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Brielle Market Update - January 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...

Jan 10 2 minutes read

Happy New Year!  As is often the case in any real estate market, things slow around the holidays, and into the winter, depending on the severity of the weather.  Having said that, as you'll see below, there was still good activity in the Brielle real estate market in December.  When compared to December 2022, there were fewer homes on the market in December 2023 (7) vs 19 in December 2022.  Also, this December, on average, homes were taking longer to sell - 99 days on the market, vs 21 days on the market in December 2022.  Our predictions, and those of others, suggest that the 2024 market will likely be more "normal" - more inventory, and hopefully lower interest rates, which should make for a more active market in all respects.

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 1/10/24.  

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

7

Active Listings

4

Under Contract

1

Closed Sales


Homes Sold

92%

Sale-to-List Price


$2,300,000 

Average Sales Price

1.8

Months of Supply

99

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! 

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