Market Intelligence · NJ / Monroe Township

Monroe Township, NJ 08831 Housing Market

The typical home in Monroe Township, NJ 08831 is worth $609,203, up 1.8% over the past year. The median list price stands at $474,950, with homes spending a median of 49 days on market as of September 2026.

Updated September 2026Median value$604K

The median home value in Monroe Township, NJ 08831 is $604K as of September 2026, up 1.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 08831 range

$555K to $652K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.8% over 12 months

Sep 2025$593K

Low $593KHigh $604K

Sep 2026$604K

The numbers

What is the 08831 housing market like?

As of September 2026

Typical home value

$604K

1.8%YoY

Median list price

$475K

0.0%MoM

Days on market

8.9%MoM

Homes for sale

256

1.6%MoM

Price cuts

13.4%

9.1%MoM

New listings

102

2.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

08831 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 08831 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 08831 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 08831?

Zillow's forecast does not call for a drop: it expects typical home values in 08831 to rise 2.1% by September 2027, after a 1.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 08831 home prices compare?

08831$603,744
Monroe Township$603,744
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Monroe Township: 1 ZIP; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Monroe Township's market shows moderate activity, with 256 homes for sale and 102 new listings entering the market in September 2026. About 13.4% of listings have seen price cuts, suggesting some sellers are adjusting expectations. The median time of 49 days reflects a market moving at a steady pace. Home values have gained ground over the past year, but the price-cut share indicates that not all properties are attracting buyer interest at initial ask. Sellers should price thoughtfully and be prepared for a deliberate sales process.

Monthly payment

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Home price

Down payment20% · $120,749

Term

Rate (%)

Human help

Licensed pros in 08831.

Primary seat

John R. Wuertz

Lic #0231089 NJ

Common questions

What people ask us.

What is a typical home worth in Monroe Township, NJ 08831?

The typical home value is $609,203 as of August 2026, representing a 1.8% increase over the past year.

How long do homes usually take to sell here?

The median time on market is 49 days as of September 2026.

How many homes are currently for sale?

There are 256 homes for sale as of September 2026, with 102 new listings added that month.

Discover

Nearby ZIP markets.

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