Is Red Bank, NJ 07701 a buyer’s or seller’s market?
Red Bank is a seller’s market. With about 1.3 months of supply and 59% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#14 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #118 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Red Bank housing market right now
In the three months ending August 31, 2026, 59% of homes in Red Bank, NJ 07701 sold above their list price, the typical home went under contract in 17 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 109 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold faster (19 days then) and the median sale price rose 13% to $707,193. Overall, Red Bank is more competitive than a year ago, so tougher for buyers.
Within Monmouth County, homes here sell faster than in 72% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Red Bank ranks #43 of 444 NJ ZIP codes with enough sales (score 94 out of 100).
Nearby, buyers who want less competition could look at Deal 07723 (0% sold over asking) or Allenhurst 07711 (0% sold over asking), while Roosevelt 08555 (100% sold over asking) and Fair Haven 07704 (81% sold over asking) are even more competitive.
Run the numbers for 07701
Nearby markets
Allenhurst 07711Buyer’s market $2,523 /sq ftAllentown 08501Seller’s market $312 /sq ftAllenwood 08720 — /sq ftAsbury Park 07712Seller’s market $447 /sq ft Browse all markets →Towns like Red Bank nearby
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Questions about Red Bank real estate
Is Red Bank a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Red Bank, NJ 07701 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Red Bank?
The typical home went under contract in 17 days in the latest three months.
Do homes in Red Bank sell over asking?
59% of homes sold above their original list price, and the typical sale closed at 104.6% of the list price.
What are property taxes in Red Bank?
About 1.78% of a home’s value a year in Red Bank Boro, Monmouth County, or roughly $7,120 on a $400,000 home.
What is the median home price in Red Bank?
The median sale price was $707,193 in the three months ending August 31, 2026, about $472 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology