Bay Head & Mantoloking Market Update - December 2023
As the year comes to a close, we hope that you are looking forward to the holidays! As is typical this time of year, though we had a strong 4th quarter, the market has slowed as we approach the holidays. Some homes have come off the market, unsold, as owners wait to see what 2024 will bring. Having said that, buyers are still making offers - in just the last week, a listing of ours went under contract, and a client of ours has entered into an agreement to buy their next home.
Overall, the market remains healthy, and it is still a good opportunity for buyers and sellers. Happily, interest rates are down to 7%, and in some cases as low as 6.75%. And, independent of interest rates, there are still cash buyers active in the market.
You can search and browse all listings here. Though prices remain strong, proper pricing and marketing remain important.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will help you to better track the pulse of the market.
Note that we are now providing town statistics in a new format. The number before the slash (/) is for Bay Head, the number after the slash is for Mantoloking. This way, we can provide you with more detailed information. NOTE: You may see that some numbers are marked 0 or NA - per the MLS there is no data for that statistic for this time period - eg - no closings, or no new listings.
NEW: If a ↑ or a ↓ accompanies a statistic, that is the direction of the trend from the previous month's number - up or down.
If you would like to talk about the market, your property, or anything else, please let us know. All conversations are confidential.
Statistics are per the Monmouth/Ocean MLS as of 12/11/23, and are provided for the month just concluded.
N/A/$4,606,250
Average Sales Price
3.1/9.6
Months of Supply
N/A/83
Average Days on Market
Homes Sold
N/A%/97.3%
Sale-to-List Price
5/0
New Listings
6/8
Active Listings
1/0
Under Contract
0/2
Closed Sales
Curious about whatyour home is worth now?
Get an accurate home value report from us, or, if you have another question, just let us know!
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