Is Ocean Gate, NJ 08740 a buyer’s or seller’s market?

The Ocean Gate housing market right now

In the three months ending August 31, 2026, 33% of homes in Ocean Gate, NJ 08740 sold above their list price, the typical home went under contract in 23 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold faster (31 days then) and the median sale price rose 6% to $448,806. Overall, Ocean Gate is less competitive than a year ago, which gives buyers more room.

Within Ocean County, homes here sell faster than in 61% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Ocean Gate ranks #237 of 444 NJ ZIP codes with enough sales (score 76 out of 100).

Nearby, buyers who want less competition could look at Barnegat Light 08006 (0% sold over asking) or Mantoloking 08738 (8% sold over asking), while Lakehurst 08733 (67% sold over asking) and Pine Beach 08741 (64% sold over asking) are even more competitive.