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Bay Head & Mantoloking Market Update - September 2022

Our September market update showcases everything you need to know about local real estate trends.
Edwin (Ed) O’Malley  |  September 10, 2022
If you’re thinking about selling your home (or even if you just want to keep up with the market), it's important to have a good understanding of what’s going on in the Bay Head and Mantoloking market.
 
We hope that you had a good Labor Day weekend, and that your summer finished up well.  Inventory is slowly increasing in Bay Head and Mantoloking, with a total of 4 new listings in the two towns combined in recent weeks.  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.
 
Our September market update showcases everything you need to know about local real estate trends. 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 9/15/22, and are provided for the month just concluded.
 
 

$3,941,667 / $5,975,000

Average Sales Price
 

3/5.6 ↑

Months of Supply
 

7/34 ↓

Average Days on Market
 

Homes Sold

100.3%/96%

Sale-to-List Price

2/2

New Listings

7/7

Active Listings

1/0

Under Contract

3/2↑

Closed Sales

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