The February market has remained relatively quiet in Bay Head and Mantoloking, with only one closing (49 North Street, Bay Head - $1,990,000), and one property going under contract (our listing at 178 Cranberry Avenue, Bay Head, asking $1,500,000). Having said that, 178 Cranberry did have more than 30 showings, and did receive multiple offers. Months of supply (or how long the current inventory in a specific market will take to sell) is at 2.7 months for Bay Head, and has gone up somewhat for Mantoloking, to 5.1 months.
Inventory remains quite low in both towns, with only 8 homes on the market in the two towns combined. Recently, a number of oceanfront homes, previously listed, but unsold, have come back on the market with significant price reductions ($500,000 or more).
Happily, the weather is improving, and we are getting to the time of year when inventory typically increases.
As always, if you have any questions, please let us know.
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 3/11/2025, and are provided for the month just concluded.
$1,990,000/N/A
Average Sales Price
2.7/5.1
Months of Supply
153/N/A
Average Days on Market
Homes Sold
N/A/N/A
Sale-to-List Price
2/1
New Listings
5/3
Active Listings
1/0
Under Contract
1/0
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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