07738 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 07738 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$1,287,500
Days to Sell
13
Homes Sold
10
Inventory
9
Sale-to-List
104.2%
New Listings
23
Price/SqFt
$434
Pending Sales
19
Jumbo Loan Likely Needed
The median home in 07738 at $1,287,500 exceeds the 2026 conforming loan limit of $1,209,750 by $77,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
07738 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 07738 are selling 4.2% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 07738 at $1,287,500 exceeds the 2026 conforming loan limit of $1,209,750 by $77,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 07738 are set at the county level.
2026 Loan Limits — Monmouth County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 07738
To purchase the median home at $1,287,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $10,014.
Monthly Payment
$10,014
Income Required
$429,189
Principal & Interest
$7,933/mo
Down Payment (5%)
$64,375
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 07738.
Estimated Monthly Payment
$8,118
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