NJShore Guide

08723 Real Estate

Brick Housing Market

$540KMedian Price
72Listings
51Days on Market

Brick Housing Market (08723)

Buyers may find more negotiating room in Ocean County, where prices have dipped 3.8% year-over-year. The median list price is $540,000, with homes averaging 51 days on market. Patient buyers can take their time to find the right property.

Prices are in line with the broader shore market median.

Winter is typically the slowest season for shore real estate. Serious sellers may be more flexible on price during these months.

Price Trends (24 Months)

$502K$532K$562K$592K$622KFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $540K

Current Market Snapshot

Median Price
$540K
-3.8%YoY
Active Listings
72
Days on Market
51
Monthly Change
+0.7%

Compared to Ocean County

ZIP Median Price
$540K
County Median
$518K
Difference
+4.3%above county avg

Market Health Indicators

Price Trend
-3.8%
Days on Market
51 days
Inventory
72

About Brick

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

brick

Try Before You Buy in Brick

Considering a move to 08723? Rent a vacation home first to experience the neighborhood and lifestyle before committing.

Browse Vacation Rentals

Investment Potential

Investment Calculator

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

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10%$108K50%
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Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$19,200
Est. Expenses (30%)-$5,760
Net Rental Income$13,440
Annual Mortgage-$34,483
Property Tax (est.)-$9,718
Annual Cash Flow$-30,761
Cap Rate
0.7%
Cash-on-Cash
-28.5%

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

08742Point Pleasant Beach08738Mantoloking08735Lavallette08751Seaside Heights08752Seaside Park08006Barnegat Light

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08723 Real Estate FAQs

What is the median home price in Brick (08723)?
The current median list price in Brick (ZIP 08723) is approximately $540K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.
Is Brick a good place to buy a shore home?
Brick offers its own unique character within Ocean 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 08723?
Days on market in Brick 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 Brick?
Rental regulations in Brick 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 08723?
Flood insurance costs in Brick 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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