Is Spring Lake, NJ 07762 a buyer’s or seller’s market?
Spring Lake is a seller’s market. With about 3.2 months of supply and 67% 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.
#21 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #165 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 Spring Lake housing market right now
In the three months ending August 31, 2026, 67% of homes in Spring Lake, NJ 07762 sold above their list price, the typical home went under contract in 19 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 46%, homes sold more slowly (14 days then) and the median sale price fell 26% to $999,566. Overall, Spring Lake is more competitive than a year ago, so tougher for buyers.
Within Monmouth County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 87%. On our competition score, Spring Lake ranks #135 of 444 NJ ZIP codes with enough sales (score 86 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 07762
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 Spring Lake nearby
Find towns like Spring Lake in other states →Where Spring Lake is
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Questions about Spring Lake real estate
Is Spring Lake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Spring Lake, NJ 07762 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 Spring Lake?
The typical home went under contract in 19 days in the latest three months.
Do homes in Spring Lake sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 104.7% of the list price.
What are property taxes in Spring Lake?
About 0.44% of a home’s value a year in Spring Lake Boro, Monmouth County, or roughly $1,776 on a $400,000 home.
What is the median home price in Spring Lake?
The median sale price was $999,566 in the three months ending August 31, 2026, about $705 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