Is Middletown, NJ 07748 a buyer’s or seller’s market?
Middletown is a seller’s market. With about 1.3 months of supply and 69% 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.
#4 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #54 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 Middletown housing market right now
In the three months ending August 31, 2026, 69% of homes in Middletown, NJ 07748 sold above their list price, the typical home went under contract in 16 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 110 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 56%, homes sold about as fast and the median sale price rose 6% to $814,647. Overall, Middletown is more competitive than a year ago, so tougher for buyers.
Within Monmouth County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Middletown ranks #23 of 444 NJ ZIP codes with enough sales (score 96 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 07748
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 Middletown nearby
Find towns like Middletown in other states →Where Middletown is
Loading map…
Questions about Middletown real estate
Is Middletown a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Middletown, NJ 07748 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 Middletown?
The typical home went under contract in 16 days in the latest three months.
Do homes in Middletown sell over asking?
69% of homes sold above their original list price, and the typical sale closed at 105.2% of the list price.
What are property taxes in Middletown?
About 1.74% of a home’s value a year in Middletown Twp, Monmouth County, or roughly $6,940 on a $400,000 home.
What is the median home price in Middletown?
The median sale price was $814,647 in the three months ending August 31, 2026, about $413 per square foot.
Local agents
See all agents in 07748 →No sponsored agents in 07748 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 07748
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology