the
RESOURCES
report
Real Estate Market Report 3rd Quarter 2020
R E A L E S TAT E B R O K E R
A WORLD OF
DIFFERENCE
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732-212-0440 | RUMSON | ATLANTIC HIGHLANDS | SHREWSBURY | RESOURCESREALESTATE.COM
resourcesrealestate.com Cover image, 12 Oyster Bay Drive, Rumson, grand shingle style waterfront estate, mobile website: bit.ly/12OysterBayDrive
39 N Prospect Avenue, Red Bank mobile website: bit.ly/39NProspectAv YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Number of Sales
171
162
-5.26%
Change
Number of Sales
47
50
6.38%
Days on Market
45
45
0.00%
Days on Market
60
45
-25.00%
Average Price
343,363
372,073
8.36%
Average Price
402,659
543,554
34.99%
Median Price
340,000
374,900
10.26%
Median Price
375,000
470,000
25.33%
Highest Price
695,000
719,000
3.45%
Highest Price
899,000
1,399,000
55.62%
22
21
-4.55%
Current Inventory
11
18
63.64%
YTD 3Q 2019
YTD 3Q 2020
Change
ATLANTIC HIGHLANDS
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
4
6
50.00%
Number of Sales
57
53
-7.02%
Days on Market
80
40
-50.00%
Days on Market
48
53
10.42%
Average Price
2,117,675
1,314,983
-37.90%
Average Price
527,992
566,034
7.21%
Median Price
850,000
835,000
-1.76%
Median Price
399,000
552,000
38.35%
Highest Price
5,600,000
3,050,000
-45.54%
Highest Price
2,400,000
1,250,000
-47.92%
2
4
100.00%
Current Inventory
8
9
12.50%
YTD 3Q 2019
YTD 3Q 2020
Change
AVON-BY-THE-SEA
YTD 3Q 2019
YTD 3Q 2020
Change
19
17
-10.53%
Number of Sales
12
22
83.33%
Days on Market
ABERDEEN
Current Inventory
ALLENHURST
Current Inventory
ALLENTOWN Number of Sales Days on Market
ASBURY PARK
63
55
-12.70%
67
59
-11.94%
Average Price
341,794
361,998
5.91%
Average Price
1,344,041
1,436,262
6.86%
Median Price
349,900
339,000
-3.12%
Median Price
1,425,000
1,225,000
-14.04%
Highest Price
625,000
900,000
44.00%
Highest Price
2,450,000
3,000,000
22.45%
1
3
200.00%
4
5
25.00%
Current Inventory
$
Current Inventory
ASBURY PARK highest sales price UP 55.62
%
re source sre al es tate. co m
165 Comanche Drive, Oceanport mobile website: bit.ly/165ComancheDr
BELMAR Number of Sales Days on Market
YTD 3Q 2019
YTD 3Q 2020
Change
46
57
23.91%
Number of Sales
COLTS NECK
YTD 3Q 2019
YTD 3Q 2020
Change
107
115
7.48%
66
59
-10.61%
Days on Market
80
65
-18.75%
Average Price
731,879
836,044
14.23%
Average Price
821,138
973,465
18.55%
Median Price
605,000
662,000
9.42%
Median Price
705,000
778,000
10.35%
Highest Price
2,265,000
2,450,000
8.17%
Highest Price
3,780,000
4,500,000
19.05%
11
10
-9.09%
Current Inventory
51
57
11.76%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
41
43
4.88%
Number of Sales
9
5
-44.44%
Days on Market
39
61
56.41%
Days on Market
42
140
233.33%
Average Price
731,316
721,993
-1.27%
Average Price
1,827,666
1,957,600
7.11%
Median Price
680,000
625,000
-8.09%
Median Price
1,355,000
2,000,000
108.71%
Highest Price
1,400,000
1,312,500
-6.25%
Highest Price
4,120,000
2,828,000
-31.36%
10
6
-40.00%
Current Inventory
6
13
116.67%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
46
45
-2.17%
Number of Sales
67
71
5.97%
Days on Market
74
58
-21.62%
Days on Market
47
43
-8.51%
Average Price
701,491
789,458
12.54%
Average Price
406,441
460,633
13.33%
Median Price
615,000
719,000
16.91%
Median Price
370,000
435,000
17.57%
Highest Price
2,450,000
1,862,500
-23.98%
Highest Price
865,000
1,375,000
58.96%
17
14
-17.65%
8
12
50.00%
Current Inventory
BRADLEY BEACH
Current Inventory
BRIELLE
Current Inventory
DEAL
EATONTOWN
$ UP 108.71%
DEAL median sales price re s ou rc esre a le st a te. c om
Current Inventory
63 Borden Place, Little Silver mobile website: bit.ly/63BordenPl YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
13
9
-30.77%
Number of Sales
87
64
-26.44%
Days on Market
48
68
41.67%
Days on Market
44
34
-22.73%
Average Price
348,461
342,616
-1.68%
Average Price
280,083
322,942
15.30%
Median Price
305,000
325,000
6.56%
Median Price
275,000
315,000
14.55%
Highest Price
505,000
464,900
-7.94%
Highest Price
525,000
605,000
15.24%
2
4
100.00%
7
5
-28.57%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
84
93
10.71%
Number of Sales
244
243
-0.41%
Days on Market
58
55
-5.17%
Days on Market
56
48
-14.29%
Average Price
957,000
1,187,027
24.04%
Average Price
516,770
549,276
6.29%
Median Price
939,000
978,000
4.15%
Median Price
492,500
515,000
4.57%
Highest Price
2,000,000
4,200,000
110.00%
Highest Price
1,140,000
995,000
-12.72%
13
9
-30.77%
Current Inventory
42
28
-33.33%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
9
10
11.11%
Number of Sales
217
216
-0.46%
Days on Market
35
43
22.86%
Days on Market
37
31
-16.22%
Average Price
330,600
397,990
20.38%
Average Price
315,092
331,179
5.11%
Median Price
310,000
300,000
-3.23%
Median Price
338,000
355,000
5.03%
Highest Price
556,000
949,900
70.85%
Highest Price
760,000
579,100
-23.80%
1
2
100.00%
17
19
11.76%
Current Inventory
FAIR HAVEN
Current Inventory
FARMINGDALE
Current Inventory
FREEHOLD BORO
Current Inventory
FREEHOLD
HAZLET
ď ’
YTD 3Q 2019
ENGLISHTOWN
Current Inventory
ENGLISHTOWN unit sales DOWN 30.77
%
re source sre al es tate. co m
120 Lincoln Avenue, Fair Haven mobile website: bit.ly/120LincolnAvenue YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
47
46
-2.13%
Number of Sales
5
8
60.00%
Days on Market
66
56
-15.15%
Days on Market
25
58
132.00%
Average Price
422,343
513,968
21.69%
Average Price
1,054,980
892,874
-15.37%
Median Price
427,000
450,000
5.39%
Median Price
815,000
825,000
1.23%
Highest Price
1,375,000
1,845,000
34.18%
Highest Price
2,000,000
1,150,000
-42.50%
16
15
-6.25%
Current Inventory
1
2
100.00%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
133
140
5.26%
Number of Sales
102
111
8.82%
Days on Market
68
64
-5.88%
Days on Market
50
54
8.00%
Average Price
802,056
754,625
-5.91%
Average Price
176,955
205,129
15.92%
Median Price
725,000
725,000
0.00%
Median Price
175,000
195,000
11.43%
Highest Price
2,395,682
1,850,000
-22.78%
Highest Price
399,900
410,000
2.53%
59
37
-37.29%
Current Inventory
15
18
20.00%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
474
446
-5.91%
Number of Sales
61
47
-22.95%
Days on Market
53
47
-11.32%
Days on Market
46
40
-13.04%
Average Price
385,644
407,065
5.55%
Average Price
266,051
326,590
22.75%
Median Price
365,000
387,500
6.16%
Median Price
276,000
324,000
17.39%
Highest Price
970,000
1,351,000
39.28%
Highest Price
562,000
572,500
1.87%
76
57
-25.00%
Current Inventory
14
14
0.00%
HIGHLANDS
Current Inventory
HOLMDEL
Current Inventory
HOWELL
Current Inventory
INTERLAKEN
KEANSBURG
KEYPORT
T % INTERLAKEN days on the market UP 132.00 re s ou rc esre a le st a te. c om
82 W River Road, Rumson mobile website: bit.ly/82WestRiverRd
LAKE COMO Number of Sales Days on Market
YTD 3Q 2019
YTD 3Q 2020
Change
21
22
4.76%
Number of Sales
LONG BRANCH
YTD 3Q 2019
YTD 3Q 2020
Change
123
111
-9.76%
45
58
28.89%
Days on Market
60
57
-5.00%
Average Price
465,804
539,068
15.73%
Average Price
419,383
602,264
43.61%
Median Price
430,000
399,000
-7.21%
Median Price
351,000
455,000
29.63%
Highest Price
1,065,000
1,250,000
17.37%
Highest Price
2,100,000
4,400,000
109.52%
4
4
0.00%
Current Inventory
34
51
50.00%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
81
95
17.28%
Number of Sales
268
277
3.36%
Days on Market
Current Inventory
LITTLE SILVER Number of Sales Days on Market
MANALAPAN
67
47
-29.85%
45
49
8.89%
Average Price
786,413
863,387
9.79%
Average Price
547,190
576,889
5.43%
Median Price
698,000
698,500
0.07%
Median Price
527,500
552,500
4.74%
Highest Price
2,035,000
2,700,000
32.68%
Highest Price
1,485,000
1,365,000
-8.08%
13
10
-23.08%
Current Inventory
40
27
-32.50%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
0
1
n/a
Number of Sales
71
71
0.00%
Days on Market
0
77
n/a
Days on Market
68
60
-11.76%
Average Price
0
985,000
n/a
Average Price
863,052
863,468
0.05%
Median Price
0
985,000
n/a
Median Price
740,000
789,000
6.62%
Highest Price
0
985,000
n/a
Highest Price
2,462,500
3,985,900
61.86%
Current Inventory
0
4
n/a
18
21
16.67%
Current Inventory
LOCH ARBOUR
MANASQUAN
$
Current Inventory
LONG BRANCH highest sales price UP 109.52
%
re source sre al es tate. co m
66 8th Ave, Atlantic Highlands mobile website: bit.ly/668thAve
MARLBORO Number of Sales Days on Market
YTD 3Q 2019
YTD 3Q 2020
Change
288
288
0.00%
Number of Sales Days on Market
MILLSTONE
YTD 3Q 2019
YTD 3Q 2020
Change
83
101
21.69%
51
45
-11.76%
77
73
-5.19%
Average Price
623,901
626,328
0.39%
Average Price
543,170
600,358
10.53%
Median Price
575,000
590,000
2.61%
Median Price
560,320
605,000
7.97%
Highest Price
2,250,000
1,940,000
-13.78%
Highest Price
1,099,000
1,175,000
6.92%
82
53
-35.37%
Current Inventory
45
46
2.22%
YTD 3Q 2019
YTD 3Q 2020
Change
MONMOUTH BEACH
YTD 3Q 2019
YTD 3Q 2020
Change
77
60
-22.08%
Number of Sales
21
34
61.90%
Current Inventory
MATAWAN Number of Sales
40
42
5.00%
Days on Market
82
72
-12.20%
Average Price
Days on Market
381,516
373,873
-2.00%
Average Price
1,113,690
1,304,752
17.16%
Median Price
395,000
375,000
-5.06%
Median Price
1,164,000
975,000
-16.24%
Highest Price
610,000
645,000
5.74%
Highest Price
2,050,000
3,725,000
81.71%
12
10
-16.67%
16
9
-43.75%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
580
640
10.34%
Number of Sales
38
34
-10.53%
Days on Market
45
40
-11.11%
Days on Market
49
32
-34.69%
Average Price
469,387
547,440
16.63%
Average Price
301,607
309,614
2.65%
Median Price
421,000
490,000
16.39%
Median Price
282,800
300,000
6.08%
Highest Price
3,750,000
3,225,000
-14.00%
Highest Price
700,000
470,000
-32.86%
87
107
22.99%
5
1
-80.00%
Current Inventory
MIDDLETOWN
Current Inventory
Current Inventory
NEPTUNE CITY
 $
Current Inventory
MONMOUTH BEACH median sales price DOWN 16.24 re s ou rc esre a le st a te. c om
%
25 Sunny Ridge Drive, Fair Haven mobile website: bit.ly/25SunnyRidgeDr
NEPTUNE Number of Sales Days on Market
YTD 3Q 2019
YTD3Q 2020
Change
247
255
3.24%
Number of Sales
RED BANK
YTD 3Q 2019
YTD 3Q 2020
Change
76
60
-21.05%
48
45
-6.25%
Days on Market
51
42
-17.65%
Average Price
361,458
394,157
9.05%
Average Price
475,910
571,305
20.04%
Median Price
335,000
360,000
7.46%
Median Price
465,000
539,000
15.91%
Highest Price
1,350,000
1,525,000
12.96%
Highest Price
1,114,000
2,900,000
160.32%
26
27
3.85%
Current Inventory
6
19
216.67%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
195
217
11.28%
Number of Sales
3
10
233.33%
Current Inventory
OCEAN Number of Sales Days on Market
ROOSEVELT
57
58
1.75%
Days on Market
85
34
-60.00%
Average Price
558,324
579,191
3.74%
Average Price
242,333
311,650
28.60%
Median Price
520,000
519,900
-0.02%
Median Price
222,000
239,000
7.66%
Highest Price
1,750,000
2,450,000
40.00%
Highest Price
315,000
579,000
83.81%
57
58
1.75%
Current Inventory
2
0
-100.00%
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
54
75
38.89%
Number of Sales
92
128
39.13%
Days on Market
56
47
-16.07%
Days on Market
59
60
1.69%
Average Price
638,683
727,286
13.87%
Average Price
1,553,524
1,630,435
4.95%
Median Price
560,000
650,000
16.07%
Median Price
1,350,000
1,415,000
4.81%
Highest Price
1,500,000
3,000,000
100.00%
Highest Price
4,200,000
3,995,000
-4.88%
18
14
-22.22%
35
40
14.29%
Current Inventory
OCEANPORT
Current Inventory
RUMSON
$
Current Inventory
OCEANPORT highest sales price UP 100.00
%
re source sre al es tate. co m
1-614 Channel Club Drive, Monmouth Beach mobile website: bit.ly/1ChannelDr614 YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Number of Sales
13
23
76.92%
Change
Number of Sales
0
1
n/a
Days on Market
63
69
9.52%
Days on Market
0
3
n/a
Average Price
976,391
1,212,543
24.19%
Average Price
0
57,600
n/a
Median Price
945,000
950,000
0.53%
Median Price
0
57,600
n/a
Highest Price
1,850,000
3,300,000
78.38%
Highest Price
0
57,600
n/a
12
8
-33.33%
Current Inventory
0
1
n/a
YTD 3Q 2019
YTD 3Q 2020
Change
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
21
39
85.71%
Number of Sales
37
58
56.76%
Days on Market
98
82
-16.33%
Days on Market
98
98
0.00%
Average Price
2,217,380
2,220,515
0.14%
Average Price
2,538,506
2,860,711
12.69%
Median Price
1,995,000
2,130,000
6.77%
Median Price
2,175,000
2,400,000
10.34%
Highest Price
3,510,000
7,100,000
102.28%
Highest Price
5,500,000
7,310,000
32.91%
Current Inventory
11
9
-18.18%
Current Inventory
7
12
71.43%
SHREWSBURY BORO
YTD 3Q 2019
YTD 3Q 2020
Change
SPRING LAKE HEIGHTS
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
39
46
17.95%
Number of Sales
30
40
33.33%
Days on Market
50
46
-8.00%
Days on Market
66
75
13.64%
Average Price
528,943
650,049
22.90%
Average Price
573,680
641,242
11.78%
Median Price
490,000
610,000
24.49%
Median Price
542,500
605,000
11.52%
Highest Price
859,900
1,250,000
45.37%
Highest Price
973,054
1,177,500
21.01%
5
5
0.00%
Current Inventory
5
3
-40.00%
SEA BRIGHT
Current Inventory
SEA GIRT
Current Inventory
SHREWSBURY TWSP.
SPRING LAKE
ď ’
SEA GIRT unit sales UP 85.71 re s ou rc esre a le st a te. c om
%
12 Oyster Bay Drive, Rumson mobile website: bit.ly/12OysterBayDrive YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
119
110
-7.56%
Days on Market
43
51
Average Price
479,736
Median Price Highest Price
TINTON FALLS
Current Inventory
UNION BEACH Number of Sales Days on Market
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
239
244
2.09%
18.60%
Days on Market
54
56
3.70%
519,355
8.26%
Average Price
559,772
613,116
9.53%
462,500
505,000
9.19%
Median Price
514,999
560,000
8.74%
1,072,500
1,070,000
-0.23%
Highest Price
2,000,000
2,720,000
36.00%
15
9
-40.00%
Current Inventory
40
37
-7.50%
YTD 3Q 2019
YTD 3Q 2020
Change
WEST LONG BRANCH
YTD 3Q 2019
YTD 3Q 2020
Change
96
79
-17.71%
Number of Sales
64
61
-4.69%
WALL
47
47
0.00%
Days on Market
52
51
-1.92%
Average Price
284,875
343,517
20.59%
Average Price
594,106
594,644
0.09%
Median Price
285,000
352,500
23.68%
Median Price
550,000
545,000
-0.91%
Highest Price
795,000
580,000
-27.04%
Highest Price
1,700,000
1,500,000
-11.76%
25
22
-12.00%
Current Inventory
14
17
21.43%
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
34
56
64.71%
Days on Market
91
92
1.10%
Average Price
599,310
578,956
-3.40%
Median Price
590,000
565,000
-4.24%
Highest Price
1,300,000
1,500,000
15.38%
20
16
-20.00%
Current Inventory
UPPER FREEHOLD
Current Inventory
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ď ’
UPPER FREEHOLD unit sales UP 64.71
%
re source sre al es tate. co m
459 Locust Point Road, Locust mobile website: bit.ly/459LocustPointRd
YTD 3Q 2019
YTD 3Q 2020
Change
Number of Sales
5,112
5,321
4.09%
Days on Market
53
51
-3.77%
Average Price
546,992
630,120
15.20%
Median Price
442,000
500,000
13.12%
Highest Price
5,600,000
7,310,000
30.54%
1,067
1,009
-5.44%
MONMOUTH COUNTY
Current Inventory
$
highest price home sale ytd
7,310,000
median price
UP $ 13.12%
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R E A L E S TAT E B R O K E R
732-212-0440 resourcesrealestate.com Corporate Headquarters 457 Broad Street, Suite B, Shrewsbury, NJ 07702 112 East River Road, Rumson, NJ 07760 | 65 First Avenue, Atlantic Highlands, NJ 07716 | 457 Broad Street, Suite A, Shrewsbury, NJ 07702
Information deemed reliable but not guaranteed. 2020 Data as of 11/9/20. 2019 Data as of 11/9 /20. Copyright 2020 by the Monmouth County Association of REALTORS®