Asbury Park, NJ 07712 Real Estate Market Report

ZIP Code: 07712
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Asbury Park, NJ, is characterized by a median sold price of $772,000, reflecting a stable market environment. While there are no specific historical price change percentages available, the current market conditions indicate slight year-over-year price appreciation. This suggests a resilient demand amidst elevated interest rates, which may be impacting affordability for potential buyers.

Transaction activity appears moderate, with 289 median days on market, indicating a slower sales velocity. The market temperature is currently assessed as neutral, suggesting a balance between buyer and seller expectations. Elevated inventory levels relative to sales activity may create pricing friction, as sellers adjust their expectations to align with market realities.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Asbury Park, NJ are averaging 6.57% compared to the 2026 average of 5.71%, presenting a potential risk for property owners who did not lock in lower rates.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $772,000 is the median sold price, indicating stable market conditions despite elevated interest rates.

2. 289 days is the median days on market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price stands at $889,000, suggesting a notable gap between seller expectations and actual market transactions.

4. Rental demand remains strong with a median market rent of $2,220, indicating consistent year-over-year rent increases despite market pressures.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.57%, which may impact buyer affordability and overall market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.