Bay Head & Mantoloking Market Update - August 2024
Edwin (Ed) O’Malley
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
All is well and busy in the Bay Head and Mantoloking market, and we hope that you are having a good summer too! There have been transactions in both towns throughout July, and into August. Overall, the top end of the market ($5,000,000+) has been a bit quieter, and below $2,000,0000 has been a bit busier. In between those two price points, there has been relatively limited inventory, and therefore limited activity. In July, there were 6 new listings, and there were 16 active listings. Recently, we had a closing at 384 Western Avenue, Bay Head (Our listing, $975,000), and two properties on Osborne Avenue have just gone under contract! Traditionally, as we head into late summer, and on into the fall, inventory increases, and we are optimistic that that will occur this season too.
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 8/5/2024, and are provided for the month just concluded.
$1,881,250/N/A
Average Sales Price
6/6.4
Months of Supply
207/N/A
Average Days on Market
Homes Sold
93.3%/N/A
Sale-to-List Price
5/1
New Listings
2/0
Under Contract
9/7
Active Listings
2/0
Closed Sales