07704 Housing Market Report April 2025•Monmouth County, New Jersey

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

07704 is a Seller's Market

Difference Since April 2024

At the same time last year, 07704 was a Neutral Market.

Insight

07704 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,437,500$594/SqFt
+$132,500
+10.2%

Based on all homes sold in the last 12 months

Insight

Homes in 07704 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 07704 was $1,437,500 in April 2025, up 10.2% from last year, and the median price per square foot was $594.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
07701
+14.0%
07704
+10.2%
07760
-6.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$750.8K$1.2M
+60.0%
3$999.4K$999.9K
0.0%
4$1.3M$1.5M
+15.6%
5$1.9M$2.1M
+12.1%

Summary: 07704 housing price by bedroom type for April 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 did not change. The home price for 4 bedroom homes increased by +15.6%. The home price for 5 bedroom homes increased by +12.1%.

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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
29Last MonthApr 2025
212 months agoMar 2025
+38.1 %
Change MoMMar – Apr

Summary: The 07704 real estate market had 29 homes for sale in Apr 2025, a 38.1 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthApr 2025
12 months agoMar 2025
+800.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
222
0.0%
358
+60.0%
4916
+77.8%
553
-40.0%

Summary: 07704 housing inventory by bedroom type for April 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 +60.0%. The inventory for 4 bedroom homes increased by +77.8%. The inventory for 5 bedroom homes decreased by -40.0%.

Asking Price vs. Sold Price

How much do homes in 07704, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in 07704, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 07704 in April 2025, up by 800.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 22% were sold at asking, and and 78% 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 Days9 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 April 2025, 9 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

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
10 DaysThis YearApr 2025
12 Days1 year agoApr 2024
-16.7 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in 07704 had an average listing age of 10 days in Apr 2025, down by 16.7% 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 05/01/2023 - 05/01/2025

IDX 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: 5/30/2025, 12:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.