Market Trends for 2025
In 2025, Monmouth County's real estate market is experiencing notable trends, particularly in home prices and the adult community sector.
Home Prices and Market Activity
Rising Home Values: As of December 2024, the median listing home price in Monmouth County reached $764,900, marking a 2% year-over-year increase.
Inventory Decline: The number of homes for sale decreased by 9.8% from December 2024 to January 2025, indicating a tightening market.
Adult Community Sector
Increased Sales: December 2024 saw a 51.5% surge in closed sales within adult communities, highlighting strong demand for 55+ housing.
Price Adjustments: Despite robust sales, median prices in this sector fell by 8.7% to $547,915, suggesting a more buyer-friendly environment.
Sustainable and Affordable Housing Initiatives
Sustainable Jersey Certification: Monmouth County municipalities are actively participating in the Sustainable Jersey program, aiming to implement eco-friendly actions and achieve certification.
Affordable Housing Efforts: Organizations like the Affordable Housing Alliance are dedicated to providing safe, affordable housing options, continuously seeking new avenues to support residents.
Flood Mitigation Measures
Buyouts and Barriers: In response to climate change, New Jersey is employing strategies such as home buyouts in flood-prone areas and constructing floodwalls in regions like Middletown to enhance resilience.
These trends reflect a dynamic real estate landscape in Monmouth County, influenced by market forces, demographic shifts, and proactive community initiatives.
