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!