08723 — Ocean County, New Jersey Market Snapshot
Housing market data for zip code 08723 in Ocean County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
101 sales in 2026 (year to date)
Median Sale Price
$505,000
Days to Sell
20
Homes Sold
101
Inventory
75
Sale-to-List
100.0%
New Listings
155
Price/SqFt
$381
Pending Sales
136
Conforming Loan Available
Most homebuyers in 08723 can comfortably use conventional financing. The median home price of $505,000 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 08723 are moving quickly at 20 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 08723 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08723 can comfortably use conventional financing. The median home price of $505,000 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 08723 are set at the county level.
2026 Loan Limits — Ocean 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 08723
To purchase the median home at $505,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,019.
Monthly Payment
$4,019
Income Required
$172,249
Principal & Interest
$3,112/mo
Down Payment (5%)
$25,250
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 08723.
Estimated Monthly Payment
$3,275
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