Bay Head & Mantoloking Market Update - January 2025

 

We hope that the year is off to a good start for you! Though we have transactions every month of the year, December is often quiet, and that was the case last month. There were three closings in Bay Head, and none in Mantoloking. In addition, there were no properties under contract, and no new listings in December. This quiet time often continues into January, and longer, depending on the severity of the winter that we have. Having said all of that, we are well positioned for a strong spring market - inventory is relatively low, allowing room for the spring uptick in inventory that we often see, and according to various sources, home values and prices are still expected to increase somewhat in 2025. Demand remains high as well, with many buyers still looking for the right home, and in some cases, hoping to be in by summer! As always, if you have any questions, please reach out.

 

 

You can search and browse all listings here. Though prices remain high, 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 12/31/2024, and are provided for the month just concluded.