08724 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 08724 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
146 sales in 2026 (year to date)
Median Sale Price
$519,950
Days to Sell
26
Homes Sold
146
Inventory
107
Sale-to-List
100.0%
New Listings
227
Price/SqFt
$350
Pending Sales
178
Conforming Loan Available
Most homebuyers in 08724 can comfortably use conventional financing. The median home price of $519,950 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 08724 are moving quickly at 26 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 08724 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08724 can comfortably use conventional financing. The median home price of $519,950 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 08724 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 08724
To purchase the median home at $519,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,134.
Monthly Payment
$4,134
Income Required
$177,158
Principal & Interest
$3,204/mo
Down Payment (5%)
$25,998
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 08724.
Estimated Monthly Payment
$3,368
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