Bay Head & Mantoloking Market Update - July 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...
We hope that you enjoyed the extended 4th of July holiday, and that you are having a good summer so far! The market in Bay Head and Mantoloking remains healthy and active - June was strong, and activity continues in July, though there has been a bit less activity in Mantoloking, since there is less inventory there. Overall, we are returning to a more balanced market - somewhat increased inventory, some homes are taking a bit longer to sell, and some are experiencing price reductions. Having said that, if a property is well priced, we continue to see multiple offer situations, with sale prices higher than asking prices. As always, if you have any questions, please ask.
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 7/9/2024, and are provided for the month just concluded.
$3,872,333/N/A
Average Sales Price
6.3/5.5
Months of Supply
35/N/A
Average Days on Market
Homes Sold
101.3%/N/A
Sale-to-List Price
1/1
New Listings
2/0
Under Contract
10/6
Active Listings
3/0
Closed Sales