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Featured local agent — Ocean Grove, NJ
Sarah Mitchell
Compass Real Estate · Ocean Grove, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ocean Grove, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$889,000median sale price
How is the Ocean Grove, NJ housing market right now?
The median home sale price in Ocean Grove, NJ is $889,000, up 1.6% year-over-year. Homes sell in an average of 17 days with 18 active listings. The market is currently a seller's 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 Ocean Grove a buyer's or seller's market?
Ocean Grove, NJ is currently a seller's market, based on 2.0 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
17
Fast-moving
Active listings
18
2.0 months supply
Sale-to-list
100.5%
Above asking
What does the Ocean Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $889,000 |
| Median list price | $949,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 17 days |
| Active inventory | 18 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $698/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 14 |
| Listings with a price cut | 22.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ocean Grove by property type?
How the Ocean Grove, 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 | $999,000 | $712/sq ft | 5 | 15 days |
| Condo / Co-op | $450,000 | $752/sq ft | 2 | 18 days |
Source: Redfin · Updated monthly
The Ocean Grove housing market is currently classified as a seller's market with a median sale price of $889,000. Prices have risen 1.6% compared to last year, with homes spending an average of 17 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Ocean Grove
There are currently 18 homes listed for sale in Ocean Grove, New Jersey. The median listing price is $949K.
Active listings
18
Homes on market
Median list price
$949K
Avg. days on market
17
Days until sale
New this week
14
Newly listed
Who lives in Ocean Grove?
Population
2,916
Median income
$74,410/yr
Median age
62.1 years
Owner-occupied
61.7%
College grads
66.3%
Avg commute
30.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Ocean Grove?
Ocean Grove is a community of approximately 3K residents with a median age of 62.1 years.The median household income is $74,410, which represents a working-class community with solid middle-income opportunities. 66.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 61.7%, showing a blend of owner and renter-occupied properties. The average commute time is 30.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Ocean Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Ocean Grove, NJ?
Want a head-to-head view? Compare Ocean Grove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ocean Grove?
The median home sale price in Ocean Grove is $889,000, up 1.6% from last year.
How long do homes stay on market in Ocean Grove?
Homes typically spend 17 days on market before going under contract.
What is the median income in Ocean Grove?
The median household income is $74,410 per year.
Is Ocean Grove a buyer's or seller's market?
With 2.0 months of supply, Ocean Grove is currently a seller's market.
What is the median condo price in Ocean Grove?
The median condo/co-op sale price in Ocean Grove, NJ is $450,000, compared to $999,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Ocean Grove?
The median single-family home price in Ocean Grove, NJ is $999,000 (about $712 per square foot).
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