The Long & Foster Market Minute

Focus On: Manasquan and Brielle Housing Market June 2021

Zip Code(s): 08736, 08730 and 08720
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 35%
Vs. Year Ago
Down -28%
Vs. Year Ago
Vs. Year Ago
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 31 sold this month in Manasquan and Brielle Real Estate versus 23 last month, an increase of 35%. This month's total units sold was higher than at this time last year, an increase of 35% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 28%. The total number of active inventory this June was 70 compared to 97 in June 2020. This month's total of 70 is lower than the previous month's total supply of available inventory of 73, a decrease of 4%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Manasquan and Brielle Homes was $599,000. This June, the median sale price was $750,000, an increase of $151,000 compared to last year. The current median sold price is lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 5%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 4.3%
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In June, there was 2.3 months of supply available in Manasquan and Brielle, compared to 4.2 in June 2020. That is a decrease of 46% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 44 homes newly listed for sale in Manasquan and Brielle compared to 42 in June 2020, an increase of 5%. There were 40 current contracts pending sale this June compared to 36 a year ago. The number of current contracts is 11% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Manasquan and Brielle was 101.1% of the average list price, which is 4.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 65. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Manasquan and Brielle are defined as properties listed in zip code/s 08736, 08730 and 08720.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MOMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MOMLS or Long & Foster Real Estate, Inc.