Looking to boost your home value?
Try planting a tree.
Do you want content like this delivered to your inbox?
Share



Share

Brielle Market Update - February 2024

Edwin (Ed) O’Malley

As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...

As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...

Feb 15 2 minutes read

In short, the market in Brielle is heating up as we approach spring!  There was a lot more activity in January of 2024 than January of 2023 - for example - average days on market - in January 2023, we were at 87 - now, just last month, we were down to 18! Also, looking back, there was only one new listing in Brielle in January 2023, and there were 7 new listings in Brielle in January 2024.  Last but not least - 3 closings in Brielle last month, and only one in January 2023. 

There are several reasons for the changes above:

1) A mild winter - when we have a hard winter, owners are less inclined to sell, and buyers are less inclined to go look. So far, we've had an easy winter.

2) Rates are slowly coming down, and are projected to come down further this year.

3) Simply put - Spring is coming - traditionally, the market warms up as the weather warms up!

If you are thinking of selling, we would be happy to talk!

When properly priced and marketed, homes continue to sell quite readily. 

Our market report showcases everything you need to know about local real estate trends.  All statistics are for the month just completed, per the MLS as of 2/15/24.  

NOTE: If a ↑ or a ↓ accompanies a statistic, that is the direction of the trend from the previous month's number - up or down.

Please reach out to us with your questions.

 Suzie & Ed

New Listings

10

Active Listings

6

Under Contract

3

Closed Sales


Homes Sold

98.7%

Sale-to-List Price


$1,154,750 

Average Sales Price

2.7

Months of Supply

18

Average Days on Market

Curious about what
your home is worth now?

Get an accurate home value report from our team, and if you would like, a complete market analysis. Or if you have any other question, just let us know! 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info