LAKE COMO, NJ
REAL ESTATE MARKET UPDATE IN LAKE COMO, 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 Lake Como, NJ.
For a comprehensive real estate market update in Lake Como, 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. Lake Como in 2023 had 3 homes sold compared to 2022 when 5 homes also sold. The average sale price jumped from $609,800 in 2022 to $706,666 in 2023, which is a 16% increase over the previous year. The days on market went down from 52 to 38 over the course of year, which is not a huge change for the price increase. In 2023 homes sold for 99% of the list price as compared to 2022 when homes also got almost full list price at 95%.
2021 Vs 2022 Yearly End Market Update
2021 vs 2022 First Half Marketing Update
In the first half of 2022, 10 single family homes sold in Lake Como, down 41.18% from 2021. The average sales price was $610,400, down 6.83% from 2021, and the average days on the market were 36 vs 22 days in 2021. Homes sold for 98% of the listing price vs 104% in 2021. Overall, the real estate volume is $6,104,000 down 45.19% compared to last year.
2020 vs 2021 Annual Market Update
In year of 2021, 32 single family homes sold in Lake Como, up 3.23% from 2020. The average sales price was $706,140, up 32.54% from 2020, and the average days on the market were 27 vs 53 days in 2020. Homes sold for 101% of the listing price vs 97% in 2020. Overall, the real estate volume is $22,596,488 up 36.81% compared to last year.
Fourth Quarter 2020 vs 2021
In the fourth quarter of 2021,10 single family homes sold in Lake Como, down 11.11% from 2020. The average sales price was $761,892, up 47.24% from 2020, and the average days on the market were 41 vs 43 days in 2020. Homes sold for 99% of the listing price vs 98% in 2020.
First Quarter 2021
During the first quarter of 2021, Lake Como saw the sale of 7 single family homes, a whopping increase of 75% than the First Quarter of 2020. The average sales price of these homes was $610,516, up dramatically by more than 96% from the 2020 average sales price. These homes were sold at 102% of list price, which is significantly higher than the 2020 comparison of 97% to asking versus sale prices. The homes were listed with an average of 29 days on market, which is much less than 2020’s 51 days on market average.
In 2020, 24 single family homes sold at an average price of $543,937 which is 22% higher than sold home prices in 2019. The homes were on the market an average of 53 days and sold for an impressive 99% of the listing price.
Second Quarter 2020
Five single family homes were sold in Lake Como during the second quarter. Average list price is currently $429,422 with an average sales price of $413,777. Homes are selling at 89% of list prices with an average of 96 days on the market.
First Quarter 2020
Lake Como records sales of 4 single family homes with an average list price of $320,474. Homes are selling at 4% below list price with an average of 51 days on the market.
2019 Year End Summary
In 2019, 28 homes sold at an average price of $468,350, 10% lower from 2018. The homes were on the market an average of 49 days, and sold for an impressive 96% of the listing price.
Third Quarter 2019
Lake Como records sales of 3 single family homes with an average sales price of $445,666. Homes are selling at 3% below list price with an average of 47 days on the market.
The First half of 2019
18 Homes have sold in Lake Como during the first half of 2019 versus 25 in 2018. The average sales price is flat at $469,161. The average list price is up 2% to $480,561. Homes are selling for 97% less than list price with an average days on market of 44.
First Quarter 2019
In the first quarter of 2019, 6 single family homes have been sold, for an average price of $525,316, a 22% increase from last year’s first quarter. The homes sold for 100% of the listing price, and the average days on market was 29 days.
2018 Year End Summary
For 2018, 41 single family homes were sold, for an average of $517,817, or a 20% increase over 2017. The homes were on the market for an average of 68 days, and sold for 3% less than the listing price.
Third Quarter 2018
Through the third quarter of 2018, 8 homes were sold in Lake Como, selling for an average price of $605,737 and selling for 4% less than the listing price. The homes stayed on the market for an average of 69 days.
Second Quarter 2018
Through the second quarter of 2018, 18 homes were sold, compared to only 3 last quarter in Lake Como, selling for an average price of $482,161, increasing by 14% since last year, and selling for 1% less than the listing price. The homes stayed on the market for an average of 58 days.
First Quarter 2018
Through the first quarter of 2018, only 3 single family homes were sold in Lake Como, selling for an average price of $422,404, increasing by 6% since last year, and selling for 3% less than the listing price. The homes stayed on the market for an average of 58 days.
2017 Overall
The average sales price of a single family home in Lake Como this year was $432,250, a 22% increase form last year. There were 36 homes sold all year, relatively the same as 2016, and they stayed on the market for an average of54 days, selling for less than 3% of the listing price.
Third Quarter 2017
During the third quarter of 2017, 11 single family homes were sold, averaging at $512,590 per home, a 33% increase from last year. The homes sold for less than 2% off the listing price, with the average days on the market being 56.
Second Quarter 2017
The average sales price for a single family home in Lake Como, NJ for the second quarter of 2017 is $432,611, which represents a 7% increase in sales price over the same quarter in 2016, where the average sales price was $404,333. A total of 9 homes were sold in 2017 the same as 9 homes sold in the same quarter of 2016. Days on the market dropped from to 55 days in 2016 to 27 days in 2017. Homes are selling on average for just 3% less than list price.
First Quarter 2017
During the first quarter of 2017, 9 single family homes sold in Lake Como, a 125% increase over the same period in 2016. The average sales price of a single family home increased to $398,822, a 49% increase. The average days on the market was 86 and homes are selling for 4% less than list price.
2016 Overall
There were a total of 33 single family homes sold in Lake Como during 2016, an increase of 43% over 2015 when only 23 homes were sold. The average sales price for homes in 2016 was $353,958 as compared to $406,796 in 2015. Average days on the market decreased 10% from 77 to 69 and homes are selling for 5% of list price.
Fourth Quarter 2016
Nine single family homes sold in Lake Como in the fourth quarter of 2016 as compared to 7 during the same period of 2015. Average sales price is $302,567, which represents a decrease of 30% as compared to 2015 when the sales price was $435,471. Homes are selling for about 8% less than list price. And, average days on the market is 84, up from 78 during the same period of 2015.
Third Quarter 2016
The average price of a single family home in Lake Como is down 4% over the same period in 2015. However, the number of homes sold in Lake Como is up 83% over the period in 2015. Homes are selling for 3% less than list price, with an average days on market of 62.
Second Quarter 2016
The average sales price for a single family home in Lake Como, NJ for the second quarter of 2016 is $404,333, which represents a 12% increase in sales price over the same quarter in 2015, where the average sales price was $361,000. A total of 9 homes were sold in 2016 verses 6 homes sold in the same quarter of 2015. Days on the market dropped from 75 days in 2015 to 55 days in 2016. Homes are selling on average for just 2% less than list price.
First Quarter 2016
The average sales price for a single family home in Lake Como, NJ for the first quarter of 2016, is $266,250, which represents a 37% decrease in sales price over the same quarter in 2015, where the average sales price was $429,375. A total of four (4) homes were sold in both the first quarter of 2015 and 2016. Days on market dropped slightly from 126 to 90 in 2016. Homes are selling on average for just 8% less than list price.
2015 Overall
The average sale price for a single family home in Lake Como for 2015 was $406,795 based on 23 home sales. This represents an increase of 1% from the prior year. In addition, the number of homes sold rose decreased 23% over 2104. The average listing price of homes on the market year to date was $426,786. Homes are selling at 5% off of list price, with an average days on market of 78.
The information is deemed reliable but not guaranteed.