July ’26 Market Update

The July 2026 numbers show a generally strong Jersey Shore housing market, particularly for single-family homes. Prices are higher than a year ago in both counties, while homes continue to sell very close to—or above—their original asking prices.

For Buyers: Competition remains significant. Monmouth County single-family homes sold for an average of 102% of original list price, while Ocean County averaged 101%. Median prices rose to $816,000 in Monmouth (+5.3%) and $634,999 in Ocean (+5.8%). The encouraging news is inventory: Ocean County single-family inventory increased slightly, while condo inventory grew 5.4% in Monmouth and 16.9% in Ocean, potentially giving condo buyers more choices and negotiating opportunities.

For Sellers: Single-family conditions remain favorable. Average sale prices jumped 13.2% in Monmouth County to $1.029 million and 10.9% in Ocean County to $785,860. Homes averaged just 29 days on market in Monmouth and 35 days in Ocean, unchanged from last year. Cash purchases also increased substantially in both counties.

The condo market is more mixed. Monmouth condo sales declined 10.3% and average prices fell 2.7%, although average market time improved dramatically from 39 to 27 days. Ocean County condos saw sales increase 10.9% and average prices rise 12.3%, but inventory climbed nearly 17% and average market time increased to 36 days.

Bottom line: Single-family sellers continue to have considerable leverage, while buyers should be prepared for well-priced homes to attract strong offers. The expanding condo inventory—particularly in Ocean County—could create better opportunities for buyers heading into the late-summer and fall market.