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Featured local agent — Red Bank, NJ
Sarah Mitchell
Compass Real Estate · Red Bank, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red Bank, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$715,000median sale price
How is the Red Bank, NJ housing market right now?
The median home sale price in Red Bank, NJ is $715,000, up 5.1% year-over-year. Homes sell in an average of 31 days with 39 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 Red Bank a buyer's or seller's market?
Red Bank, NJ is currently a seller's market, based on 2.8 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
31
Average pace
Active listings
39
2.8 months supply
Sale-to-list
101.5%
Above asking
What does the Red Bank housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $715,000 |
| Median list price | $825,000 |
| Year-over-year price change | +5.1% |
| Average days on market | 31 days |
| Active inventory | 39 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 101.5% |
| Median price per sq ft | $428/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 32 |
| Listings with a price cut | 20.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Red Bank by property type?
How the Red Bank, 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 | $840,000 | $359/sq ft | 6 | 29 days |
| Condo / Co-op | $447,500 | $448/sq ft | 6 | 20 days |
Source: Redfin · Updated monthly
The Red Bank housing market is currently classified as a seller's market with a median sale price of $715,000. Prices have risen 5.1% compared to last year, with homes spending an average of 31 days on market, indicating 2.8 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 7.2x provides context for how home values compare to local earning capacity.
Homes for sale in Red Bank
There are currently 39 homes listed for sale in Red Bank, New Jersey. The median listing price is $825K.
Active listings
39
Homes on market
Median list price
$825K
Avg. days on market
31
Days until sale
New this week
32
Newly listed
Who lives in Red Bank?
Population
12,864
Median income
$101,738/yr
Median age
39.7 years
Owner-occupied
50.1%
College grads
52.0%
Avg commute
30.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Red Bank?
Zillow home value
$733,262
Zillow rent index
$3,095/mo
Price-to-rent ratio
19.7x
Price-to-income
7.2x
Source: Zillow Research
What is it like to live in Red Bank?
Red Bank is a community of approximately 13K residents with a median age of 39.7 years.The median household income is $101,738, which reflects a relatively affluent area with strong earning potential. 52.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 50.1%, showing a blend of owner and renter-occupied properties. The average commute time is 30.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Red Bank offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Red Bank?
4 schools tracked · 1,348 students
The largest public schools serving Red Bank, 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.
Red Bank Middle School
Grades 4-8 · 599 students
Fairview Elementary School
Grades PK-5 · 300 students
River Plaza Elementary School
Grades K-5 · 262 students
Red Bank Charter School
Grades PK-8 · 187 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 Red Bank, NJ?
Want a head-to-head view? Compare Red Bank side-by-side with any other U.S. city using our market-comparison tool.
Is Red Bank a good real estate investment market?
For investors evaluating Red Bank, the price-to-rent ratio of 19.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.1% 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 Red Bank's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Red Bank's median home price.
Frequently asked questions
What is the average home price in Red Bank?
The median home sale price in Red Bank is $715,000, up 5.1% from last year.
How long do homes stay on market in Red Bank?
Homes typically spend 31 days on market before going under contract.
What is the median income in Red Bank?
The median household income is $101,738 per year.
Is Red Bank a buyer's or seller's market?
With 2.8 months of supply, Red Bank is currently a seller's market.
What is the Zillow home value estimate for Red Bank?
The Zillow Home Value Index (ZHVI) for Red Bank is $733,262, representing the typical home value in the area.
What is the median condo price in Red Bank?
The median condo/co-op sale price in Red Bank, NJ is $447,500, compared to $840,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Red Bank?
The median single-family home price in Red Bank, NJ is $840,000 (about $359 per square foot).
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