Spring Lake Housing Market Report December 2024•Monmouth County, New Jersey

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Housing Prices in Spring Lake, NJ

How much do homes in Spring Lake, NJ cost?

Housing Market Conditions

Is Spring Lake, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Spring Lake is a Seller's Market

Difference Since December 2023

Since last year, Spring Lake has remained a Seller's Market.

Insight

Spring Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$998,249$576/SqFt
+$54,749
+5.8%

Based on all homes sold in the last 12 months

Insight

Homes in Spring Lake have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Spring Lake was $998,249 in December 2024, up 5.8% from last year, and the median price per square foot was $576.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Belmar
+24.6%
Spring Lake
+5.8%
Sea Girt
-13.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$507.5K$580K
+14.3%
2$657.5K$748.7K
+13.9%
3$837K$975K
+16.5%
4$1.5M$1.1M
-23.0%
5$3.1M$3.5M
+12.0%

Summary: Spring Lake housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +14.3%. The home price for 2 bedroom homes increased by +13.9%. The home price for 3 bedroom homes increased by +16.5%. The home price for 4 bedroom homes decreased by -23.0%. The home price for 5 bedroom homes increased by +12.0%.

Housing supply in Spring Lake, NJ

How many homes are available in Spring Lake, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
31Last MonthDec 2024
372 months agoNov 2024
-16.2 %
Change MoMNov – Dec

Summary: The Spring Lake real estate market had 31 homes for sale in Dec 2024, a 16.2 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
92 months agoNov 2024
-22.2 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
286
-25.0%
353
-40.0%
4119
-18.2%
51212
0.0%

Summary: Spring Lake housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 4 bedroom homes decreased by -18.2%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Spring Lake, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Spring Lake, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Spring Lake in December 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and and 14% were sold over asking.

Days on Market for Spring Lake, NJ

How long does it take to sell a home in Spring Lake, NJ?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days6 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Spring Lake has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Spring Lake; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
56 DaysThis YearDec 2024
35 Days1 year agoDec 2023
+60.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Spring Lake had an average listing age of 56 days in Dec 2024, up by 60.2% compared to the previous year.

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Newest Listings in Spring Lake, NJ

What homes are available in Spring Lake, NJ?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Monmouth Ocean Regional MLS, and ALL JERSEY MLS for the period 01/01/2023 - 01/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/23/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/24/2025, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.