Ocean Grove Housing Market Report April 2025•Monmouth County, New Jersey

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Housing Prices in Ocean Grove, NJ

How much do homes in Ocean Grove, NJ cost?

Housing Market Conditions

Is Ocean Grove, 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

Ocean Grove is a Seller's Market

Difference Since April 2024

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

Insight

Ocean Grove 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.
$788,500$575/SqFt
+$3,500
0.4%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Ocean Grove has remained the same since last year.

Summary: The median home sold price in Ocean Grove was $788,500 in April 2025, up 0.4% from last year, and the median price per square foot was $575.

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$482.5K$499K
+3.4%
2$666.3K$657.5K
-1.3%
3$745K$868K
+16.5%
4$999K$1.2M
+22.6%
5$1.1M$1.0M
-6.9%

Summary: Ocean Grove housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.4%. The home price for 2 bedroom homes decreased by -1.3%. The home price for 3 bedroom homes increased by +16.5%. The home price for 4 bedroom homes increased by +22.6%. The home price for 5 bedroom homes decreased by -6.9%.

How does Ocean Grove, NJ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Ocean Grove, NJ

Housing supply in Ocean Grove, NJ

How many homes are available in Ocean Grove, 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
30Last MonthApr 2025
212 months agoMar 2025
+42.9 %
Change MoMMar – Apr

Summary: The Ocean Grove real estate market had 30 homes for sale in Apr 2025, a 42.9 % 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
7Last MonthApr 2025
02 months agoMar 2025
+100.0 %
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
136
+100.0%
246
+50.0%
356
+20.0%
454
-20.0%
548
+100.0%

Summary: Ocean Grove housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Ocean Grove, 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 Price2 Homes

At Asking Price0 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Ocean Grove, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Ocean Grove in April 2025, up by 100.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and and 29% were sold over asking.

Days on Market for Ocean Grove, NJ

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

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

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

Summary: During April 2025, 7 homes were sold in Ocean Grove; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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
36 DaysThis YearApr 2025
34 Days1 year agoApr 2024
+3.3 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Ocean Grove had an average listing age of 36 days in Apr 2025, up by 3.3% compared to the previous year.

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Newest Listings in Ocean Grove, NJ

What homes are available in Ocean Grove, NJ?

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Nearby markets aren't available for Ocean Grove, NJ

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MLS Disclaimers and Copyright

Based on information from Monmouth Ocean Regional MLS, ALL JERSEY MLS, and South Jersey Shore 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: 5/17/2025, 8:20:33 AM 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: 5/17/2025, 8:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/17/2025, 8:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.