More homes are for sale, but contracts are taking longer
Look at this, okay? The Real Estate Data Aggregator counted 866 homes for sale across Englishtown, Marlboro, Morganville, Freehold, Holmdel, Monroe Township and Old Bridge in the three months ending August 31, 2026. That is up 12.5% from the same months last year. More competition for sellers. A little more breathing room for buyers.
But here is the thing you gotta see. The National Association of Realtors says inventory nationwide rose to 1.60 million homes in September 2026. That same pull is showing up right here. More homes on the market, but buyers are taking their time.
Pending sales are slipping
The Real Estate Data Aggregator counted 956 pending sales across this market in the three months ending August 31, 2026. That is down 5.4% from a year before. Contracts are being signed, just not as fast. Realtor.com reported September pending home sales were down 11.3% year over year nationally. So this is not just a local thing.
Rates are making buyers pause
Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. Realtor.com reported the average mortgage rate on the market right now at 7.40% as of October 22, 2026. Realtor.com also noted rates surged above 7% for the first time since January 2025. That kind of rate stops some buyers cold. It slows the pace of contracts.
ZIP by ZIP, the story changes
Check this out. Not every ZIP code is moving the same way. Marlboro saw homes sold jump 14.3% and pending sales climb 19.6%, according to the Real Estate Data Aggregator. Morganville saw homes sold drop 19.4% in the same period. Old Bridge had homes for sale jump 50%. Same market, very different streets.
| Englishtown 07726 | Marlboro 07746 | Morganville 07751 | Freehold 07728 | |
|---|---|---|---|---|
| Median sale price | $745,000 | $927,500 | $844,500 | $622,999 |
| Homes sold | 188 | 72 | 58 | 205 |
| Median days on market | 23 | 16 | 20 | 22 |
| Sale to list price | 101.9% | 103.5% | 103% | 100.5% |
| Pending sales change | -11.8% | +19.6% | -10% | -8.3% |
| Holmdel 07733 | Monroe Twp 08831 | Old Bridge 08857 | |
|---|---|---|---|
| Median sale price | $1,115,888 | $540,000 | $650,000 |
| Homes sold | 49 | 310 | 112 |
| Median days on market | 18 | 73 | 63 |
| Sale to list price | 103.9% | 99.7% | 101% |
| Pending sales change | unchanged | -1.9% | -11.4% |
Prices are still holding up, mostly
The National Association of Realtors reported existing-home prices up 1.3% in September 2026 nationwide. Here, prices dipped a little in some ZIPs. Holmdel's median sale price fell 5.4% to $1,115,888, says the Real Estate Data Aggregator. Englishtown's median slipped 0.3% to $745,000. But Monroe Township climbed 10.8% to $540,000 and Marlboro rose 9.8% to $927,500. So the picture is mixed, not broken.
How fast are homes going under contract?
The Real Estate Data Aggregator shows that in Morganville, 39.7% of homes went under contract within two weeks of listing in the three months ending August 31, 2026. That is the fastest in this market. Monroe Township was the slowest at 21.4%, and days on market there hit 73 days. Old Bridge sat at 63 days. Not every home is moving in a week. Some are sitting.
- 1Morganville 0775139.7%
- 2Old Bridge 0885734.7%
- 3Marlboro 0774634.3%
- 4Holmdel 0773334%
- 5Freehold 0772833.3%
- 6Englishtown 0772624.4%
- 7Monroe Twp 0883121.4%
Months of supply is creeping up
More homes sitting longer means more supply. The Real Estate Data Aggregator counted 3.5 months of supply in Monroe Township and 3.2 months in Old Bridge. Marlboro was tightest at 1.9 months. The National Association of Realtors reported 3.99 million existing-home sales in September 2026 nationally. Buyers have options they did not have a year ago.
- Inventory is up 12.5% across this market.
- Pending sales are down 5.4%.
- Rates are above 7%.
- Prices are mostly holding, but some ZIPs are slowing.
- If you own here, you have more competition.
- If you want to buy, you have a little more room.
- One street can read very differently from the whole ZIP code.
These are market-wide numbers for the three months ending August 31, 2026. One street can read very differently from the whole ZIP code. Your block may be moving faster or slower than what you see here. Give me a shout and I will tell you what is actually happening where you are.
Your next step
(917) 715-2947Text me your address and I will send back how many days homes like yours are taking to go under contract right now in your ZIP, against what actually sold.
Text me- Real Estate Data Aggregator numbers for ZIPs 07726, 07746, 07751, 07728, 07733, 08831 and 08857, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Oct 25, 2026
- National Association of Realtors: Existing-Home Sales, read Oct 25, 2026
- Redfin: U.S. Home Prices Ticked Up 0.25% in September, Oct 20, 2026
- Realtor.com: Weekly Housing Trends: U.S. Market Update (Week Ending Oct. 17, 2026), Oct 22, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026