Is Shrewsbury, NJ 07702 a buyer’s or seller’s market?
Shrewsbury is a seller’s market. With about 0.9 months of supply and 57% 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.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Shrewsbury housing market right now
In the three months ending August 31, 2026, 57% of homes in Shrewsbury, NJ 07702 sold above their list price, the typical home went under contract in 13 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold faster (17 days then) and the median sale price rose 8% to $961,528. Overall, Shrewsbury is more competitive than a year ago, so tougher for buyers.
Within Monmouth County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 67%.
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 07702
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 Shrewsbury nearby
Find towns like Shrewsbury in other states →Where Shrewsbury is
Loading map…
Questions about Shrewsbury real estate
Is Shrewsbury a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Shrewsbury, NJ 07702 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 Shrewsbury?
The typical home went under contract in 13 days in the latest three months.
Do homes in Shrewsbury sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Shrewsbury?
About 1.79% of a home’s value a year in Shrewsbury Boro, Monmouth County, or roughly $7,148 on a $400,000 home.
What is the median home price in Shrewsbury?
The median sale price was $961,528 in the three months ending August 31, 2026, about $497 per square foot.
Local agents
See all agents in 07702 →No sponsored agents in 07702 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 07702
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology