07748 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 07748 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
65 sales in 2026 (year to date)
Median Sale Price
$799,000
Days to Sell
17
Homes Sold
65
Inventory
34
Sale-to-List
104.9%
New Listings
107
Price/SqFt
$355
Pending Sales
89
Conforming Loan Available
Most homebuyers in 07748 can comfortably use conventional financing. The median home price of $799,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 07748 are moving quickly at 17 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 07748 are selling 4.9% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 07748 can comfortably use conventional financing. The median home price of $799,000 is well below the 2026 conforming loan limit of $1,209,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 07748 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 07748
To purchase the median home at $799,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,272.
Monthly Payment
$6,272
Income Required
$268,786
Principal & Interest
$4,923/mo
Down Payment (5%)
$39,950
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 07748.
Estimated Monthly Payment
$5,095
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