Real Estate Market Recap 2024 vs 2023
The real estate market fluctuates every year, so an annual real estate market recap is a crucial part of moving into a new year. If there is another town you would like to see below, feel free to leave a comment below or email The Connolly Agency! Without further delay, below are the real estate market stats for the year 2024, as well as how they compare to those of 2023:
2024 Real Estate Market Summary
Allenhurst
In 2024, 4 single family homes sold, which was an increase from 3 homes in 2023. The total sales volume for Single Family homes sold in Allenhurst 2024 decreased by 51%. The average sales price was $2,203,000, a decrease of 63% from 2023. Homes were on the market for an average of 73 days and sold for 93% of the list price in 2024.
Asbury Park
In 2024, 71 single family homes sold, which was an increase from 54 homes in 2023. The total sales volume for Single Family homes sold in Asbury Park 2024 increased by 50%. The average sales price was $819,734, an increase of 14% from 2023. Homes were on the market for an average of 35 days and sold for 97% of the list price in 2024.
Avon by the Sea
In 2024, 12 single family homes sold, which was a decrease from 24 homes in 2023. The total sales volume for Single Family homes sold in Avon by the Sea 2024 decreased by 41%. The average sales price was $2,452,083, an increase of 19% from 2023. Homes were on the market for an average of 39 days and sold for 102% of the list price in 2024.
Belmar
In 2024, 45 single family homes sold, which was an increase from 36 homes in 2023. The total sales volume for Single Family homes sold in Belmar 2024 increased by 49%. The average sales price was $1,559,393, an increase of 19% from 2023. Homes were on the market for an average of 40 days and sold for 100% of the list price in 2024.
Bradley Beach
In 2024, 20 single family homes sold, which was a decrease from 23 homes in 2023. The total sales volume for Single Family homes sold in Bradley Beach 2024 decreased by 20%. The average sales price was $1,123,974, a decrease of 8% from 2023. Homes were on the market for an average of 43 days and sold for 94% of the list price in 2024.
Brielle
In 2024, 48 single family homes sold, which was an increase from 31 homes in 2023. The total sales volume for Single Family homes sold in Brielle 2024 increased by 78%. The average sales price was $1,509,826, an increase of 15% from 2023. Homes were on the market for an average of 42 days and sold for 98% of the list price in 2024.
Interlaken
In 2024, 5 single family homes sold, which was a decrease from 15 homes in 2023. The total sales volume for Single Family homes sold in Interlaken 2024 decreased by 36%. The average sales price was $2,266,800, an increase of 91% from 2023. Homes were on the market for an average of 39 days and sold for 94% of the list price in 2024.
Lake Como
In 2024, 19 single family homes sold, which was a decrease from 25 homes in 2023. The total sales volume for Single Family homes sold in Lake Como 2024 decreased by 18%. The average sales price was $970,773, an increase of 10% from 2023. Homes were on the market for an average of 61 days and sold for 99% of the list price in 2024.
Manasquan
In 2024, 73 single family homes sold, which was an increase from 59 homes in 2023. The total sales volume for Single Family homes sold in Manasquan 2024 increased by 36%. The average sales price was $1,526,345, an increase of 10% from 2023. Homes were on the market for an average of 38 days and sold for 100% of the list price in 2024.
Neptune City
In 2024, 37 single family homes sold, which was an increase from 34 homes in 2023. The total sales volume for Single Family homes sold in Neptune City 2024 decreased by 9%. The average sales price was $528,532, a decrease of 16% from 2023. Homes were on the market for an average of 34 days and sold for 104% of the list price in 2024.
Neptune Township
In 2024, 255 single family homes sold, which was an increase from 220 homes in 2023. The total sales volume for Single Family homes sold in Neptune Township 2024 increased by 21%. The average sales price was $604,736, an increase of 4% from 2023. Homes were on the market for an average of 29 days and sold for 102% of the list price in 2024.
Ocean Grove
In 2024, 49 single family homes sold, which was an increase from 43 homes in 2023. The total sales volume for Single Family homes sold in Ocean Grove 2024 increased by 17%. The average sales price was $929,969, an increase of 2% from 2023. Homes were on the market for an average of 26 days and sold for 102% of the list price in 2024.
Sea Girt
In 2024, 29 single family homes sold, which remained consistent with the 29 homes sold in 2023. The total sales volume for Single Family homes sold in Sea Girt 2024 decreased by 6%. The average sales price was $3,172,700, a decrease of 6% from 2023. Homes were on the market for an average of 39 days and sold for 99% of the list price in 2024.
Spring Lake
In 2024, 37 single family homes sold, which was an increase from 32 homes in 2023. The total sales volume for Single Family homes sold in Spring Lake 2024 increased by 21%. The average sales price was $3,599,375, an increase of 6% from 2023. Homes were on the market for an average of 74 days and sold for 95% of the list price in 2024.
Spring Lake Heights
In 2024, 29 single family homes sold, which was an increase from 24 homes in 2023. The total sales volume for Single Family homes sold in Spring Lake Heights 2024 remained the same as 2023 with a 0% increase and a total volume of $28,767,598. The average sales price was $991,986, a decrease of 16% from 2023. Homes were on the market for an average of 30 days and sold for 97% of the list price in 2024.
Wall
In 2024, 190 single family homes sold, which was a decrease from 205 homes in 2023. The total sales volume for Single Family homes sold in Wall 2024 increased by 10%. The average sales price was $1,003,370, an increase of 18% from 2023. Homes were on the market for an average of 28 days and sold for 101% of the list price in 2024.
West Allenhurst
In 2024, 15 single family homes sold, which was an increase from 10 homes in 2023. The total sales volume for Single Family homes sold in West Allenhurst 2024 increased by 24%. The average sales price was $1,225,566, a decrease of 17% from 2023. Homes were on the market for an average of 72 days and sold for 94% of the list price in 2024.
If you are considering buying or selling a home in 2025, contact any of our local real estate associates at The Connolly Agency, or give the office a call at 732-361-0800!