SPRING LAKE HEIGHTS NJ

REAL ESTATE MARKET UPDATE IN SPRING LAKE HEIGHTS, 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 Spring Lake Heights, NJ.

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

 

First Quarter 2021

 

During the first quarter of 2021, Spring Lake Heights saw the sale of 6 single family homes, right on par with the First Quarter of 2020. The average sales price of these homes was $741,458, up a whopping 40% from the 2020 average sales price. These homes were sold at 101% of list price, which is higher than the 2020 comparison of 98% to asking versus sale prices. The homes were listed with an average of 34 days on market, which is significantly less than 2020’s 45 days on market average.

 

2020 Year End Summary

50 single family homes were sold in 2020 for an average sales price of $665,264 which is 19% higher than 2019. The average Days on Market was 65 and homes sold for 98% of the listing price.

Second Quarter 2020

15 single family homes were sold in the second quarter of 2020. The average sales price is $573,961 with an average of 73 days on the market. Homes sold at 99% of list pricesVolume of sales is up 5% from 2019.

First Quarter 2020

The sale of 6 single family homes were recorded in Spring Lake Heights during the first quarter of 2020. This is a decrease in volume when compared to the same time frame in 2019 from 14 homes sold. There is an 8% decrease in average sales price, with 45 days on the market. Homes sold at 10% below list prices.

2019 Year End Summary

In 2019, 43 homes were sold for an average sales price of $559,265, a slight 1% higher than in 2018. The homes were on the market an average of 61 days, and sold for a solid 96% of the listing price.

Third Quarter 2019

10 single family homes were sold in Spring Lake Heights during the third quarter at an average sales price of $568,000. This is a 3% increase in average sales as compared to the same quarter in 2018, with 75 days on the market. Homes sold at 6% below list prices.

First Quarter 2019

In the first quarter of 2019, 8 single family homes have been sold, for an average price of $613,045, a 2% increase from last year’s first quarter. The homes sold for 97% of the listing price, and the average days on market was 87 days.

2018 Year End Review

For 2018, 51 single family homes were sold, for an average of $553,509, or a 12% increase over 2017. The homes were on the market for an average of 54 days, and sold for 3% less than the listing price.

Third Quarter 2018

The third quarter of 2018 showed an average sales price for single family homes to be $552,246, which is a 5% increase from the second quarter. 18 homes were sold through the second quarter, staying on the market for 55 days, and selling for 4% less than the listing price.

Second Quarter 2018

The second quarter of 2018 showed an average sales price for single family homes to be $524,192, which is a 13% decrease from the first quarter. 14 homes were sold through the second quarter, staying on the market for 33 days, and selling for 1% less than the listing price.

First Quarter 2018

The first quarter of 2018 showed an average sales price for single family homes to be $601,208, which is a 30% increase in sales price. 12 homes were sold through the first quarter, staying on the market for 70 days, and selling for 2% less than the listing price.

2017 Overall

Data for 2017 has shown that 39 single family homes were sold in Spring Lake Heights, a handful more than 2016. The average sales price of a home was $493,578, increasing about 4% more than last year. The homes sold for less than 3% of the listing price, and the average days on the market dropped from  76 to 59 days.

Third Quarter 2017

During the third quarter of 2017 Spring Lake Heights saw a decrease in number of single family homes sold compared to last year, going from 12 to 6. The average sales price of a home decreased 21% to $428,833, and the average home sold for 99% asking price. The days on the market also drastically decreased from 138 days to 29 days.

Second Quarter 2017

The second quarter of 2017 showed an average sales price for a single family home in Spring Lake Heights, NJ of $487,078 which represented a 11% increase in sales price over the same quarter in 2016, when the average sales price was $439,410. A total of 14 homes were sold in 2017 versus 10 in 2016.  Days on the market decreased from to 84 in 2016 to 74 in 2017.  Homes in 2017 were selling on average for just 4% less than list price.

First Quarter 2017

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 and homes sold at 3% less than list price.

2016 Overall

The average sales price of a single family home in Spring Lake Heights in 2016 was $474,348, which represented a 2% decrease when compared to 2015.  In 2016 33 single family homes were sold, down from 43 in 2015.  The average days on the market decreased from 80 in 2015 to 76 in 2016.  On average, homes were selling for 3% less than list price.

 Fourth Quarter 2016

The average sales price of a single family home in Spring Lake Heights, NJ during the fourth quarter of 2016 was $487,643, essentially the same as during the same period of 2015 when it was $489,502.  Seven homes were sold during this period, as compared to 12 in the previous year.  Average days on market decreased from

 Third Quarter 2016

During the third quarter of 2016, the average sales price for a single family home in Spring Lake Heights, NJ was $540,492, a 20% increase as compared to the same period of 2015, $450,073. Twelve homes were sold during the period, one less than during the same period of 2015.  The average days on the market increased from 39 to 57 for this period, still remaining low.  Homes in 2016 were selling for 4% less than list price during this period.

 Second Quarter 2016

The second quarter of 2016 showed an average sales price for a single family home in Spring Lake Heights, NJ of $439,410 which represented a 17% decrease in sales price over the same quarter in 2015, when the average sales price was $ $534,717.  A total of 10 homes were sold in 2016 versus 14 in 2015.  Days on the market decreased from 99 in 2015 to 84 in 2016.  Homes in 2016 were selling on average for just 2% less than list price.

First Quarter 2016

The most recent data shows that the average sale price for a single family home in Spring Lake Heights, NJ during the first quarter of 2016 was $340,000 based on 4 home sales. This represents a decrease of nearly 22% from $436,250 the prior year.  Number of units remained flat at 4 for this period in both 2015 and 2016.  The average days on market increased from 86 for this period in 2015 to 116 in 2016.  Homes were selling at 6% less than list price.

2015 Overall

The average sales price for a single family home in Spring Lake Heights in 2015 was $487,349.  Forty-three homes were sold in 2015.  The average number of days on the market was 80.  Homes were selling for 4% less than list price.

The information is deemed reliable but not guaranteed.