The real estate industry in Asbury Park NJ is thriving, with rising home values, strong buyer demand, and a competitive landscape of local agencies and independent agents vying for listings and investor attention.
🏡 Market Overview
Asbury Park’s real estate market has seen significant growth in 2025:
- Median Sale Price: $875,000 — up 38.3% year-over-year Redfin
- Price Per Square Foot: $611 — a 30.1% increase Redfin
- Average Days on Market: 44 days, compared to 31 last year Redfin
- Median Listing Price: $749,500; Median Sold Price: $922,500 Realtor.com
This surge reflects the city’s appeal to both full-time residents and investors, especially in neighborhoods near Cookman Avenue, Wesley Lake, and the beachfront.
🧭 Industry Dynamics
The Asbury Park real estate scene is shaped by:
- Population Growth & Urban Revitalization: Continued development and cultural investment have made Asbury Park a magnet for buyers and developers HouseCashin
- Inventory Fluctuations: Fewer homes sold in early 2025 compared to 2024, but total sales volume remains strong theconnollyagencyrealestate.com
- Investor Interest: Long-term forecasts predict home values could reach $482,986 in five years, making Asbury Park attractive for strategic investment WalletInvestor.com
🥇 Key Competitors & Agencies
Several real estate professionals and agencies are active in Asbury Park:
- The Connolly Agency: Known for quarterly market updates and strong local presence theconnollyagencyrealestate.com
- Berkshire Hathaway HomeServices: Offers listings across Monmouth County, including Asbury Park
- Coldwell Banker Realty: Prominent in coastal NJ markets
- Independent Agents: Like Michael Mizrahi, who offer hyper-local expertise and personalized service
Michael Mizrahi stands out by combining deep neighborhood knowledge with hands-on support for sellers — from pricing strategy to closing.
🧠 What Sellers Should Know
- Competition Is High: Sellers benefit from working with agents who offer standout marketing and negotiation skills.
- Local Expertise Wins: Agents familiar with Asbury Park’s zoning, development plans, and buyer trends can price and position homes more effectively.
- Presentation Matters: In a competitive market, professional staging, photography, and digital marketing are essential.
Final Thought:
Asbury Park NJ’s real estate industry is vibrant and competitive — but with the right agent, sellers can thrive. Michael Mizrahi’s local insight and strategic approach help homeowners stand out and sell smart.
Sources: HouseCashin WalletInvestor.com theconnollyagencyrealestate.com Redfin Realtor.com
