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Featured local agent — Matawan, NJ
Sarah Mitchell
Compass Real Estate · Matawan, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Matawan, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$705,000median sale price
How is the Matawan, NJ housing market right now?
The median home sale price in Matawan, NJ is $705,000, up 7.1% year-over-year. Homes sell in an average of 149 days with 10 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Matawan a buyer's or seller's market?
Matawan, NJ is currently a balanced market, based on 5.0 months of supply and homes selling in about 149 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
149
Average pace
Active listings
10
5.0 months supply
Sale-to-list
101.3%
Above asking
What does the Matawan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $705,000 |
| Median list price | $492,500 |
| Year-over-year price change | +7.1% |
| Average days on market | 149 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 101.3% |
| Median price per sq ft | $470/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Matawan by property type?
How the Matawan, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $705,000 | $470/sq ft | 2 | 149 days |
| Condo / Co-op | $359,900 | $444/sq ft | 1 | 14 days |
Source: Redfin · Updated monthly
The Matawan housing market is currently classified as a balanced market with a median sale price of $705,000. Prices have risen 7.1% compared to last year, with homes spending an average of 149 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Matawan
There are currently 10 homes listed for sale in Matawan, New Jersey. The median listing price is $493K.
Active listings
10
Homes on market
Median list price
$493K
Avg. days on market
149
Days until sale
New this week
2
Newly listed
Who lives in Matawan?
Population
9,636
Median income
$122,026/yr
Median age
35.8 years
Owner-occupied
57.2%
College grads
44.1%
Avg commute
30.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Matawan?
Zillow home value
$661,683
Zillow rent index
$2,571/mo
Price-to-rent ratio
21.5x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Matawan?
Matawan is a community of approximately 10K residents with a median age of 35.8 years.The median household income is $122,026, which reflects a relatively affluent area with strong earning potential. 44.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 57.2%, showing a blend of owner and renter-occupied properties. The average commute time is 30.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Matawan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Matawan?
3 schools tracked · 3,268 students
The largest public schools serving Matawan, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Old Bridge High School
Grades 9-12 · 2,637 students
Ravine Drive Elementary School
Grades PK-3 · 399 students
Cheesequake School
Grades PK · 232 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Matawan, NJ?
Want a head-to-head view? Compare Matawan side-by-side with any other U.S. city using our market-comparison tool.
Is Matawan a good real estate investment market?
For investors evaluating Matawan, the price-to-rent ratio of 21.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Matawan's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Matawan's median home price.
Frequently asked questions
What is the average home price in Matawan?
The median home sale price in Matawan is $705,000, up 7.1% from last year.
How long do homes stay on market in Matawan?
Homes typically spend 149 days on market before going under contract.
What is the median income in Matawan?
The median household income is $122,026 per year.
Is Matawan a buyer's or seller's market?
With 5.0 months of supply, Matawan is currently a balanced market.
What is the Zillow home value estimate for Matawan?
The Zillow Home Value Index (ZHVI) for Matawan is $661,683, representing the typical home value in the area.
What is the median condo price in Matawan?
The median condo/co-op sale price in Matawan, NJ is $359,900, compared to $705,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Matawan?
The median single-family home price in Matawan, NJ is $705,000 (about $470 per square foot).
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