During the week of December 15 to December 21, 2023, Monmouth County experienced a notable surge in residential property sales, with a total of 77 transactions reported. The median sale price for the area was recorded at $685,000, reflecting a competitive market where buyers are actively seeking homes.
Among the transactions, a standout property was located on Alan Terrace in Howell, spanning 1,480 square feet and selling for the median price of $685,000. The diverse range of properties sold during this week showcases the variety available within the county, appealing to different buyer preferences and budgets.
Highlighted Sales and Property Details
A selection of notable sales includes:
– In Asbury Park, a property at 158 Ridge Ave. was sold for $285,000. This 1,120-square-foot home features three bedrooms and one bathroom, priced at approximately $254 per square foot.
– Atlantic Highlands saw a significant sale at 8 Harbor View Drive, which fetched $2,901,000. The expansive 5,660-square-foot home includes three bedrooms and three bathrooms, translating to $513 per square foot.
– Belmar recorded the sale of a 2,899-square-foot home at 216 4th Ave. for $1,500,000, highlighting the area’s appeal with a price per square foot of $517.
– A notable transaction in Colts Neck was for 20 Squire Terrace, which sold for $1,125,000 at 2,674 square feet ($421 per square foot).
– In Deal, a luxurious six-bedroom property at 23 Milan Place reached $3,620,000, demonstrating the high-end market dynamics in this region.
The sales data reflects an active real estate market in Monmouth County, appealing to a diverse range of buyers. The variety in property sizes, styles, and price points suggests a robust demand, likely influenced by both local buyers and those looking to relocate to this desirable area.
Market Insights and Future Outlook
The real estate activity reported is indicative of broader trends within the housing market, characterized by increased demand and competition among buyers. As the year comes to a close, the data from this week provides a snapshot of Monmouth County’s residential landscape, which may continue to evolve in the coming months.
As prospective buyers navigate this competitive environment, understanding the nuances of recent sales and prices will be crucial in making informed decisions. The consistent activity in the market could signal ongoing interest in Monmouth County as a preferred location for residential living.
Overall, the week of December 15 to December 21 has underscored the appeal of Monmouth County real estate, with buyers actively engaging across various price points and property types. The continued momentum in sales suggests a vibrant housing market that remains attractive to both new and seasoned homeowners.
