Manalapan, New Jersey
Average Home Sizes and Asking Prices
Updated On: January 28, 2020
Asking Price in 07726 - 3 Bedroom Single Family Homes
Homes for Sale in Manalapan
Manalapan Real Estate & Homes for Sale in New Jersey
Manalapan Township is a charming community located in Monmouth County, NJ. Recognized by Money magazine as a contender for one of the best places to live in 2007 and as one of the "hottest places to live in the East" in 2004, the quality of life here in Manalapan is excellent and any resident here can attest to that statement. Being only forty-five minutes away from New York City, Manalapan has the appeal of a tight-knit community and the nearby glamor of a major city.
One of Manalapan's main appeals is its historical significance. Some of the top attractions include Monmouth Battlefield State Park (location of the historic Battle of Monmouth), Mollie Pitcher's Well, the Lower East Side Tenement Museum, and the Metz Bicycle Museum. Other notable landmarks include the Monmouth Public Library and the Manalapan Recreation Center. If you're a golfer, Bel-Aire Golf Course, Pine Brook and Charleston Springs Golf Course are within arm's reach from this township.
Another reason why residents are proud to call Manalapan Township home is because of its excellent schools. Students are under the jurisdiction of Manalapan-Englishtown Regional School District, which also serves students from Englishtown. For higher education, Brookdale Community College and a satellite campus of Rutgers University are located nearby. Manalapan's real estate market is known to be both incredibly diverse and affordable. Single-family home prices currently average in the $345,000 range while townhouses and condominiums can be found starting at $100,000.
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Manalapan, NJ Real Estate Market: Prices of Manalapan Homes
Potential homebuyers will find that Manalapan Township's housing market is diverse and affordable. Many homes can be found in a number of neighborhoods and communities. Single-family homes in Manalapan Township can be found starting under $150,000 for charming starter homes on quiet residential streets and wooded lots. Properties priced in the high $700,000s to over $2.5 million include sprawling estates and mansions. Prices for condos and townhouses in Manalapan Township start from $100,000 to $450,000. Amenities include private garages, entrances and exits, and proximity to local golf courses.
Manalapan Real Estate Stats and Trends for the week of January 28th, 2020: homes priced around $407,287 compared to $314,746 the previous week, showing a increase of more than +23%. For Tuesday, January 28th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.