‘The Netflix effect’ just made this New Jersey home sell for $500K above ask
A home in Little Silver, New Jersey, sold for $2.6 million, significantly above its $2.1 million asking price. This sale is attributed to the 'Netflix effect,' as the streaming company is building a $900 million studio nearby. The increased demand for housing in the area has led to heightened competition and rising prices.
- ▪The home sold for $500,000 above its asking price, marking a 24% increase.
- ▪The Netflix studio being built in Monmouth County has driven demand for local real estate.
- ▪The property attracted 40 groups to open houses and had multiple offers within days of listing.
Opening excerpt (first ~120 words) tap to expand
Real Estate ‘The Netflix effect’ just made this New Jersey home sell for $500K above ask By Zachary Kussin Published May 28, 2026, 3:14 p.m. ET See more of our coverage in your search results. Add The New York Post on Google What happens when Netflix builds a massive studio in suburban New York City? It sends local house prices through the roof. NJ.com reports a five-bedroom residence in Little Silver, N.J. traded hands last week for $2.6 million — a hearty $500,000, or 24%, above its $2.1 million asking price. The reason? It’s “the Netflix effect,” according to local real-estate professionals. The streaming giant is building a $900 million studio in Monmouth County — where Little Silver stands — which has fueled demand for living there, and prices to boot.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
