Colts Neck, NJ 07722 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. median sold price: $1,216,000 is the primary indicator of market value and recent transaction activity in Colts Neck, reflecting realized prices rather than asking expectations and serving as the best anchor for valuation decisions.
2. The gap between median listing price: $1,799,000 and median sold price: $1,216,000 suggests pricing expectations exceed realized transactions, which may indicate pricing friction and that sellers should consider aligning list strategy to recent sale levels to improve closing likelihood.
3. median days on market: 367 indicates slower sales velocity even though the market is classified as hot, suggesting transactions can still occur quickly for well-priced, market-ready homes but many listings may require price or condition adjustments to transact.
4. median market rent: $3,000 with a rent year-over-year trend of flat and interest rate pressure labeled as moderate, while current 30-year fixed mortgage rates average 6.55%, implies stable rental cashflows but financing costs remain a material consideration for buyers and investors.

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.