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RED BANK, NJ 07701

Real Estate Market Report  ·  Monmouth County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RED BANK, NJ real estate market (07701) currently shows 57 active listings, with 29 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 45 days on market compared to 29 days last year.

The median listing price has fallen 14.1% year-over-year, from $715,000 to $614,000.

Whether you are buying or selling in RED BANK, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25,253  ·  Density: 1,065.1/mi²  ·  Median household income: $109,911

Typical home value: $496,409  ·  Homeownership: 66.2%

Market Overview

Active Listings
57
⇩ 29.6% vs 81 last year
Pending
29
51% pending ratio
Median Price
$614,000
⇩ 14.1% vs $715,000 last year
Average Price
$978,669
⇩ 12.1% vs $1,113,717 last year
Days on Market
45
⇧ 55.2% vs 29 days last year

Price Per Square Foot

Median $/sqft
$480
⇧ 14% vs $421/sqft last year
Median Home Size
1,261 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 57 this year vs 81 last year
  • Days on market: 45 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $614,000 (-14.1% YoY)
  • Average: $978,669 (-12.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.7 miles — 575 listings ($1,025,030,309 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07701Red Bank, NJ 077010.0 mi55$49,505,390$466,725$900,098
07702Shrewsbury, NJ 077022.6 mi5$6,722,500$1,344,500$1,344,500
07738Lincroft, NJ 077383.0 mi7$11,460,106$1,241,750$1,637,158
07737Leonardo, NJ 077373.5 mi7$5,065,900$625,000$723,700
07760Rumson, NJ 077603.9 mi45$174,545,415$2,972,500$3,878,787
07724Eatontown, NJ 077244.3 mi72$77,456,520$860,000$1,075,785
07758Port Monmouth, NJ 077585.0 mi10$6,043,460$611,950$604,346
07750Monmouth Beach, NJ 077505.1 mi25$55,448,625$1,575,000$2,217,945
07740Long Branch, NJ 077406.4 mi176$356,737,568$1,499,750$2,026,918
07732Highlands, NJ 077326.7 mi17$13,071,300$812,500$768,900
07722Colts Neck, NJ 077226.9 mi23$52,125,958$1,924,925$2,266,346
07712Asbury Park, NJ 077127.9 mi124$159,799,420$969,000$1,288,705
07723Deal, NJ 077238.7 mi9$57,048,147$5,562,250$6,338,683

Frequently Asked Questions

How many homes are for sale in RED BANK, NJ 07701?

As of March 2026, there are 57 active listings in RED BANK, NJ (zip code 07701), compared to 81 the prior year.

What is the median home price in RED BANK, NJ 07701?

The median listing price in RED BANK, NJ 07701 is $614,000 as of March 2026, a 14.1% decrease from $715,000 the prior year.

How long do homes stay on the market in RED BANK, NJ?

Homes in RED BANK, NJ 07701 spend an average of 45 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in RED BANK, NJ 07701?

Based on current inventory and days-on-market data as of March 2026, RED BANK, NJ 07701 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 29 days last year.

How much can I save on real estate commission in RED BANK, NJ?

With SELL123.com's maximum 3% commission, sellers in RED BANK, NJ 07701 save an estimated $12,280 compared to a typical 5% commission on the median listing price of $614,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.