Monroe Township, NJ 08831 Market Trends: August 2026

Monroe Township, NJ 08831, August 2026, Single Family + Condo/Townhouse/Apt.

Q: Are prices rising?

A: In Monroe Township, the median sold price for homes in August 2026 was $485,000, reflecting a month-over-month decrease of 7.62%. However, new pending listings are priced higher with a median list price of $564,790.

Q: What about inventory levels?

A: The area has a 4.77-month supply of inventory, with a significant 57.43% increase over the past year. Currently, there are 386 active listings, demonstrating a one-month inventory change of 3.92%.

Q: How quickly are homes selling?

A: Homes in Monroe Township have a median of 68 days on the market, which is a 36% increase from the previous month. New pending listings are moving somewhat faster, staying on the market for a median of 30 days.

Q: Are there many new listings?

A: Yes, there are 122 new listings with a median list price of $505,000, contributing to the area’s active market. This could be an opportunity for first-time and move-up buyers to explore various options.

Monroe Township is home to the scenic Thompson Park, offering residents ample recreational activities. For more insights and personalized advice on purchasing a home in Monroe Township, NJ 08831, contact one of our ERA Central Realty Group agents