Monmouth County Market Report – April 2025

📍 Monmouth County Market Report – April 2025

If you're following the pulse of Monmouth County real estate, the latest data confirms what local agents already feel on the ground: it’s still a strong seller’s market, but signs of balance are creeping in.

Whether you're prepping to sell, looking to buy, or just watching the market, here's a detailed breakdown of what’s happening in Monmouth County this spring.

🏘️ Market Highlights

• Median List Price: $887,500

• Median Price of New Listings: $787,000

• Price per Square Foot: $400

• Median Days on Market: 35

• Average Days on Market: 132

• Inventory: 854 single-family homes

• Median Rent: $4,500

• Market Action Index (MAI): 45 (unchanged from last month)

📈 What’s the Market Action Index?

The Market Action Index compares the rate of home sales versus inventory. A number over 30 signals a seller's market—and at 45, we’re sitting solidly in that territory.

This figure hasn’t budged since last month, which tells us the market is holding its ground—but not heating up. Sellers still have the upper hand, but buyers may start seeing pockets of opportunity.

🔍 Price Trends + Inventory Movement

• 19% of listings saw price decreases

• Only 1% saw price increases

• 13% of listings were relisted

This shows us that while sellers maintain leverage, price sensitivity is growing. Listings that aren’t dialed in are sitting longer or being reduced.

🏘️ Market Segments Breakdown

Let’s look at how the market breaks down by price range:

Not surprisingly, the luxury market is taking longer to move, while homes priced under $800K are being snapped up faster—particularly those in the $700K range, where absorption is strongest.

🧠 What This Means for Sellers

You still have the advantage—but only if your pricing is spot-on and your home shines from the start. With 13% of homes being relisted, it's clear that overpricing is a risk in today’s climate.

🔑 What This Means for Buyers

There’s competition, yes, but not chaos. If a home has been on the market for more than 30 days, you might have negotiating room. Work with an agent who knows how to interpret the market beyond the headlines (that’s me!).

🎯 Final Takeaway

Monmouth County remains one of the most resilient real estate markets in New Jersey. The numbers tell a story of high demand, balanced by cautious optimism and increasing price awareness. Whether you're buying or selling, the key is strategy—guided by accurate local data and a plan built for your goals.

Ryan Skove
Skove Real Estate Team | EXP Realty
Your local market expert, ready to help you move with confidence.