South Florida
Manalapan, FL
Single-Family Homes
Real Estate Market Reports
Manalapan, FL
Sat Jul 27 2024
This week the median list price for Manalapan, FL is $34,900,000 with the market action index hovering around 28. This is an increase over last month's market action index of 24. Inventory has decreased to 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Real-Time Market Profile
| Median List Price | $34,900,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $3,708 | |
| Average Days on Market | 352 | |
| Median Days on Market | 301 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $54,937,500 | 14,762 | 1 - 2.5 acres | 8 | 11.8 | 11 | 0 | 1 | 238 |
| $41,497,500 | 9,388 | 1 - 2.5 acres | 6 | 7 | 34 | 0 | 0 | 84 |
| $28,177,000 | 11,821 | 1 - 2.5 acres | 5 | 7.3 | 33 | 0 | 0 | 346 |
| $5,999,999 | 5,824 | 0.5 - 1 acre | 5 | 6.5 | 24 | 0 | 0 | 518 |