Manalapan Waterfront
1 Sales · $62.5M Median

MARKET OVERVIEW

Manalapan's waterfront market is characterized by significant inventory depth, with 20 active listings representing a 20-month supply as of May 2026, well above the six-month threshold typically associated with balanced conditions. The single closed transaction this month—a $62.5 million sale against a $16.7 million median asking price—underscores a widening gap between seller expectations and realized values, with the list-to-sale ratio of 83.3 percent indicating a 16.7 percent average markdown from initial asking prices. Properties are averaging 47 days on market, a relatively swift pace given inventory levels, though the outsized discrepancy between median asking and median sold prices suggests pricing discipline remains elusive among market participants.