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Deal Real Estate

Monmouth County Housing Market Is Heating Up

$6.5MMedian Price
8Listings
91Days on Market

Deal Housing Market

Monmouth County has a median list price of $6.51 million and homes averaging 91 days on market. Prices are up 44.7% year-over-year as buyer activity picks up. At this price point, most buyers are cash-heavy and transact on their own schedule regardless of broader market movements.

This is one of the most expensive shore markets, with prices running about 700% above the shore-wide median. Expect luxury properties and premium beach access.

Summer is peak season for shore real estate activity. Expect competition for beachfront and ocean-view properties as seasonal buyers are most active.

Price Trends (24 Months)

$2.5M$3.6M$4.6M$5.7M$6.8MMay '24Sep '24Jan '25May '25Sep '25Jan '26Apr '26
Median List Price
Latest: $6.5M

Current Market Snapshot

Median Price
$6.51M
+44.7%YoY
Active Listings
8
Days on Market
91
Monthly Change
-1.7%

Compared to Monmouth County

ZIP Median Price
$6.5M
County Median
$814K
Difference
+700.2%above county avg

Market Health Indicators

Price Trend
+44.7%
Days on Market
91 days
Inventory
8

About Deal

Deal is a shore community in Monmouth County. Learn more about beaches, attractions, dining, and events.

Deal

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Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Deal property during summer months.

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Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$234,000
Est. Expenses (30%)-$70,200
Net Rental Income$163,800
Annual Mortgage-$415,756
Property Tax (est.)-$117,171
Annual Cash Flow$-369,127
Cap Rate
0.7%
Cash-on-Cash
-28.4%

Investment Outlook

Challenging as pure investment. Negative cash flow means you would need other income or appreciation to justify. Better suited as a vacation home with some rental offset.

* Estimates only. Consult a financial advisor and research local rental regulations. Expenses estimate includes insurance, maintenance, management, and vacancy.

Nearby ZIP Codes

07716Atlantic Highlands07732Highlands07760Sea Bright07750Monmouth Beach07740Long Branch07711Allenhurst

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Deal Real Estate FAQs

What is the median home price in Deal (07723)?
The current median list price in Deal (ZIP 07723) is approximately $6510K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.
Is Deal a good place to buy a shore home?
Deal offers its own unique character within Monmouth County. Consider factors like beach access, local amenities, commute times, and rental potential. Many buyers rent in the area first to experience the community before purchasing.
How long do homes stay on the market in 07723?
Days on market in Deal varies seasonally. Summer listings often move faster due to higher buyer activity. Check the current market metrics above to see how quickly homes are selling in this area right now.
Can I rent out my property in Deal?
Rental regulations in Deal depend on local ordinances. Some shore towns welcome short-term vacation rentals while others restrict them. Contact the local municipality for current rental permit requirements and restrictions.
What are the flood insurance costs in 07723?
Flood insurance costs in Deal depend on the property's elevation, flood zone designation, and whether the structure has been elevated. Properties in high-risk zones (A or V zones) require flood insurance for federally-backed mortgages.
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