07724 — Monmouth County, New Jersey Market Snapshot
Housing market data for zip code 07724 in Monmouth County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
51 sales in 2026 (year to date)
Median Sale Price
$600,000
Days to Sell
19
Homes Sold
51
Inventory
41
Sale-to-List
101.5%
New Listings
77
Price/SqFt
$376
Pending Sales
63
Conforming Loan Available
Most homebuyers in 07724 can comfortably use conventional financing. The median home price of $600,000 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 07724 are moving quickly at 19 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 07724 (101.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 07724 can comfortably use conventional financing. The median home price of $600,000 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 07724 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 07724
To purchase the median home at $600,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,747.
Monthly Payment
$4,747
Income Required
$203,443
Principal & Interest
$3,697/mo
Down Payment (5%)
$30,000
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 07724.
Estimated Monthly Payment
$3,863
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