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Spruce Gardens

LAKEWOOD, NJ 08701

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

Market Analysis

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

The LAKEWOOD, NJ real estate market (08701) currently shows 247 active listings, with 78 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 84 more homes available — giving buyers more choice.

Homes are selling faster, averaging 55 days on market compared to 57 days last year.

The median listing price has fallen 53.2% year-over-year, from $699,000 to $327,000.

Whether you are buying or selling in LAKEWOOD, 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: 134,008  ·  Density: 2,091.7/mi²  ·  Median household income: $58,949

Typical home value: $406,631  ·  Homeownership: 51.6%

Market Overview

Active Listings
247
⇧ 51.5% vs 163 last year
Pending
78
32% pending ratio
Median Price
$327,000
⇩ 53.2% vs $699,000 last year
Average Price
$579,790
⇩ 29.8% vs $825,790 last year
Days on Market
55
⇩ 3.5% vs 57 days last year

Price Per Square Foot

Median $/sqft
$257
⇩ 25.5% vs $345/sqft last year
Median Home Size
1,335 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 247 this year vs 163 last year
  • Days on market: 55 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $327,000 (-53.2% YoY)
  • Average: $579,790 (-29.8% 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 10.9 miles — 1,382 listings ($1,055,741,241 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
08701Lakewood, NJ 087010.0 mi255$150,524,205$391,225$590,291
08724Brick, NJ 087244.8 mi138$99,637,794$533,000$722,013
08723Brick, NJ 087235.5 mi109$75,702,353$533,500$694,517
08753Toms River, NJ 087537.2 mi218$183,385,306$599,750$841,217
08730Brielle, NJ 087307.6 mi20$57,462,000$2,247,500$2,873,100
08527Jackson, NJ 085278.0 mi276$203,230,116$690,000$736,341
08757Toms River, NJ 087578.5 mi277$110,337,964$381,697$398,332
07727Farmingdale, NJ 077279.1 mi28$26,275,788$829,990$938,421
08750Sea Girt, NJ 087509.3 mi13$62,941,242$3,724,750$4,841,634
08733Lakehurst, NJ 087339.6 mi5$2,208,875$440,950$441,775
08741Pine Beach, NJ 087419.9 mi5$4,995,000$999,000$999,000
07762Spring Lake, NJ 0776210.3 mi24$70,202,832$2,207,000$2,925,118
08740Ocean Gate, NJ 0874010.9 mi14$8,837,766$569,900$631,269

Frequently Asked Questions

How many homes are for sale in LAKEWOOD, NJ 08701?

As of March 2026, there are 247 active listings in LAKEWOOD, NJ (zip code 08701), compared to 163 the prior year.

What is the median home price in LAKEWOOD, NJ 08701?

The median listing price in LAKEWOOD, NJ 08701 is $327,000 as of March 2026, a 53.2% decrease from $699,000 the prior year.

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

Homes in LAKEWOOD, NJ 08701 spend an average of 55 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in LAKEWOOD, NJ 08701?

Based on current inventory and days-on-market data as of March 2026, LAKEWOOD, NJ 08701 is currently a Balanced Market. Inventory has increased compared to last year, with 84 more homes available — giving buyers more choice. Homes are selling faster, averaging 55 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKEWOOD, NJ 08701 save an estimated $6,540 compared to a typical 5% commission on the median listing price of $327,000. 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.