$10,000 Closing Credit*
$1,800,000
3 Beds
•3 Full Baths, 2 Partial
Nancy Ellithy, Listing Office: Keller Williams Realty Central Monmouth
Is Lake Como, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Como has remained a Seller's Market.
Key Takeaway
Lake Como is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Como, NJ
How much do homes in Lake Como, NJ cost?
Median Sold Price
$631,950
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,550(-0.9%)
Key Takeaway
Homes in Lake Como have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Lake Como was $631,950 in November 2024, down 0.9% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306K | $340K | +11.1% |
| 2 Bedrooms | $595K | $528.2K | -11.2% |
| 3 Bedrooms | $758.2K | $699.9K | -7.7% |
| 4 Bedrooms | $1.3M | $1.2M | -9.5% |
| 5+ Bedrooms | $1.0M | $900K | -13.9% |
Summary: Lake Como housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Belmar | $682K | $810K | +18.8% |
| Wall Township | $720.4K | $830K | +15.2% |
| Spring Lake | $910K | $998.2K | +9.7% |
| Lake Como | $637.5K | $631.9K | -0.9% |
Housing Supply in Lake Como, NJ
How many homes are available in Lake Como, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Lake Como real estate market had 15 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake Como housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Como, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lake Como in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Como, NJ
How long does it take to sell a home in Lake Como, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 89 Days | +739.1% |
Summary: Homes in Lake Como had an average of 89 days on market in Nov 2024, up by 739.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Como has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lake Como; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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 © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.