08742 Housing Market Report February 2025•Ocean County, New Jersey

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Housing Prices in 08742, NJ

How much do homes in 08742, NJ cost?

Housing Market Conditions

Is 08742, 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

08742 is a Seller's Market

Difference Since February 2024

Since last year, 08742 has remained a Seller's Market.

Insight

08742 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.
$756,000$470/SqFt
+$86,000
+12.8%

Based on all homes sold in the last 12 months

Insight

Homes in 08742 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 08742 was $756,000 in February 2025, up 12.8% from last year, and the median price per square foot was $470.

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
08730
+14.1%
08724
+13.8%
08742
+12.8%
08736
+12.4%
08750
-26.5%

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.
BedsFeb 2024Feb 2025Change YoY
1$334K$370K
+10.8%
2$456.5K$555K
+21.6%
3$625K$695K
+11.2%
4$872.5K$1.0M
+22.3%
5$1.5M$1.5M
-0.2%

Summary: 08742 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.8%. The home price for 2 bedroom homes increased by +21.6%. The home price for 3 bedroom homes increased by +11.2%. The home price for 4 bedroom homes increased by +22.3%. The home price for 5 bedroom homes decreased by -0.2%.

Housing supply in 08742, NJ

How many homes are available in 08742, 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
84Last MonthFeb 2025
802 months agoJan 2025
+5.0 %
Change MoMJan – Feb

Summary: The 08742 real estate market had 84 homes for sale in Feb 2025, a 5.0 % increase compared to Jan 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
18Last MonthFeb 2025
162 months agoJan 2025
+12.5 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
111
0.0%
2109
-10.0%
32028
+40.0%
42826
-7.1%
52120
-4.8%

Summary: 08742 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -10.0%. The inventory for 3 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes decreased by -7.1%. The inventory for 5 bedroom homes decreased by -4.8%.

Asking Price vs. Sold Price

How much do homes in 08742, 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 Price10 Homes

At Asking Price1 Home

Under Asking Price7 Homes

Insight

If you're buying a home in 08742, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 08742 in February 2025, up by 12.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 6% were sold at asking, and and 56% were sold over asking.

Days on Market for 08742, NJ

How long does it take to sell a home in 08742, NJ?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days4 Homes

Over 90 Days5 Homes

Insight

Many homes in 08742 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 18 homes were sold in 08742; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% 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
56 DaysThis YearFeb 2025
62 Days1 year agoFeb 2024
-9.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 08742 had an average listing age of 56 days in Feb 2025, down by 9.4% compared to the previous year.

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Newest Listings in 08742, NJ

What homes are available in 08742, NJ?

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MLS Disclaimers and Copyright

Based on information from Monmouth Ocean Regional MLS, and ALL JERSEY MLS for the period 03/01/2023 - 03/01/2025

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: 3/3/2025, 4:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.