The real estate market at the Jersey Shore is good! Get the latest Jersey Shore Real Estate Market Update for the first quarter of 2017, right here! This data contained below was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS) and provides an overview of the sales activity for 2017 for the Jersey Shore, and is listed by town.

Neptune City Real Estate Market

In the first quarter of 2017, eight homes sold in Neptune City, a 38% decrease when compared to the same period of 2016.  The average sales price of a single family home was $284,121, an 8% increase over the same period last year.  Average days on market was 62. Homes sold just 2% less than list price.

Neptune Township Real Estate Market

In the first quarter of 2017, the average price of a single family home in Neptune Township was $299,271, up 13% over the same period of 2016.  Eighty-four homes sold in the first quarter, also a 13% increase over first quarter 2016.  The average days on the market was 50. Homes sold for only 2% less than list price.

Spring Lake Heights Real Estate Market

In the first quarter of 2017, eleven single family homes sold in Spring Lake Heights, a 175% increase over the same period of 2016.  The average sales price of a single family home rose 35% to $462,173.  During the same period in 2016, the average sales price was $340,000. The average days on the market was 65 days. Homes sold at 3% less than list price.

Wall Township

In the first quarter of 2017, sixty-two homes sold in Wall Township, an increase of 12% over the same period in 2016.  The average sales price increased 16% to $548,670.  During the same period in 2016, the average sales price was $471,095.  The average number of days on the market was 95. Homes sold at an average of 5% less than list price.