Is Monmouth Beach, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monmouth Beach was a Seller's Market.
Housing Prices in Monmouth Beach, NJ
How much do homes in Monmouth Beach, NJ cost?
Median Sold Price
$899,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monmouth Beach was $899,000 in March 2024, up 17.2% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $459.3K | $412.5K | -10.2% |
2 Bedrooms | $726.5K | $760K | +4.6% |
3 Bedrooms | $980K | $1.1M | +20.1% |
4 Bedrooms | $1.4M | $1.7M | +20.1% |
5+ Bedrooms | $2.1M | $2.6M | +24.9% |
Summary: Monmouth Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
Sea Bright | $1.0M | $1.3M | +28.6% |
Rumson | $1.7M | $2.1M | +24.3% |
Monmouth Beach | $767K | $899K | +17.2% |
Long Branch | $745K | $749.5K | +0.6% |
Little Silver | $950K | $861K | -9.4% |
Housing Supply in Monmouth Beach, NJ
How many homes are available in Monmouth Beach, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Monmouth Beach real estate market had 20 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 2 | 0 | -100.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monmouth Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Monmouth Beach in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Monmouth Beach, NJ
How long does it take to sell a home in Monmouth Beach, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 20 Days | +195.2% |
Summary: Homes in Monmouth Beach had an average of 20 days on market in Mar 2024, up by 195.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Monmouth Beach; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.