March Bay Head & Mantoloking Market Update
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. As you'll see from the numbers below, the available inventory for Bay Head and Mantoloking is at a record low, and prices and demand are high. At the moment, there are only 8 homes for sale in Bay Head and Mantoloking combined. Recently, one of our listings sold for more than $100,000 over asking price. A property in Mantoloking recently went on the market, and was under contract in 7 days.
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 March market report showcases everything you need to know about local real estate trends. The statistics below are current averages for Bay Head and Mantoloking combined.
$2,457,250
Average Sales Price
1.82
Months of Supply
68
Average Days on Market
Homes Sold
94.5%
Sale-to-List Price
3
New Listings (in the last 30 days)
8
Active Listings
9
Under Contract
6
Closed Sales (in the last 30 days)
Back in February
We talked about how there is very limited inventory, and how buyers are looking, but there is very little to buy - now in March, the situation remains much the same. Recently, a property in Point Pleasant had over 39 showings and 13 offers in the first weekend that it was on the market, including multiple cash offers.
