The real estate market in Asbury Park NJ is experiencing strong growth, with rising home prices, increased buyer interest, and longer time on market — making it a dynamic environment for both sellers and investors.
🏡 Current Market Snapshot (2025)
- Median Sale Price: As of August 2025, the median sale price in Asbury Park is $875,000, up 38.3% year-over-year Redfin.
- Price Per Square Foot: Homes are selling for $611 per sq ft, a 30.1% increase from last year Redfin.
- Average Days on Market: Properties now spend 44 days on market, compared to 31 days last year Redfin.
- Inventory Activity: 15 homes sold in August 2025, up from 10 the previous year — indicating growing buyer demand Redfin.
📈 Zillow & Realtor.com Insights
- Zillow Home Value Index: Average home value is $662,295, up 0.7% over the past year Zillow.
- Median Listing Price: Realtor.com reports a median listing price of $749,500, with sold homes averaging $922,500 Realtor.com.
- Pending Sales: Homes typically go pending in 48 days, suggesting a moderately paced market Zillow.
🔮 Forecast & Investment Outlook
- Short-Term Forecast: WalletInvestor predicts modest short-term growth, with prices rising from $429,265 to $440,782 over the next year WalletInvestor.com.
- Long-Term Potential: The 5-year forecast projects values reaching $482,986, signaling long-term investment viability WalletInvestor.com.
🗺️ Neighborhood Highlights
- Cookman Avenue: Popular for condos and walkable downtown living.
- Wesley Lake & Beachside: High demand for vacation-style homes and rentals.
- Arts District: Attracts creative buyers and investors looking for unique properties.
🧠 What This Means for Sellers
- High Demand: Rising prices and increased sales volume suggest strong buyer interest.
- Strategic Timing: Longer days on market mean pricing and presentation are more important than ever.
- Local Expertise Matters: Michael Mizrahi’s deep knowledge of Asbury Park’s micro-markets helps sellers price accurately and market effectively.
Final Thought:
Asbury Park NJ is more than a trendy beach town — it’s a thriving real estate market with serious momentum. Whether you’re selling a downtown condo or a lakeside retreat, working with a local expert like Michael Mizrahi ensures you make the most of every opportunity.
Sources: Redfin Zillow Realtor.com WalletInvestor.com
