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| JUNE 2025 | |||
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| Units Sold 666 |
Active Inventory 1,631 |
Median Sale Price $720,000 |
Days On Market 27 |
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| Up 11% Vs. Year Ago |
Down -4% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -4% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 666 sold this month in Monmouth County Real Estate versus 674 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 11% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 66 units or 4%. The total number of active inventory this June was 1,631 compared to 1,697 in June 2024. This month's total of 1,631 is lower than the previous month's total supply of available inventory of 1,649, a decrease of 1%. |
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Median Sale Price
Last June, the median sale price for Monmouth County Homes was $680,050. This June, the median sale price was $720,000, an increase of 6% or $39,950 compared to last year. The current median sold price is 1% higher than in May. 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 931 |
Current Contracts 679 |
Sold Vs. List Price 101.2% |
Months of Supply 2.4 |
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| Down -4% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
Down -13% Vs. Year Ago |
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Months of Supply
In June, there was 2.4 months of supply available in Monmouth County, compared to 2.8 in June 2024. That is a decrease of 13% 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 931 homes newly listed for sale in Monmouth County compared to 974 in June 2024, a decrease of 4%. There were 679 current contracts pending sale this June compared to 648 a year ago. The number of current contracts is 5% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Monmouth County was 101.2% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 28, a decrease of 4%. | |||
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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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