Manalapan Waterfront
3 Sales · $31.5M Median

MARKET OVERVIEW

Manalapan's waterfront market shows elevated inventory relative to transaction volume, with 6.7 months of supply and a median sold price of $31.5M significantly outpacing the $16.7M median asking price across 20 active listings. The three sales completed in February resulted in an 83% list-to-sale ratio, indicating modest negotiation from asking, while properties averaged 209 days on market—a figure suggesting extended holding periods for sellers. The price disparity between active and sold inventory suggests either market segmentation by property caliber or potential resistance to current asking levels among buyers evaluating waterfront assets in the $15M-to-$20M range.