These Shocking Monmouth County, NJ Home Value Increases Will Blow Your Mind
These home values just keep going up and up...
A few months ago, I showed you some of the most shocking home value increases in Ocean County. Since the results were so crazy, I decided to take a look at the homes in Monmouth County...and boy was it just as good. Have you taken a look around Zillow lately?
Before we dive in, here's a reminder of how I got these results. First, the 2022 value of the home is the price it's being sold for. I got a little feedback that the Zestimate section isn't the most reliable, so this time I looked at the last price the home was sold for, with the farthest year going back to 2019.
In order to calculate the percent of the home value increase, I used a formula from Premier Atlanta Real Estate's website, which was to subtract the old price from the new price, and then divide that number by the old price. Once I got that number, I moved the decimal point over 2 places to the right to get my percent.
Hooray for math!
Just look at this increase - this Spring Lake home increased by more than half the original amount in just under 3 years. And you know that's not the craziest one I found...
If you're buying a home right now, let me just tell you I feel for you, especially after taking a look at these home value increases over the past few months.
Take a deep breath, and try not to lose your mind as you look at the most shocking home value increases in Monmouth County!
Shocking Home Value Increases in Monmouth County
Gallery Credit: Diana Tyler
Now check out the most shocking home value increases in Ocean County
Gallery Credit: Diana Tyler
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