
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| Units Sold 672 |
Active Inventory 1,595 |
Median Sale Price $709,500 |
Days On Market 32 |
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| Up 6% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 3% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 672 sold this month in Monmouth County Real Estate versus 538 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 6% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 25 units or 2%. The total number of active inventory this May was 1,595 compared to 1,570 in May 2024. This month's total of 1,595 is higher than the previous month's total supply of available inventory of 1,583, an increase of 1%. |
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Median Sale Price
Last May, the median sale price for Monmouth County Homes was $650,000. This May, the median sale price was $709,500, an increase of 9% or $59,500 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 1,015 |
Current Contracts 766 |
Sold Vs. List Price 100.0% |
Months of Supply 2.4 |
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| Up 4% Vs. Year Ago |
Up 11% Vs. Year Ago |
Down -1.2% Vs. Year Ago |
Down -4% Vs. Year Ago |
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Months of Supply
In May, there was 2.4 months of supply available in Monmouth County, compared to 2.5 in May 2024. That is a decrease of 4% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 1,015 homes newly listed for sale in Monmouth County compared to 976 in May 2024, an increase of 4%. There were 766 current contracts pending sale this May compared to 691 a year ago. The number of current contracts is 11% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Monmouth County was 100.0% of the average list price, which is 1.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 31, an increase of 3%. | |||
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Monmouth County are defined as properties listed in zip code/s . | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by MOMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MOMLS or Long & Foster Real Estate, Inc. |
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