Market Overview
Home Prices in Matawan, NJ
The median home value in Matawan, NJ is $661,683 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Matawan are priced61% above average. Matawan is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Matawan home values have risen by approximately42.7%, reflecting strong long-term appreciation in this market.
Price History
Matawan Home Price Trend
City Comparison
Matawan vs. National Median
At $661,683, homes in Matawan cost 61% above the national median of $410,000. Buyers in Matawan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Matawan?
20% Down Payment
$132,337
on $661,683
Monthly P&I
$3,451/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,383/mo
incl. taxes & insurance
Income Needed
$175,320
gross annual (30% rule)
10% Down Option
$66,168
+ PMI applies
Loan Amount (20% dn)
$529,346
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Matawan, NJ?
The median home value in Matawan is $661,683 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Matawan?
Over the past year, home values in Matawan have increased by 3.6%. Over five years, prices have risen approximately 42.7%.
How much do I need to earn to buy a home in Matawan?
To comfortably afford the median home price of $661,683 with a 20% down payment ($132,337) at today's rates (6.8%), you'd need a gross annual income of approximately $175,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Matawan compare to the national average home price?
The national median home value is approximately $410,000. At $661,683, homes in Matawan are 61% above the national average.
What metro area is Matawan part of?
Matawan is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.