Reduced inventory coupled with high demand has sent home prices up in Manahawkin
Manahawkin Real Estate Market Update:
Median list price and median sale price are both up. The total number of homes sold over the last year is up while pending homes sold (yet to close) is unchanged in comparison to 2019. Reminder: over 550 Stafford Twp homes have sold in the last 12 months!
Manahawkin Real Estate Activity: (compared to 2019)
- Median List Price: Up 9.40%
- Median Sale Price: Up 12.28%
- Median Days on Market: 24 (# of days on market before property sells)
- Sold Listings: Up 8.6%
- Pending Sold Listings (this month): Down 14.3%
- Active Listings (this month): Down 64.9%
- New Listings (this month): Down 11.2%
Manahawkin Housing Market Summary: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months
- Estimated Home Values: Up 12.44%
- Sales Price: Up 21.69%
- List Price: Up 21.91%
Bottom Line: While median list and sold prices have increased in the last year; active listings - that is homes that are on the market in January is down by over 64%, a staggering number. If you’re thinking about selling your Manahawkin home, NOW may be the time!
If you have any questions, please contact me at your convenience.
Karl Hess provides expert real estate services to residential buyers and sellers in Stafford Twp and the surrounding communities. Contact us today for more information on Manahawkin Real Estate and for professional assistance navigating this complex home market.