Asbury Park, NJ 07712 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

Market Trends & Context

Key Findings

1. The neighborhood's primary market-value indicator is the median sold price of 651,500, which represents the most reliable recent transaction signal for SFR and condo valuation and appears to anchor asking-price expectations in the area.
2. Sellers are presenting a higher reference with a median listing price of 699,000 versus the median sold price of 651,500, which suggests pricing friction where seller expectations may be above realized sale levels.
3. Market velocity shows a long median days on market at 357, indicating slower transaction turnover that may reflect deeper buyer underwriting or seasonal/market cycle effects rather than absolute weakness; this slower pace appears alongside a hot market temperature and an upward price trend.
4. Macro headwinds include elevated interest rate pressure; while prices and rents are trending up (median price per square foot 385, median market rent 3,100, and price year-over-year trend up), elevated interest rate pressure may constrain some buyers and prolong negotiation timelines, so sellers should consider staged pricing or stronger marketing to realize asking-price targets.

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.