June Bay Head & Mantoloking Market Update
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, soon inventory is slowly climbing, even as homes continue to sell.
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 June market report showcases everything you need to know about local real estate trends. The statistics below are current averages for Bay Head and Mantoloking combined. *Note: The average days on market may seem high, and should be taken with a grain of salt - there is relatively little data for the period described, so this number is artificially high.
$3,062,750
Average Sales Price
2.9
Months of Supply
196*
Average Days on Market
Homes Sold
94.45%
Sale-to-List Price
8
New Listings
(in the last 30 days)
17
Active Listings
9
Under Contract
3
Closed Sales
(in the last 30 days)
If you want to see for yourself...
You can find all active and coming soon listings here.
What's next?
As interests rates rise, and construction costs are projected to slowly decrease, the market may become a bit less competitive for buyers - there will be likely be more inventory to choose from. If you are thinking about selling, 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!
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