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Ocean Grove Housing Market Report July 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 Neutral Market

Difference Since July 2024

At the same time last year, Ocean Grove was a Buyer's Market.

Insight

Ocean Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$820,000$594/SqFt
+$47,500
+6.1%

Based on all homes sold in the last 12 months

Insight

Homes in Ocean Grove have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Ocean Grove was $820,000 in July 2025, up 6.1% from last year, and the median price per square foot was $594.

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.
BedsJul 2024Jul 2025Change YoY
1$443.7K$500K
+12.7%
2$710K$650K
-8.5%
3$759.5K$876.5K
+15.4%
4$1.0M$1.1M
+8.2%
5$1.0M$1.1M
+5.7%

Summary: Ocean Grove housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes increased by +12.7%. The home price for 2 bedroom homes decreased by -8.5%. The home price for 3 bedroom homes increased by +15.4%. The home price for 4 bedroom homes increased by +8.2%. The home price for 5 bedroom homes increased by +5.7%.

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
31Last MonthJul 2025
322 months agoJun 2025
-3.1 %
Change MoMJun – Jul

Summary: The Ocean Grove real estate market had 31 homes for sale in Jul 2025, a 3.1 % decrease compared to Jun 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
5Last MonthJul 2025
72 months agoJun 2025
-28.6 %
Change MoMJun – Jul

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.
BedsJun 2025Jul 2025Change MoM
165
-16.7%
241
-75.0%
31316
+23.1%
422
0.0%
577
0.0%

Summary: Ocean Grove housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes decreased by -75.0%. The inventory for 3 bedroom homes increased by +23.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

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 Price4 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Ocean Grove, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Ocean Grove in July 2025, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and and 80% 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 Days4 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During July 2025, 5 homes were sold in Ocean Grove; 80% of homes were sold within 30 days, 20% 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
18 DaysThis YearJul 2025
7 Days1 year agoJul 2024
+140.0 %
Change YoYJul 2024 – Jul 2025

Summary: Homes in Ocean Grove had an average listing age of 18 days in Jul 2025, up by 140.0% 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, for the period 08/01/2023 - 08/01/2025

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: 8/1/2025, 5:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.