REAL ESTATE MARKET UPDATE IN West Allenhurst, NJ
When buying a home, local market data and realtor expertise make ALL the difference. We update the local market data quarterly here, so check back frequently. If there’s a town not listed here that you would like market data for, email homes@theconnollyagency.com or give us a call.
The date below was compiled from the Monmouth-West Allenhurst Multiple Listing Service (FLEX-MLS) and provides an overview of recent sales activity in West Allenhurst.
For a Comprehensive real estate market update in West Allenhurst ,NJ, contact our NJ Shore Real Estate experts at The Connolly Agency. We look forward to hearing from you. 732-361-0800.
2023 compared to 2022 Q1 Single Family Home Sales
The First Quarter for both years consists of January, February and March. West Allenhurst in 2023 had 3 homes sold compared to 2022 when 6 homes sold. The average sale price also jumped from $1,181,666 in 2022 to $1,561,250 in 2023, which is a 32% increase over the year. While the days on market went down slightly from 19 to 18 the increase in price could be the cause. In 2023 homes sold for 87% of the list price as compared to 2022 when the homes also got almost full list price at 96%.
2021 Vs 2022 Annual Market Update
In the year of 2022, 1 single homes sold in West Allenhurst, on par with 2021. The average sales price was $1,200,000, down 4% from 2021, and the average days on market were 4 vs 20 days in 2021. Homes sold for 126% of the listing price vs 100% in 2021. Overall, the real estate volume is $1,200,000 down 4% compared to last year.
2021 Vs 2022 Yearly End Market Update
In 2022, 10 single homes were sold, which was a decrease from 1 homes in 2021. The total sales volume for sold Single Family homes in West Allenhurst in 2022 decreased by 43%. The average sales price was $1,440,500, an increase of 26% from 2021. The homes were on the market an average of 11 days and sold for 94% of the listing price.
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