Why Live in Shrewsbury
Shrewsbury, New Jersey, is a small town characterized by its historic charm and community pride. Sycamore Avenue, lined with award-winning sycamore trees, is a testament to the town's dedication to maintaining its natural beauty. The Four Corners area, where Sycamore Avenue and Broad Street intersect, features three historic churches and the Allen House, a museum that dates back to 1710. Shrewsbury Borough School, serving pre-kindergarten through eighth grade, is noted for its low student-to-teacher ratio, contributing to its high rating. The town boasts several well-maintained parks, including Manson Park, which offers facilities for baseball, basketball, tennis, and a community garden. Shopping needs are met within the town's borders at two shopping centers, with The Grove outdoor mall featuring major retailers like Banana Republic and Sephora. Dining options include Americana Diner for breakfast and Albariño Tapas & Wine Bar for dinner. Shrewsbury's location provides easy access to the beach, major highways, and public transportation, including New Jersey Transit and a commuter ferry to New York City. The town is a mix of retirees and professionals, many of whom are lifelong residents. Homes in Shrewsbury are highly sought after, reflecting the town's appeal and the care its residents put into maintaining its features.
Frequently Asked Questions
What is the average home price in Shrewsbury, NJ?
Homes for sale in Shrewsbury, NJ have an average home price of $862,578.
Are home prices dropping in Shrewsbury?
Yes, home prices in Shrewsbury are down 30% in the last 12 months.
How many homes have sold over the last 12 months in Shrewsbury, NJ?
19 homes have sold in Shrewsbury, NJ over the last 12 months.
What are the most popular zip codes in Shrewsbury, NJ?
How much do you need to make to afford a house in Shrewsbury?
The median home price in Shrewsbury is $699,000. If you put a 20% down payment of $139,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,620 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $155K a year to afford the median home price in Shrewsbury.
How are the schools in Shrewsbury, NJ?
Home Trends in Shrewsbury, NJ
On average, homes in Shrewsbury, NJ sell after 14 days on the market compared to the national average of 70 days. The median sale price for homes in Shrewsbury, NJ over the last 12 months is $699,000, down 43% from the median home sale price over the previous 12 months.
Median Sale Price
$699,000
Average Price Per Sq Ft
$324
Number of Homes for Sale
0
Last 12 months Home Sales
19
Median List Price
$699,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-43%