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    Bay Head & Mantoloking Market Update - October 2021

     Bay Head & Mantoloking Market Update - October 2021 If you’re thinking about selling your home (or even if you...

    • Suzie and Ed, Diane Turton Realtors
    • January 14th, 2021
    • 2 min read
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     Bay Head & Mantoloking Market Update - October 2021

     

    If you’re thinking about selling your home (or even if you just want to keep up with the market), it's important to have a good understanding of what’s going on in the Bay Head and Mantoloking market.    Though inventory is limited right now, more and more owners are placing their homes on the market at this time, and inventory is slowly climbing, even as homes continue to sell.  Having said that, a few homes have had recent price reductions, and that was somewhat uncommon 30 to 60 days ago.

    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.

    Our October market report showcases everything you need to know about local real estate trends.  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.

    Statistics are per the Monmouth/Ocean MLS as of 10/21/21, and are provided for the month just concluded.

    $1,275,000/$5,458,833

    Average Sales Price

    2.93/5.14

    Months of Supply

    26/74

    Average Days on Market

    Homes Sold

    96.2/91.5

    Sale-to-List Price

    6/1

    New Listings

    11/9

    Active Listings

    3/1

    Under Contract

    1/3

    Closed Sales

    If you want to see for yourself...

    You can find all active and coming soon listings here.

    What's next?

    As we write this, inventory in Bay Head and Mantoloking remains limited.  For the most part, homes are still selling promptly, often with multiple offers.  In some instances, a few properties have had recent price reductions. At the moment, there is only one bayfront home for sale in all of Bay Head & Mantoloking!  If you are thinking about selling, regardless of location, the market is likely to remain in your favor for some time, but we do not know when this trend will end.

    Curious about whatyour home is worth now?

    Get an accurate home value report from us, or, if you have a question, just let us know! 

    Get Your Report

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    Suzie and Ed, Diane Turton Realtors

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    Suzie and Ed, Diane Turton Realtors

    Suzanne B. Van Schoick and Edwin C. O'Malley, Diane Turton, Realtors

    Each office Independently Owned and Operated

    88 Bridge Ave., Bay Head, NJ 08742

    Suzanne B. Van Schoick and Edwin C. O'Malley, Diane Turton, Realtors

    Each office Independently Owned and Operated

    88 Bridge Ave., Bay Head, NJ 08742

    732-779-5088
    [email protected]

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