REAL ESTATE MARKET UPDATE IN 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 data below was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS) and provides an overview of recent sales activity in Allenhurst, NJ.

For a comprehensive real estate market update in Allenhurst, NJ, contact our NJ Shore Real Estate experts at The Connolly Agency. We look forward to hearing from you. 732-361-0800

3rd Quarter 2021 vs 3rd Quarter 2020

In the third quarter of 2021, 2 single family homes were sold in Allenhurst, up 0% from 2020. The average sales price was $1,120,000, up 33.7% from 2020, and the average days on market were 141 vs 74 days in 2020. Homes sold for 93%, on par with 2020.

First Half of 2021 vs 2020

2020 Year End Summary Allenhurst

In 2020, 7 single family homes were sold, for an average of $2,441,428, a decrease of 8% from 2019. The homes were on the market an average of 73 days and sold for 10% less than the listing price

Second Quarter 2020 Allenhurst

Allenhurst saw the sale of 4 single family homes during 2020’s first half. In these 6 months, the average home sale price is $1,553,725. Homes are still selling at 91% of list price; equal to this year’s first quarter. Homes are averaging 22 DOM; down from an average of 33 DOM during the first quarter of 2020.

First Quarter 2020 Allenhurst

Starting off the first quarter of 2020, Allenhurst saw sales of 2 single family homes. The average sales price of $1,732,500 represents the sale of a $415,000 and a 3 million dollar home. These homes were sold at 91% of list price, which holds consistently with 2019 comparisons to asking versus sale prices. These homes were listed with an average of 33 days on market, which is a slight improvement over last year’s average.

2019 Year End Summary Allenhurst

In 2019, 4 homes were sold, for an average of $2,117,675, a decrease of 22% from 2018. The homes were on the market an average of 80 days, and sold for 12% less than the listing price.

The First Half of 2019 Allenhurst

Only two homes were sold in the first half of 2019 compared with 6 in 2018.

First Quarter 2019 Allenhurst

In the first quarter of 2019, no homes were for sale.   In 2018, 2 homes sold for an average price of $2,327,500.  The homes sold for 95% of list price and were on the market for an average of 16 days.

2018 Year End Summary Allenhurst

For 2018, 6 single family homes were selling, for an average of $2,704,167, or a 32% increase over 2017. The homes were on the market for an average of 46 days, and sold for 9% less than the listing price.

2017 Overall Allenhurst

In Allenhurst, 6 single family homes were sold in 2017, for an average price of $2,054,166, more than double the price from last year. The average days on market dropped from 118 to 90 days, and houses selling for 91% of the list price.

Third Quarter 2017 Allenhurst

Only 2 homes were selling in 2017’s third quarter, with the average sold price being $2,225,000. The average days on the market around this time of year dropped tremendously from 113 days last year to 19 days this year. The homes were also sold for less than 3% off listing price.

Second Quarter 2017 Allenhurst

There were two homes selling in Allenhurst, NJ in the second Quarter of 2017, verses 3 home sold for the same quarter in 2016. The average sale price was $1,525,000 which represents a 40% increase compared to 2016, where 2 homes sold for an average sale price of $900,000. The average days on the market increased from 123 in 2016 to 136 in 2017. Homes are selling on average for at 12% less than the list price.

First Quarter 2017 Allenhurst

During the first quarter of 2017, one home sold in Allenhurst, comparing equally with first quarter of 2016.  The average sales price, increased over the first quarter of 2016 by 17% to $1,825,000.  The average days on the market increased to 169.  Single family homes sold at 85% of list price.

2016 Overall Allenhurst

The average sales prices of a single family home in Allenhurst is down 47% when compared to 2015, with an average sales price of $817,250. Unit sales are up over 2015 with 8 homes sold this year, which shows a 100% increase over the four homes selling in 2015. Average days on market is 118 days and homes are selling for slightly more than list price – 101%.

Fourth Quarter 2016 Allenhurst

Two homes sold during the fourth quarter of 2016 as compared to three for the same quarter in 2015.  The average sales prices of a single family home in Allenhurst was $705,000 for this period. Average days on market was slightly higher than normal at 178, but homes were selling for 98% of the list price.

Third Quarter 2016 Allenhurst

 The average sales prices of a single family home in Allenhurst is $960,600. Unit sales are up over 2015 with 5 homes sold this year and just one in 2015. Average days on market is 113 and homes are selling for 10% less than list price.

Second Quarter 2016 Allenhurst

There were three homes sold in Allenhurst, NJ in the second Quarter of 2016, verses 1 home sold for the same quarter in 2015.  The average sale price was $900,000, which represents a 17% decrease compared to 2015 where 1 home sold for $1,090,000.  During this period homes sold for 6% less than list price, where as in 2015 % off of list was 5%.  The average days on the market increased from 50 in 2015 to 123 in 2016.

First Quarter 2016 Allenhurst

There was one home sale in Allenhurst NJ in the first quarter of 2016, versus zero for the same time period in 2015. The sale was $1,550,000, which was 14% below list price.

2015 Overall Allenhurst

The most recent data shows the average sales price for a single family home in Allenhurst for the year 2015 was $1,535,000 based on 4 home sales.  This represents an increase of 42% over 2014.  Units were flat at 4 for both years. The average listing price of homes on the market in 2015 was $1,709,750. Homes sold for 7% less than list price, with an average of 44 days on the market.

The information is deemed reliable but not guaranteed.

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Allenhurst Real Estate Trends

• 663285.34, 679244.09, 672975.84, 667683.32, 675102.99, 688114.03, 713803.09, 741113.68, 712874.77, 721304.16, 723131.34, 721168.45
• 555547.21, 539039.11, 548556.85, 513379.50, 531602.80, 510895.85, 550147.51, 600713.33, 559097.69, 572674.24, 608455.89, 579289.56
• 439000.00, 449000.00, 449777.00, 449250.00, 449900.00, 450000.00, 459000.00, 459900.00, 459900.00, 459900.00, 465000.00, 475000.00
• 399000.00, 399900.00, 409000.00, 385000.00, 390000.00, 369990.00, 395000.00, 419000.00, 415000.00, 429250.00, 425000.00, 439000.00

Information is deemed to be reliable, but is not guaranteed. © 2021

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