Shrewsbury Township Housing Market Report March 2025•Monmouth County, New Jersey

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Housing Prices in Shrewsbury Township, NJ

How much do homes in Shrewsbury Township, NJ cost?

Housing Market Conditions

Is Shrewsbury Township, 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

Shrewsbury Township is a Seller's Market

Difference Since March 2024

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

Insight

Shrewsbury Township 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.
$740,000$370/SqFt
-$13,000
-1.7%

Based on all homes sold in the last 12 months

Insight

Homes in Shrewsbury Township have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Shrewsbury Township was $740,000 in March 2025, down 1.7% from last year, and the median price per square foot was $370.

Median Sold Price By Cities

Median Sold Price By Cities
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
Tinton Falls
+13.1%
Shrewsbury Township
-1.7%

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.
BedsMar 2024Mar 2025Change YoY
1$149K$165K
+10.7%
2$251K$309K
+23.1%
3$751K$715K
-4.8%
4$872.5K$950K
+8.9%
5$1.3M$1.4M
+2.9%

Summary: Shrewsbury Township housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +10.7%. The home price for 2 bedroom homes increased by +23.1%. The home price for 3 bedroom homes decreased by -4.8%. The home price for 4 bedroom homes increased by +8.9%. The home price for 5 bedroom homes increased by +2.9%.

How does Shrewsbury Township, NJ compare with other places?

Market comparison tool

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

Shrewsbury Township, NJ

Housing supply in Shrewsbury Township, NJ

How many homes are available in Shrewsbury Township, 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
20Last MonthMar 2025
182 months agoFeb 2025
+11.1 %
Change MoMFeb – Mar

Summary: The Shrewsbury Township real estate market had 20 homes for sale in Mar 2025, a 11.1 % increase compared to Feb 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
9Last MonthMar 2025
12 months agoFeb 2025
+800.0 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
244
0.0%
344
0.0%
478
+14.3%
534
+33.3%

Summary: Shrewsbury Township housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Shrewsbury Township, 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 Price6 Homes

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Shrewsbury Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Shrewsbury Township in March 2025, up by 800.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and and 67% were sold over asking.

Days on Market for Shrewsbury Township, NJ

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

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

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

Summary: During March 2025, 9 homes were sold in Shrewsbury Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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
27 DaysThis YearMar 2025
11 Days1 year agoMar 2024
+137.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Shrewsbury Township had an average listing age of 27 days in Mar 2025, up by 137.8% compared to the previous year.

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Newest Listings in Shrewsbury Township, NJ

What homes are available in Shrewsbury Township, NJ?

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MLS Disclaimers and Copyright

Based on information from Monmouth Ocean Regional MLS, and ALL JERSEY MLS for the period 04/01/2023 - 04/01/2025

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: 4/9/2025, 12:50:54 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: 4/9/2025, 5:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.