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07716 Housing Market Report June 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 Seller's Market
Difference Since June 2024
Since last year, 07716 has remained a Seller's Market.
07716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 07716 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 07716 was $770,000 in June 2025, up 9.8% from last year, and the median price per square foot was $394.
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $245K | $250K | +2.0% |
22 Bedrooms | $470K | $475K | +1.1% |
33 Bedrooms | $680K | $750K | +10.3% |
44 Bedrooms | $812.5K | $975K | +20.0% |
55+ Bedrooms | $911.7K | $1.2M | +42.3% |
Summary: 07716 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.0%. The home price for 2 bedroom homes increased by +1.1%. The home price for 3 bedroom homes increased by +10.3%. The home price for 4 bedroom homes increased by +20.0%. The home price for 5 bedroom homes increased by +42.3%.
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 |
---|---|---|
30Last MonthJun 2025 | ||
282 months agoMay 2025 | +7.1 % Change MoMMay – Jun |
Summary: The 07716 real estate market had 30 homes for sale in Jun 2025, a 7.1 % increase compared to May 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
8Last MonthJun 2025 | ||
72 months agoMay 2025 | +14.3 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 1 | -50.0% |
22 Bedrooms | 4 | 3 | -25.0% |
33 Bedrooms | 11 | 13 | +18.2% |
44 Bedrooms | 8 | 8 | 0.0% |
55+ Bedrooms | 3 | 5 | +66.7% |
Summary: 07716 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes increased by +18.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +66.7%.
Asking Price vs. Sold Price
How much do homes in 07716, NJ cost?
Over Asking Price7 Homes
At Asking Price1 Home
Under Asking Price0 Home
If you're buying a home in 07716, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 07716 in June 2025, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and and 88% 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 Days5 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Many homes in 07716 are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 8 homes were sold in 07716; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
41 DaysThis YearJun 2025 | ||
29 Days1 year agoJun 2024 | +39.4 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in 07716 had an average listing age of 41 days in Jun 2025, up by 39.4% 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 07/01/2023 - 07/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/8/2025, 11:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.