During the week of December 15 to 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 highlighted by a property on Alan Terrace in Howell, which sold for $685,000 and featured 1,480 square feet of living space.
Several noteworthy sales occurred throughout the county during this period. In Allentown, a home at 90 Minuteman Circle was sold for $620,000, encompassing 2,354 square feet, equating to $263 per square foot. Asbury Park saw a property at 158 Ridge Ave. change hands for $285,000, reflecting a price of $254 per square foot for a 1,120-square-foot home.
In Atlantic Highlands, a significant sale was recorded at 8 Harbor View Drive, where a 5,660-square-foot residence sold for $2,901,000, translating to $513 per square foot. Meanwhile, Belmar’s 216 4th Ave. fetched $1,500,000, featuring five bedrooms and covering 2,899 square feet.
Further notable transactions included a property in Colts Neck at 20 Squire Terrace, which sold for $1,125,000 and had 2,674 square feet. Additionally, Deal recorded a high-end sale at 23 Milan Place, which sold for an impressive $3,620,000 for a 2,614-square-foot home.
Key Sales Across the Region
The sales activity encompassed various towns in Monmouth County, reflecting a diverse range of property types and prices. For instance, in Freehold, a home at 28 Kingsley Way sold for $242,150, offering 1,435 square feet at $169 per square foot. In contrast, a luxurious property in Sea Girt, located at 101 Neptune Place, commanded a sale price of $6,025,000 for 4,083 square feet.
In the township of Hazlet, two notable transactions included 30 Lafayette Drive, sold at $560,000, and 28 Lafayette Drive, which changed hands for $800,000.
Sales continued to be strong in Long Branch, where a property at 146 Bath Ave. sold for $875,000, while another at 309 Oakley Ave. fetched $950,000 despite being only 974 square feet.
Market Trends and Insights
The real estate market in Monmouth County remains robust, with various transactions indicating a range of buyer interests from affordable homes to luxury estates. The diversity in property sizes and price points suggests a healthy demand across different segments of the housing market.
As the year progresses, potential buyers and investors will be watching the market closely. With a median sale price hovering around $685,000, the trends observed in this period could indicate sustained interest in residential properties in Monmouth County.
These transactions not only reflect the area’s economic stability but also highlight the ongoing appeal of Monmouth County as a desirable location for homebuyers. The full list of transactions offers insight into the types of properties that are selling and at what price points, providing valuable information for future buyers and sellers alike.
