Skove Real Estate Team • eXp Realty • Red Bank, NJ • NJShoreRealtors.com
Shrewsbury Single-Family Home Market Report
Shrewsbury holds firm as a Seller's Market in July 2026, with months of supply at 1.5 — up 20% from June, but still tight enough to keep sellers in the driver's seat. The median sold price jumped 18.18% month-over-month to $1,300,000, though that figure is drawn from just 3 official closings, so it's more directional than precise. What's steadier: the median estimated home value across Shrewsbury's full inventory is $1,076,800, up 12.48% over the past 12 months, and July's average sold-to-list ratio held at 101.01% — meaning homes, on balance, are still selling at or slightly above asking price.
Data source: Realtors Property Resource (RPR), July 31, 2026. Single-Family Residence only, Shrewsbury, NJ.
A Note on This Month's Closing Sample
Shrewsbury's blended countywide comparisons undercount what's happening in this specific market, same as every town in this series — and this month is worth flagging on its own terms too. Only 3 single-family homes officially closed in Shrewsbury in July, so the median sold price and $/sqft figures are more sensitive to which particular homes happened to sell than they'd be in a higher-volume month. A 4,549-sqft six-bedroom home and a 1,713-sqft three-bedroom home both closed within weeks of each other, which is exactly the kind of mix that can swing a small-sample median. This report leans on those 3 closings individually, 2 additional early-August closings for fuller context, and the broader median estimated value trend (drawn from the full inventory, not just recent sales) to round out the picture.
Key Market Statistics — July 2026 (Single-Family Residence)
| Metric | July 2026 | June 2026 | Month-over-Month |
|---|---|---|---|
| Median Sold Price (SFR) | $1,300,000 | $1,100,000 | ↑ 18.18% |
| Median Estimated Home Value | $1,076,800 | $1,053,870 | ↑ 2.18% |
| Median Active List Price | $1,069,950 | $949,900 | ↑ 12.64% |
| Median Days in RPR (Sold) | 12 | ~13 | ↓ 7.69% |
| Sold-to-List Price Ratio | 101.01% | ~106.2% | ↓ 4.9% |
| Months of Supply | 1.5 months | ~1.25 months | ↑ 20% |
| Active SFR Listings (Shrewsbury) | 6 | ~5 | ↑ 20% |
| Closed Sales (July 2026) | 3 | ~5 | ↓ 40% |
| New Listings (July 2026) | 5 | 5 | 0% |
| New Pending (July 2026) | 9 | ~8 | ↑ 12.5% |
| Median Closed $/sqft | $555 | ~$513 | ↑ 8.2% |
| 12-Month Value Change | ↑12.48% • $957,320 → $1,076,800 • +$119,480 | ||
| 36-Month Value Change | +33.52% • $806,500 → $1,076,800 • +$270,300 | ||
June comparison figures marked "~" are calculated from RPR's own reported month-over-month percentages, not independently reported by RPR. Source: Realtors Property Resource (RPR), July 31, 2026. Estimated values are model-generated and are not formal appraisals.
Market Analysis — What the Numbers Mean
For single-family sellers:
Shrewsbury sellers are still working with real leverage — 1.5 months of supply and a 101.01% average sold-to-list ratio both point toward continued advantage. That said, inventory has loosened a bit (active listings up 20% to 6), and not every July closing sold over ask: 90 Birch Dr, the largest home in the sample at 4,549 sqft, took 53 days and ultimately sold 13.28% under its list price. The takeaway isn't that the market has turned — it's that pricing and presentation still matter, especially for larger or unique properties that appeal to a narrower pool of buyers.
For single-family buyers:
With only 6 active single-family listings and 9 homes already pending, competition for what's available remains real. New listings held flat at 5 for the month, so buyers shouldn't expect a flood of fresh options right away. On the upside, not everything is selling in a bidding war — one of July's closings sold meaningfully under ask, and days-on-market ranged widely (9 to 53 days), suggesting patient, well-prepared buyers can still find openings, particularly on larger or dated homes that take longer to find the right buyer.
The PSA perspective on this month's sample size:
Worth being direct about it: 3 closings is enough for RPR to compute standard aggregate stats, but it's still thin enough that a single unusually large or small sale can move the median considerably — which is exactly what happened this month, with a $1.3M six-bedroom home and a $925K three-bedroom home both closing within the same 30-day window. Anyone pricing a Shrewsbury home right now should lean on specific comparable sales and a real market analysis, not just the town-wide median.
Mansion Tax Note: For transactions at or above $1,000,001, New Jersey's Mansion Tax (P.L. 2025, c. 69, effective July 10, 2025) is a graduated seller-paid rate: 1% from $1M–$2M, 2% from $2M–$2.5M, 2.5% from $2.5M–$3M, 3% from $3M–$3.5M, and 3.5% above $3.5M — applied to the full purchase price. Every one of Shrewsbury's recent closings falls into the 1% bracket; the $1,375,000 closing at 32 Heritage Dr, for example, carried an estimated seller obligation of roughly $13,750. The active listing at 242 Williamsburg Dr, asking $1,775,000, would land in that same 1% bracket if it closes near list — worth modeling for any Shrewsbury seller in this price range, even though no recent activity here has crossed into the steeper 2%+ brackets.
3-Year Price Trend — Single-Family Residence
Shrewsbury SFR median estimated values at multiple time horizons — Source: RPR, 7/31/2026
| Metric | Current (Jul 2026) | 12 Months Ago | Change | 36 Months Ago | Change |
|---|---|---|---|---|---|
| Median Est. Home Value | $1,076,800 | $957,320 | +12.48% | $806,500 | +33.52% |
Median Sold Price and Median List Price are omitted from this table — RPR did not report comparable 12-month or 36-month figures for either in Shrewsbury's Market Snapshot. For reference only, RPR does show a 24-month Median Sold Price of $860,000 (+51.16%) and a 24-month Median List Price of $569,000 (+88.04%); that list-price jump lines up with a change in RPR's list-price data source around mid-2024 rather than an apples-to-apples market comparison, consistent with what we've seen elsewhere in this report series. The Median Est. Home Value row above draws on the full inventory rather than a handful of closings and is the most reliable long-term trend line available this month. Source: Realtors Property Resource (RPR) Market Snapshot, 7/31/2026.
Sample of Closed Single-Family Transactions
Shrewsbury's official July closing count was 3 homes. To give a fuller picture, this section includes those 3 July closings plus 2 additional closings from early August that were already reflected in RPR's data as of this report's 8/13 pull date. Median of all 5: $1,200,000. Median $/sqft: $540. 4 of the 5 sold over asking price; 1 sold under.
| Property | Closed Price | $/sqft | Sqft | Days in RPR | List:Sold / Note |
|---|---|---|---|---|---|
| 52 Thomas Ave 4/2 • 1,920 sqft • Built 1943 • Closed 7/16 |
$1,100,000 | $573 | 1,920 | 12 | ↑ 10.55% — sold over ask |
| 90 Birch Dr 6/4 • 4,549 sqft • Built 1953 • Closed 7/31 |
$1,300,000 | $286 | 4,549 | 53 | ↓ 13.28% — sold under ask |
| 32 Heritage Dr 4/3 • 2,475 sqft • Built 1994 • Closed 7/31 |
$1,375,000 | $556 | 2,475 | 9 | ↑ 5.77% — sold over ask |
| 37 Birch Dr 3/2 • 1,713 sqft • Built 1955 • Closed 8/3* |
$925,000 | $540 | 1,713 | 10 | ↑ 8.84% — sold over ask |
| 100 Westend Ave 5/4 • 2,991 sqft • Built 1955 • Closed 8/11* |
$1,200,000 | $401 | 2,991 | 25 | ↑ 0.08% — sold over ask |
*These 2 closings fall in early August, just after this report's July 31 cutoff, and are included as bonus context only — they are not part of July's official 3-closing count reported elsewhere in this report. Source: RPR Market Activity report / MLS. List:Sold ratio as reported by RPR. $/sqft based on living area reported in MLS.
Frequently Asked Questions
What is the median single-family home price in Shrewsbury right now?
Shrewsbury's median sold price for single-family homes in July 2026 was $1,300,000, up 18.18% from June's $1,100,000. That figure is based on just 3 official closings, so the jump partly reflects which homes happened to sell — a 4,549-sqft, 6-bedroom home on Birch Dr sold for $1.3M the same month a smaller 1,713-sqft home nearby sold for $925,000. The steadier figure is the median estimated home value across all Shrewsbury single-family homes, at $1,076,800, up 12.48% over the past 12 months.
How long does it take to sell a single-family home in Shrewsbury?
Homes are moving quickly. The median time in RPR for July's closings was 12 days, down about 7.69% from roughly 13 days in June. Individual closings ranged from just 9 days (32 Heritage Dr) to 53 days (90 Birch Dr, the largest and priciest home in the sample), showing that well-positioned homes are still selling fast even as one slower-moving listing widens the range.
Are single-family homes in Shrewsbury selling over or under asking price?
Mostly over, but not universally. Shrewsbury's average list-to-sold ratio for July was 101.01%, meaning homes are, on balance, selling right around or slightly above asking. Of the 3 official July closings, 2 sold over ask (up to 10.55% over) and 1 sold under ask (down 13.28%) — that lower one was 90 Birch Dr, an older 1953-built home that spent 53 days on market before selling, a reminder that pricing and condition still matter even in a seller-favorable market.
Is it a seller's or buyer's market for single-family homes in Shrewsbury?
Seller's market, per RPR's own gauge. Months of supply sits at 1.5 — up 20% from June, but still comfortably in seller's-market territory. Combined with a 101.01% average sold-to-list ratio and a median of just 12 days on market, Shrewsbury sellers continue to hold the advantage, even as inventory has ticked up slightly from its tightest point.
How much have single-family home values increased in Shrewsbury?
Shrewsbury's median estimated single-family home value is up 12.48% over the past 12 months, from $957,320 to $1,076,800. Over three years, the increase is even more pronounced: up 33.52% from $806,500. Appreciation has, if anything, picked up pace recently — the 3-month change alone was +8.97%.
What is a good price per square foot for a single-family home in Shrewsbury?
Based on July's 3 official closings, the median sold price per square foot was $555. Active listings are running a bit lower at $518/sqft, and new listings entering the market are priced at a median of $490/sqft — a normal pattern where sellers list competitively and final sale prices land higher once demand plays out.
What is the housing market like in Shrewsbury in late summer 2026?
Shrewsbury in late summer 2026 remains a clear seller's market, though a slightly less extreme one than a few months back — months of supply rose 20% to 1.5, and active listings ticked up to 6. Demand hasn't cooled to match: pending listings rose 12.5% to 9, and the median sold price jumped to $1.3M. With only 3 official July closings, month-to-month price swings should be read with some caution, but the underlying signals — low supply, over-ask average pricing, fast days-on-market — still point toward sellers holding the advantage.
Know What Your Shrewsbury Home Is Actually Worth
Shrewsbury remains a competitive seller's market, but with only 3 official closings this month, pricing a home here takes more than a town-wide median — it takes real, current comps. Ryan Skove has closed over 750 transactions and $500M in Monmouth County real estate, and can walk you through exactly what's happening in this market.
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