The Year in Review: 2023 compared to 2022 Market Update:
The Real Estate Market is constantly changing and evolving. Check out below some of our local markets and their performance between 2022 and 2023! If you are looking for a town not listed below, leave a comment or send us an email and we would be happy to put together a market comparison for you!
Year In Review: 2023 vs 2022, A Market Update
Allenhurst
In 2023, 3 single family homes were sold, which was a decrease from 9 homes in 2022. The total sales volume for sold Single Family homes in Allenhurst 2023 decreased by 67%. The average sales price was $5,966,666, an increase of 39% from 2022. The homes were on the market an average of 96 days and sold for 89% of the listing price.
Avon-by-the-Sea
In 2023, 24 single family homes were sold, which was an increase from 19 homes in 2022. The total sales volume for sold Single Family homes in Avon-by-the-Sea in 2023 increased by 26%. The average sales price was $2,068,749, an increase of 36% from 2022. The homes were on the market an average of 61 days and sold for 97% of the listing price.
Asbury Park
In 2023, 54 single family homes were sold, which was a decrease from 68 homes in 2022. The total sales volume for sold Single Family homes in Asbury Park in 2023 decreased by 21%. The average sales price was $718,051, an increase of 31% from 2022. The homes were on the market an average of 35 days and sold for 98% of the listing price.
Belmar
In 2023, 36 single family homes were sold, which was a decrease from 46 homes in 2022. The total sales volume for sold Single Family homes in Belmar in 2023 decreased by 22%. The average sales price was $1,311,809, an increase of 13% from 2022. The homes were on the market an average of 58 days and sold for 99% of the listing price.
Bradley Beach
In 2023, 23 single family homes were sold, which was a decrease from 33 homes in 2022. The total sales volume for sold Single Family homes in Bradley Beach in 2023 decreased by 30%. The average sales price was $1,225,152, an increase of 21% from 2022. The homes were on the market an average of 25 days and sold for 101% of the listing price.
Brielle
In 2023, 31 single family homes were sold, which was a decrease from 48 homes in 2022. The total sales volume for sold Single Family homes in Brielle in 2023 decreased by 35%. The average sales price was $1,309,869, a decrease of 1% from 2022. The homes were on the market an average of 56 days and sold for 98% of the listing price.
Interlaken
In 2023, 15 single family homes were sold, which was an increase from 6 homes in 2022. The total sales volume for sold Single Family homes in Interlaken in 2023 increased by 150%. The average sales price was $1,187,319, an increase of 10% from 2022. The homes were on the market an average of 42 days and sold for 100% of the listing price.
Lake Como
In 2023, 25 single family homes were sold, which was an increase from 20 homes in 2022. The total sales volume for sold Single Family homes in Lake Como in 2023 increased by 25%. The average sales price was $898,100, an increase of 40% from 2022. The homes were on the market an average of 23 days and sold for 102% of the listing price.
Manasquan
In 2023, 59 single family homes were sold, which was a decrease from 80 homes in 2022. The total sales volume for sold Single Family homes in Manasquan in 2023 decreased by 26%. The average sales price was $1,392,745, a decrease of 14% from 2022. The homes were on the market an average of 32 days and sold for 98% of the listing price.
Neptune City
In 2023, 34 single family homes were sold, which was a decrease from 46 homes in 2022. The total sales volume for sold Single Family homes in Neptune City in 2023 decreased by 26%. The average sales price was $631,140, an increase of 35% from 2022. The homes were on the market an average of 19 days and sold for 99% of the listing price.
Neptune Township
In 2023, 220 single family homes were sold, which was a decrease from 288 homes in 2022. The total sales volume for sold Single Family homes in Neptune Township in 2023 decreased by 24%. The average sales price was $580,147, an increase of 7% from 2022. The homes were on the market an average of 21 days and sold for 102% of the listing price.
Ocean Grove
In 2023, 43 single family homes were sold, which was a decrease from 49 homes in 2022. The total sales volume for sold Single Family homes in Ocean Grove in 2023 decreased by 12%. The average sales price was $907,542, a decrease of 5% from 2022. The homes were on the market an average of 20 days and sold for 103% of the listing price.
Ocean Township
In 2023, 246 single family homes were sold, which was a decrease from 326 homes in 2022. The total sales volume for sold Single Family homes in Ocean Township in 2023 decreased by 25%. The average sales price was $797,868, which is roughly the same as 2022. The homes were on the market an average of 38 days and sold for 97% of the listing price.
Sea Girt
In 2023, 29 single family homes were sold, which was an increase from 25 homes in 2022. The total sales volume for sold Single Family homes in Sea Girt in 2023 increased by 16%. The average sales price was $3,386,651, an increase of 17% from 2022. The homes were on the market an average of 63 days and sold for 94% of the listing price.
Spring Lake
In 2023, 32 single family homes were sold, which was a decrease from 51 homes in 2022. The total sales volume for sold Single Family homes in Spring Lake in 2023 decreased by 37%. The average sales price was $3,290,891, a decrease of 2% from 2022. The homes were on the market an average of 54 days and sold for 96% of the listing price.
Spring Lake Heights
In 2023, 24 single family homes were sold, which was a decrease from 40 homes in 2022. The total sales volume for sold Single Family homes in Spring Lake Heights in 2023 decreased by 40%. The average sales price was $1,194,854, an increase of 39% from 2022. The homes were on the market an average of 40 days and sold for 98% of the listing price.
Wall
In 2023, 205 single family homes were sold, which was a decrease from 220 homes in 2022. The total sales volume for sold Single Family homes in Wall in 2023 decreased by 7%. The average sales price was $847,086, which is roughly the same as 2022. The homes were on the market an average of 34 days and sold for 100% of the listing price.
West Allenhurst
In 2023, 10 single family homes were sold, which was a decrease from 14 homes in 2022. The total sales volume for sold Single Family homes in West Allenhurst in 2023 decreased by 24%. The average sales price was $1,482,875, which is an increase of 7% from 2022. The homes were on the market an average of 44 days and sold for 92% of the listing price.
Inventory is still incredibly low, and single-family home prices are high. If you or someone you know is thinking about buying or selling, contact us today!