Bay Head & Mantoloking Market Update - May 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're looking forward to the start of summer! April was busy in Bay Head and Mantoloking, and May is off to a good start! Our clients have a number of properties under contract, and our listing at 47 Mount Street, Bay Head just closed at the the full asking price of $2,200,000. In addition, our new listing in Curtis Point ($3,200,000) has received a good number of showings, and one offer, after only 4 days on the market. More details can be found in the video below.
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 5/7/2024, and are provided for the month just concluded.
$3,487,500/
$5,099,667
Average Sales Price
5.3/8
Months of Supply
16/107
Average Days on Market
Homes Sold
100%/90.2%
Sale-to-List Price
6/3
New Listings
4/0
Under Contract
8/6
Active Listings
2/3
Closed Sales