Is Monmouth Beach, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monmouth Beach was a Seller's Market.
Key Takeaway
Monmouth Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monmouth Beach, NJ
How much do homes in Monmouth Beach, NJ cost?
Median Sold Price
$864,900
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monmouth Beach have sold for 10% more than they did a year ago.
Summary: The median home sold price in Monmouth Beach was $864,900 in April 2024, up 10% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $416.8K | $433K | +3.9% |
| 2 Bedrooms | $733.2K | $767.5K | +4.7% |
| 3 Bedrooms | $965K | $1.1M | +21.9% |
| 4 Bedrooms | $1.4M | $1.5M | +7.3% |
| 5+ Bedrooms | $2.0M | $2.7M | +30.3% |
Summary: Monmouth Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Rumson | $1.7M | $2.1M | +24.6% |
| Monmouth Beach | $786.5K | $864.9K | +10.0% |
| Sea Bright | $1.2M | $1.3M | +7.1% |
| Long Branch | $750K | $749K | -0.1% |
Housing Supply in Monmouth Beach, NJ
How many homes are available in Monmouth Beach, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Summary: The Monmouth Beach real estate market had 30 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Monmouth Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monmouth Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monmouth Beach in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -4.6% |
Summary: Homes in Monmouth Beach had an average of 36 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monmouth Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Monmouth Beach; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.