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Featured local agent — Shrewsbury, NJ
Sarah Mitchell
Compass Real Estate · Shrewsbury, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shrewsbury, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.45Mmedian sale price
How is the Shrewsbury, NJ housing market right now?
The median home sale price in Shrewsbury, NJ is $1.45M, up 156.5% year-over-year. Homes sell in an average of 12 days with 3 active listings. The market is currently a strong 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 Shrewsbury a buyer's or seller's market?
Shrewsbury, NJ is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
12
Fast-moving
Active listings
3
0.5 months supply
Sale-to-list
107.7%
Above asking
What does the Shrewsbury housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.45M |
| Median list price | $1.32M |
| Year-over-year price change | +156.5% |
| Average days on market | 12 days |
| Active inventory | 3 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 107.7% |
| Median price per sq ft | $540/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 5 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Shrewsbury by property type?
How the Shrewsbury, 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 | $1.63M | $598/sq ft | 4 | 15 days |
| Condo / Co-op | $825,000 | $379/sq ft | 2 | 9 days |
Source: Redfin · Updated monthly
The Shrewsbury housing market is currently classified as a strong seller's market with a median sale price of $1.45M. Prices have risen 156.5% compared to last year, with homes spending an average of 12 days on market, indicating 0.5 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 6.9x provides context for how home values compare to local earning capacity.
Homes for sale in Shrewsbury
There are currently 3 homes listed for sale in Shrewsbury, New Jersey. The median listing price is $1.3M.
Active listings
3
Homes on market
Median list price
$1.3M
Avg. days on market
12
Days until sale
New this week
5
Newly listed
Who lives in Shrewsbury?
Population
4,162
Median income
$144,500/yr
Median age
42 years
Owner-occupied
84.1%
College grads
65.0%
Avg commute
31.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Shrewsbury?
Zillow home value
$1.00M
Price-to-income
6.9x
Source: Zillow Research
What is it like to live in Shrewsbury?
Shrewsbury is a community of approximately 4K residents with a median age of 42 years.The median household income is $144,500, which reflects a relatively affluent area with strong earning potential. 65.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Shrewsbury offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shrewsbury?
1 schools tracked · 453 students
The largest public schools serving Shrewsbury, 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.
Shrewsbury Borough Elementary School
Grades PK-8 · 453 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 Shrewsbury, NJ?
Want a head-to-head view? Compare Shrewsbury side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shrewsbury?
The median home sale price in Shrewsbury is $1.45M, up 156.5% from last year.
How long do homes stay on market in Shrewsbury?
Homes typically spend 12 days on market before going under contract.
What is the median income in Shrewsbury?
The median household income is $144,500 per year.
Is Shrewsbury a buyer's or seller's market?
With 0.5 months of supply, Shrewsbury is currently a strong seller's market.
What is the Zillow home value estimate for Shrewsbury?
The Zillow Home Value Index (ZHVI) for Shrewsbury is $1.00M, representing the typical home value in the area.
What is the median condo price in Shrewsbury?
The median condo/co-op sale price in Shrewsbury, NJ is $825,000, compared to $1.63M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Shrewsbury?
The median single-family home price in Shrewsbury, NJ is $1.63M (about $598 per square foot).
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