4 days on Rocket
#22520598, Jodi L Thatcher, Listing office: Coldwell Banker Realty
07704 Housing Market Report June 2025•Monmouth County, New Jersey
Housing Prices in 07704, NJ
How much do homes in 07704, NJ cost?
Housing Market Conditions
Is 07704, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
07704 is a Seller's Market
Difference Since June 2024
Since last year, 07704 has remained a Seller's Market.
Insight
07704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,500,000$601/SqFt
+$227,639
+17.9%
Based on all homes sold in the last 12 months
Insight
Homes in 07704 have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in 07704 was $1,500,000 in June 2025, up 17.9% from last year, and the median price per square foot was $601.
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $750.8K | $1.2M | +60.0% |
| 33 Bedrooms | $999.9K | $999K | -0.1% |
| 44 Bedrooms | $1.3M | $1.6M | +27.8% |
| 55+ Bedrooms | $1.6M | $2.0M | +22.3% |
Summary: 07704 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +60.0%. The home price for 3 bedroom homes decreased by -0.1%. The home price for 4 bedroom homes increased by +27.8%. The home price for 5 bedroom homes increased by +22.3%.
How does 07704, NJ compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
07704, NJ
Housing supply in 07704, NJ
How many homes are available in 07704, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 30Last MonthJun 2025 | ||
| 292 months agoMay 2025 | +3.4 % Change MoMMay – Jun |
Summary: The 07704 real estate market had 30 homes for sale in Jun 2025, a 3.4 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthJun 2025 | ||
| 92 months agoMay 2025 | +22.2 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 9 | 11 | +22.2% |
| 44 Bedrooms | 14 | 12 | -14.3% |
| 55+ Bedrooms | 5 | 6 | +20.0% |
Summary: 07704 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +22.2%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes increased by +20.0%.
Asking Price vs. Sold Price
How much do homes in 07704, NJ cost?
Over Asking Price6 Homes
At Asking Price2 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in 07704, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 07704 in June 2025, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and and 55% were sold over asking.
Days on Market for 07704, NJ
How long does it take to sell a home in 07704, NJ?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in 07704 are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 11 homes were sold in 07704; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 12 DaysThis YearJun 2025 | ||
| 9 Days1 year agoJun 2024 | +32.6 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in 07704 had an average listing age of 12 days in Jun 2025, up by 32.6% compared to the previous year.
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Newest Listings in 07704, NJ
What homes are available in 07704, NJ?
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MLS Disclaimers and Copyright
Based on information from Monmouth Ocean Regional MLS, for the period 07/01/2023 - 07/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.