Real Estate Market Update for 07747 (Matawan, NJ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 27% from one year earlier, and up 9% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 48%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 280-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 21% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07747 (Matawan, NJ)
Area Information for 07747 (Matawan, NJ)
  • Population: 30,839
  • Median Age: 42.31 yr
  • Median Commute Time: 39 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,451/sq mi
  • Population Change Since 2000: 4.48%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbi Jacob Joseph School
  • Closest Jr. College: Brookdale Community College
  • Median Household Income: $95,250
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $295,000
  • Closest Major Sports Team: Staten Island Yankees (a)
  • Change Avg. Household Income Since 2000: 32.84%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07747 (Matawan, NJ)
Median Age: 42.31 Married: 47% Number of Households: 11,562 Households with Children: 4,110
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07747 (Matawan, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Ravine Drive Elementary School 0.8 mi Public K-3 4 0
      The Community Ymca 1.0 mi Private PRESCHOOL-K 0 0
      Matawan Montessori Academy, Llc 1.0 mi Private PRESCHOOL-K 0 0
      Baytul-iman Academy 1.1 mi Private 1-9 0 0
      Baytul Iman Academy 1.1 mi Private K-12 0 0
      Baytul-iman Academy 1.1 mi Private K-8 0 0
      Matawan Reg High School 1.4 mi Public 9-12 4 4
      Goddard School Of Old Bridge 1.4 mi Private PRESCHOOL-K 0 0
      Old Bridge High School 1.4 mi Public 9-12 3 3
      Cambridge Park Preschool 1.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      First Friends Child Care School 1.8 mi Private UNGRADE-UNGRADE 0 0
      First Friends Child Care 1.8 mi Private PRESCHOOL-K 0 0
      Lloyd Road Elementary School 1.8 mi Public 4-5 0 0
      Home Away From Home Academy 1.9 mi Private PRESCHOOL-3 0 0
      Strathmore Elementary School 1.9 mi Public K-3 4 0
      Cheesequake Elementary School 2.4 mi Public K-5 4 0
      Kindercare Learning Center 2.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Children Of America Aberdeen, Llc 2.6 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 07747 (Matawan, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.