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07716 Housing Market Report March 2025•Monmouth County, New Jersey
Housing Prices in 07716, NJ
How much do homes in 07716, NJ cost?
Housing Market Conditions
Is 07716, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
07716 is a Buyer's Market
Difference Since March 2024
At the same time last year, 07716 was a Seller's Market.
Insight
07716 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$730,000$388/SqFt
+$30,000
+4.3%
Based on all homes sold in the last 12 months
Insight
Homes in 07716 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 07716 was $730,000 in March 2025, up 4.3% from last year, and the median price per square foot was $388.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $235K | $251K | +6.8% |
| 22 Bedrooms | $491.5K | $500K | +1.7% |
| 33 Bedrooms | $685K | $750K | +9.5% |
| 44 Bedrooms | $799.9K | $827.5K | +3.4% |
| 55+ Bedrooms | $927K | $1.1M | +19.7% |
Summary: 07716 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +6.8%. The home price for 2 bedroom homes increased by +1.7%. The home price for 3 bedroom homes increased by +9.5%. The home price for 4 bedroom homes increased by +3.4%. The home price for 5 bedroom homes increased by +19.7%.
How does 07716, NJ compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
07716, NJ
Housing supply in 07716, NJ
How many homes are available in 07716, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 25Last MonthMar 2025 | ||
| 252 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Summary: The 07716 real estate market had 25 homes for sale in Mar 2025, the same as Feb 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthMar 2025 | ||
| 52 months agoFeb 2025 | -40.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 4 | +33.3% |
| 22 Bedrooms | 4 | 1 | -75.0% |
| 33 Bedrooms | 8 | 8 | 0.0% |
| 44 Bedrooms | 7 | 10 | +42.9% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: 07716 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -75.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in 07716, NJ cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in 07716, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 07716 in March 2025, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and and 33% were sold over asking.
Days on Market for 07716, NJ
How long does it take to sell a home in 07716, NJ?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in 07716 are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 3 homes were sold in 07716; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 80 DaysThis YearMar 2025 | ||
| 15 Days1 year agoMar 2024 | +412.8 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in 07716 had an average listing age of 80 days in Mar 2025, up by 412.8% compared to the previous year.
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Newest Listings in 07716, NJ
What homes are available in 07716, NJ?
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MLS Disclaimers and Copyright
Based on information from Monmouth Ocean Regional MLS, for the period 04/01/2023 - 04/01/2025
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: 4/6/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.