REAL ESTATE MARKET UPDATE IN BELMAR, 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 Belmar, NJ.

For a comprehensive real estate market update in Belmar, 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. Belmar in 2023 had 12 homes sold compared to 2022 when 13 homes sold. The average sale price also decreased from $982,801 in 2022 to $886,708 in 2023, which is an 8% decrease over the year. While the days on market went up from 36 to 52, the homes still sold for 98% of the list price in 2023 as compared to 2022 when the homes also got over list price at 101%.

2021 Vs 2022 Year End Market Update

In 2022, 46 single homes were sold, which was a decrease from 56 homes in 2021. The total sales volume for sold Single Family homes in Belmar in 2022 decreased by 8%. The average sales price was $1,158,978, an increase of 12% from 2021. The homes were on the market an average of 34 days and sold for 100% of the listing price.

2020 vs 2021

In the fourth quarter of 2021, 9 single family homes sold in Belmar, down 72.73% from 2020. The average sales price was $1,127,222, up over 35.71% from 2020, and the average days on the market were 31 vs 49 days in 2020. Homes sold for 102% of the listing price vs 96% in 2020.

Fourth Quarter 2020 vs 2021

2020 Year End Summary

In 2020, 90 single family homes were sold, for an average sales price of $835,941 a 17% increase from 2019. The homes sold for 95% of the listing price and were on the market an average of 53 days. The total sales volume of Single Family Homes increased 82% in 2020 over 2019!

Second Quarter 2020

During the second quarter of 2020, 10 single family homes sold with an average sale price of $857,801, at 94% of list price. Homes are spending an average of 72 days on the market.

First Quarter 2020

Belmar reflects the sale of 20 homes in the 1^st quarter of 2020, at 94% of list prices, with an average sales price of $836,475. Homes are spending an average of 81 days on market; a decrease from the same quarter in 2019 by 30%.

2019 Year End Summary

In 2019, 58 homes were sold, for an average sales price of $713,493, an 8% decrease from 2018. The homes sold for a solid 95% of the listing price, and were on the market an average of 60 days.

Third Quarter 2019

14 homes sold in the 3rd quarter of 2019 in Belmar, at 99% of list prices, with an average sales price of $732,568. Homes are spending an average of 25 days on the market with average sales prices down 6% as compared with the same quarter in 2018.

First Half of 2019

32 homes have sold in Belmar during the first half of 2019 versus 38 in 2019

First Quarter 2019

In the first quarter of 2019, 14 single family homes have been sold, for an average price of $791,785, a 2% increase from last year’s first quarter. The homes sold for 89% of the listing price, and the average days on market was 115 days.

2018 Year End Summary

For 2018, 74 single family homes were sold, for an average of $771,951, or a 9% increase over 2017. The homes were on the market for an average of 65 days, and sold for 5% less than the listing price.

Third Quarter 2018

Seven single family homes have been in the third quarter of 2018 in Belmar, a 13% decrease over the second quarter. The average sales price for the second quarter was $658,285, and sold for 7% less than listing price. The homes stayed on the market for an average of 74 days.

Second Quarter 2018

Twenty-six single family homes have been in the second quarter of 2018 in Belmar, more than double the first quarter. The average sales price has stayed relatively consistent with the first quarter, being at $769,327, and sold for 5% less than listing price. The homes stayed on the market for an average of 60 days, compared to over 90 days the previous quarter.

First Quarter 2018

Twelve single family homes have been sold through the first quarter of 2018 in Belmar. The average sales price increased by 10% to $773,279, and sold for 4% less than listing price. The homes stayed on the market for an average of 94 days, similar to the previous year.

2017 Overall

In Belmar this year, 64 homes were sold, 11 more than last year. The average sales price dropped 6% to $705,464, selling for 93% of the listing price. The average days on the market went up to 121 days, more than last year’s average of 91.

Third Quarter 2017

In the third quarter of 2017, the average sale price for single family homes increased 40% in Belmar to $828,900, selling for 87% of the listing price. The number of homes sold were 15, and the average days on the market was 58 days, both similar to last year.

Second Quarter 2017

For the second quarter of 2017, the average sale price for a single family home in Belmar, NJ was $730,715, decreasing by 4% over the same quarter in 2016, when the average sale price was $762,333. A total of 21 homes sold in 2017 versus 10 in 2016. Days on the market increased from 79 in 2016 to 196 in 2017. Homes in 2017 sold on average for just 6% less than list price.

First Quarter 2017

During the first quarter of 2017, seventeen single family homes sold in Belmar, an increase of 27% over the previous quarter. The average sales price of a single family home was $700,641, a decrease of 22% as compared to the same period last year. The average days on market decreased to 89, and homes sold at an average of 97% of list price.

2016 Overall

In 2016, 55 single family homes sold in Belmar, compared to 57 in 2015. The average sale price dropped 8% to $751,013. The average days on market was 91 days, down from 115 in 2015. Homes sold at 4% less than list price.

Fourth Quarter 2016

In the forth quarter of 2016, nine single family homes sold in Belmar. The average sale price was $793,889, 8% lower than the average sale price of $866,357 for the fourth quarter of 2015. The average days on market was 188, and buyers paid 5% less than list price.

Third Quarter 2016

The average price of a single family home sold in Belmar during the third quarter was $590,407, down 30% over the same period in 2015. Single family homes were selling for 5% below list price on average. Fourteen homes sold during this quarter, one less than the same period in 2015. Days on market is down to 56.

Second Quarter 2016

For the second quarter of 2016, the average sale price for a single family home in Belmar, NJ was $762,333, increasing by 54% over the same quarter in 2015, when the average sale price was $493,221. A total of 21 homes sold in 2016 versus 14 in 2015. Days on the market decreased from 118 in 2015 to 79 in 2016. Homes in 2016 sold on average for just 4% less than list price.

First Quarter 2016

The average sales price for a single family home in Belmar, NJ for the first quarter of 2016, was $898,727, which represented a 63% increase in sales price over the same quarter in 2015, where the average sales price was $550,350. Eleven homes sold in the first quarter of 2016 verses fourteen sold in 2015. Days on market went down from 133 to 125 in 2016. Homes were selling on average for just 5% less than list price.

2015 Overall

The most recent data shows that the average sale price for a single family home in 2015 was $693,000 based on 57 home sales. Pricing remained flat over 2014. Unit sales were up 21% over the prior year.

The average listing price of homes on the market during 2015 was $ 725,475. In addition for 2015 homes sold at 95% of list price with an average days on the market of 116 days.

The information is deemed reliable but not guaranteed

Belmar Real Estate Trends

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598116.57,651410.87,631118.63,695546.64,653519.89,671843.28,651710.08,654020.64,622807.02,621508.81,592633.49,678956.37
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