Ocean Grove Real Estate Market Update! Get the latest real estate market update for Ocean Grove, NJ right here! This data contained below was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS), provides an overview of the recent sales activity in Ocean Grove, NJ.
Second Quarter 2016
The most recent data for the second qtr. 2016 shows that the average sale price for a single family home in Ocean Grove, NJ $595,605 which represents a 14% increase in sales price over the same qtr. in 2015, where the average sale price was $ $524,598. A total of 17 homes were sold in 2016 verses 15 in 2015. Days on the market decreased significantly from 115 in 2015 to just 46 in 2016. Homes in 2016 are selling on average for just 6% less than list price.
First Quarter 2016
The average sales price for a single family home in Ocean Grove, NJ for the first quarter of 2016, is $452,000 which represents a 5% increase in sales price over the same quarter in 2015, where the average sales price was $430,000. A total of eleven (11) homes were sold in the first quarter of 2016 verses nine (9) sold in 2015. Days on market decreased slightly from 119 to 98 in 2016. Homes are selling on average for just 5% less than list price.
The most recent data shows that the average sale price for a single family home in Ocean Grove for 2015 was $533,904 based on 58 home sales. This represents an increase of 11% increase in sales price over 2014. Unit sales were down 7% over the prior year.
The average listing price of homes on the market during 2015 was $564,046 and homes were selling at 6% off of listing price with average days on the market of 98.
For a comprehensive real estate market update in Ocean Grove, NJ contact the NJ Shore Real Estate experts at The Connolly Agency!
The information is deemed reliable but not guaranteed.
Ocean Grove Real Estate Trends