Is Monroeville, NJ 08343 a buyer’s or seller’s market?
Monroeville is a seller’s market. With about 2 months of supply and 44% 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.
More competitive than 74% of U.S. ZIP codes, and #295 of 444 in the state.
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. See the breakdown
The Monroeville housing market right now
In the three months ending August 31, 2026, 44% of homes in Monroeville, NJ 08343 sold above their list price, the typical home went under contract in 32 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (59 days then) and the median sale price rose 56% to $382,834. Overall, Monroeville is more competitive than a year ago, so tougher for buyers.
Within Salem County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Monroeville ranks #295 of 444 NJ ZIP codes with enough sales (score 70 out of 100).
Nearby, buyers who want less competition could look at Quinton 08072 (0% sold over asking) or Alloway 08001 (0% sold over asking).
Run the numbers for 08343
Nearby markets
Alloway 08001Seller’s market $94 /sq ftDeepwater 08023 — /sq ftElmer 08318Seller’s market $198 /sq ftHancocks Bridge 08038 — /sq ft Browse all markets →Towns like Monroeville nearby
Find towns like Monroeville in other states →Where Monroeville is
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Questions about Monroeville real estate
Is Monroeville a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Monroeville, NJ 08343 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 Monroeville?
The typical home went under contract in 32 days in the latest three months.
Do homes in Monroeville sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Monroeville?
About 2.74% of a home’s value a year in Salem County, where towns range from 1.06% to 4.50%, or roughly $10,960 on a $400,000 home.
What is the median home price in Monroeville?
The median sale price was $382,834 in the three months ending August 31, 2026, about $221 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