Is Allenwood, NJ 08720 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Allenwood is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

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

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Allenwood housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Monmouth County, NJ

Population	735
Median income	$224,671
Average income	$249,760
Median home value	$785,900
Owner-occupied	95% of homes
Median year built	1960

Natural hazard riskExtreme heat (relatively high), winter storms (relatively high), flooding (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 08720; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 08720

Prefilled for 08720Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08720Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allenhurst 07711Buyer’s market $2,523 /sq ft Allentown 08501Seller’s market $312 /sq ft Asbury Park 07712Seller’s market $447 /sq ft Atlantic Highlands 07716Seller’s market $474 /sq ft Browse all markets →

Where Allenwood is

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Questions about Allenwood real estate

What are property taxes in Allenwood?

About 1.58% of a home’s value a year in Monmouth County, where towns range from 0.41% to 2.43%, or roughly $6,304 on a $400,000 home.

Local agents

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More tools for 08720

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Monmouth County property taxes Monmouth County loan limits Closing costs in New Jersey Hottest ZIP codes in New Jersey

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology