One part of the market is still moving fast and over asking
Freddie Mac put the 30-year fixed rate at 7.03% as of September 24, 2026. That's real money on a monthly payment. And yet one part of this market is still selling fast, still seeing bidding, and still closing above asking. That's the story worth understanding right now.
The tightest ZIP in the market: Beachwood (08722)
The Real Estate Data Aggregator counted the three months ending July 31, 2026 in ZIP 08722. The numbers stood out from every other ZIP in this market.
More than half of homes in 08722 sold above list price. The Real Estate Data Aggregator put the average sale-to-list ratio at 100.3%, up 3.4 points from a year ago. Median price came in at $490,000, up 11.4% from the same three months in 2025. Homes went under contract within two weeks at a 35.9% rate, up 7.7 points year over year. That is not a slow market.
If you're buying in 08722, you still need to be READY. A 7.03% rate (Freddie Mac) does not slow down a market with 2 months of supply. If you're selling there, pricing right still matters. Buyers are showing up, but they're watching.
How the rest of the market compares
Most of this market has more breathing room. The Real Estate Data Aggregator counted 1,045 homes sold and 1,172 homes for sale across all nine ZIPs in the three months ending July 31, 2026. Supply is rising in most places.
| 08722 | 08753 | 08721 | 08757 | |
|---|---|---|---|---|
| Months of supply | 2 | 2.8 | 2.2 | 3.5 |
| Median days on market | 16 | 21 | 23 | 32 |
| Sold above list | 52.8% | 43.4% | 48.9% | 23.6% |
| Median sale price | $490,000 | $560,000 | $589,500 | $355,000 |
ZIP 08753 (Toms River) is also moving. The Real Estate Data Aggregator counted 249 homes sold there, up 15.3% from a year ago. Median days on market held at 21 days, and 43.4% of homes sold above list. Supply sits at 2.8 months, still tight.
ZIP 08721 (Bayville) is similar. The Real Estate Data Aggregator put supply at 2.2 months, down 0.9 months from a year ago. Nearly half of homes, 48.9%, sold above list. Homes sold jumped 30.6% year over year. That's a real shift.
Where the market has more room
ZIP 08759 (Manchester and Whiting, home to Holiday City and Silver Ridge Park) tells a different story. The Real Estate Data Aggregator counted 4.5 months of supply there, up 0.5 months from a year ago. Only 14.2% of homes sold above list, down 3.4 points. Median days on market was 35 days. Homes are still selling, but buyers have more choices.
ZIP 08757 (Holiday City-Berkeley area) had 3.5 months of supply, up 1.4 months from a year ago. Homes for sale rose 48% year over year. The Real Estate Data Aggregator counted only 23.6% of homes selling above list, down 7.8 points. Sellers there need to price carefully.
The wider picture
The National Association of Realtors reported 4.9 months of supply nationally, the highest level in over ten years. Existing-home sales dropped 2.0% month over month in August 2026, though they're still up 1.6% year to date. Nationally, Redfin reported that 44.7% of sellers gave concessions to buyers in August, up from 42.6% a year earlier.
This market is not the national market. Supply here ranges from 1.6 months to 4.5 months depending on the ZIP. That spread matters more than any national headline.
The Federal Housing Finance Agency reported U.S. house prices rose 2.1% year over year from second quarter 2025 to second quarter 2026. Several ZIPs here beat that. ZIP 08722 was up 11.4%. ZIP 08759 was up 10.2%. ZIP 08722 was up 11.4%. Not every ZIP did, though. ZIP 08755 saw median price dip 9.5% year over year.
What this means for you
If you're buying in 08722, 08753 or 08721, expect competition. Offers above list are still common. A 16-day median in 08722 means you don't have long to think.
If you're selling in 08757 or 08759, the market is still moving. But more homes are sitting longer. Pricing is doing more of the work than it was a year ago.
One street can read differently from the whole ZIP code. These are three-month averages. Your block, your floor plan, your condition all matter. The numbers above set the context. Your specific home sets the price.
- Rates are at 7.03% (Freddie Mac).
- Supply is rising in most of this market.
- But 08722 has 2 months of supply, a 16-day median, and more than half of homes selling above list.
- The market is not one thing.
- It depends on which ZIP you're in.
Your next step
(908) 783-8682Text me your address and I'll send back where your home sits against what actually sold in your ZIP, including days on market and how many homes near you went above list. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 08757, 08755, 08721, 08759, 08722, 08753, 08741, 08732 and 08740, the three months ending July 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Sep 3, 2026.
- Freddie Mac: Mortgage Rates, read Sep 27, 2026
- National Association of Realtors: Existing-Home Sales, read Sep 27, 2026
- Federal Housing Finance Agency: U.S. House Prices Rise 2.1 Percent Year over Year; Up 0.3 percent Quarter over Quarter | FHFA, Aug 25, 2026
- Redfin: Nearly Half of Homebuyers Get Concessions From Sellers as Most Markets Tip in Buyers’ Favor, Sep 18, 2026
- Redfin: U.S. Home Prices Rose 0.25% in August, Sep 22, 2026