Published October 25, 2026 in Market Update

Sales rose even with fewer homes for sale

By LORI DONNELLY

Real estate, Primary buy box (3)

56 homes sold. Up 33.3%. That is the headline number for Colts Neck and Farmingdale together, from the Real Estate Data Aggregator for the three months ending August 31, 2026. Demand showed up even as choices got thinner.

Freddie Mac put the 30-year fixed rate at 7.32% as of October 22, 2026. That is real money added to a monthly payment. Yet buyers here kept moving.

The Real Estate Data Aggregator counted only 38 homes for sale across both ZIPs, down 11.6% from a year before. Fewer listings, more sales. That gap tells you something about demand.

Colts Neck (07722): prices climbed, homes still sold fast

The Real Estate Data Aggregator put the Colts Neck median sale price at $1,825,000. That is up 25.9% from the same three months in 2025. Homes still sold in a median of 16 days. That is only 2 days longer than last year.

Sellers averaged 102.7% of their list price, per the Real Estate Data Aggregator. That slipped 1.3 points from a year before. Small, honest dip. Still above asking.

More than half of Colts Neck homes sold above list price. That share did fall 9.4 points from a year ago, per the Real Estate Data Aggregator. Not every home sailed over asking. But the majority still did.

Farmingdale (07727): sales nearly doubled, supply dropped hard

Farmingdale had a big year-over-year jump. The Real Estate Data Aggregator counted 28 homes sold, up 86.7% from the same period in 2025. Homes moved in a median of 22 days, 13 days faster than last year.

Supply fell to 1.9 months, down 3.2 months from a year before, per the Real Estate Data Aggregator. That is a tight market. Homes for sale dropped 32% to just 17 active listings.

The Farmingdale median sale price was $770,000, down 17.2% from a year before, per the Real Estate Data Aggregator. That is a real drop. It likely reflects a shift in which homes actually sold, not a collapse in value. One street can read very differently from the whole ZIP.

The bigger picture: rates are up, but so is demand

Freddie Mac reported a 30-year fixed rate of 7.32% as of October 22, 2026. Realtor.com noted rates climbed above 7% for the first time since January 2025. That is a real cost for buyers.

Nationally, the Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Local numbers here outpaced that in Colts Neck by a wide margin.

Pending sales across both ZIPs hit 57, up 16.3% from a year before, per the Real Estate Data Aggregator. That is the pipeline. More deals in progress means more closings ahead.