Bay Head & Mantoloking Market Update - October 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...
The fall market is off to a good start in Bay Head and Mantoloking! Interestingly, September statistics are nearly matched in the two towns. In both towns, the supply is at 7.3 months (time required to sell the existing inventory at the rate at which homes are selling), in Bay Head, average days on market is 35, Mantoloking is 41, and there were two homes under contract in both towns. Overall, September saw an overall increase in activity over August - more inventory, closings, and contracts.
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 10/7/2024, and are provided for the month just concluded.
$2,517,500/$7,000,000
Average Sales Price
7.3/7.3
Months of Supply
35/41
Average Days on Market
Homes Sold
87.2%/N/A
Sale-to-List Price
3/1
New Listings
2/2
Under Contract
14/8
Active Listings
2/1
Closed Sales