Monmouth Real Estate Market Update July 2025

Monmouth Real Estate Market Update – July 2025: Time to Recalibrate

The July numbers are in. Whether you’re thinking about buying, selling, or just love some good real estate gossip, here’s your quick and easy rundown of what’s happening.

Let’s start with the big headline: The median sales price in Monmouth hit $425,000—a modest 2.1% uptick from June, and up 4.9% year-over-year. Not exactly fireworks, but in a market that’s been through its fair share of ups and downs, this kind of price stability is actually a big deal.

But while prices held, buyers seem to be taking a breather. Closed sales were down 16.7% from June, and also down the same amount year-over-year. Fewer homes are flying off the shelves, and that’s a clear sign that buyers are slowing their roll—either due to rates, summer travel, or just market fatigue.

On the flip side, active inventory jumped by 41.1% compared to July 2024. Translation: more homes for sale, more choices, and slightly less pressure to jump on the first thing with a roof. This is great news for buyers who’ve been stuck in bidding wars or glued to Zillow at 2 a.m.

Now, for the sellers out there, don’t panic. Homes are still moving—just not at lightning speed. Median days on market inched up to 19 days, a 5.6% increase from last month. Still, that’s not bad. And sellers are still getting close to asking, with the list price received hovering at 100%.

One of the most telling signs of a market shift? Months of supply jumped to 3.8, a 26.7% increase from June. That’s the biggest jump we’ve seen in a while and it means we’re inching closer to a balanced market—one where buyers and sellers both have a seat at the table.

So, what does this mean for you?

If you’re a buyer, this could be your moment to move without the chaos. For sellers, pricing and presentation are more important than ever—but motivated buyers are still out there, and they’re watching.

So sharpen those listing photos, review your comps, and stay tuned—we’ll be watching what August brings.

This data came from the WVMLS and from Altos.