Bay Head & Mantoloking Market Update - November 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...
October saw activity in both Bay Head and Mantoloking, throughout the month, but as you will see, it was not balanced - there was more activity in Bay Head than in Mantoloking. This is true for a number of reasons: 1) Currently Bay Head has more inventory than Mantoloking (10 active listings vs. 6 active listings) - more opportunities for buyers. 2) Bay Head has a wider range of price points than Mantoloking - eg - properties that are close to or under $3,000,000. At the moment, most if not all of the properties in Mantoloking are priced at $7,000,000 or more. Below, you will also see that there were "new" listings in both towns - but in fact, these are generally homes that did not sell during prior listings, and have now been relisted at the same or lower prices. Having said all of the above, the current market is relatively typical - a total inventory of 16 homes for sale in the two towns combined, and, as we approach the holidays, the market often slows a bit. As always, if you have any questions about the statistics below, or anything else, 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 11/11/2024, and are provided for the month just concluded.
$1,925,000/$3,350,000
Average Sales Price
7.2/5
Months of Supply
21/139
Average Days on Market
Homes Sold
N/A/90.6%
Sale-to-List Price
1/1
New Listings
3/0
Under Contract
10/6
Active Listings
2/1
Closed Sales