Is Avalon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Avalon was a Seller's Market.
Key Takeaway
Avalon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Avalon, PA
How much do homes in Avalon, PA cost?
Median Sold Price
$182,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avalon have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Avalon was $182,500 in April 2024, down 8.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $86.5K | +15.3% |
| 2 Bedrooms | $96.4K | $141.2K | +46.4% |
| 3 Bedrooms | $175K | $180K | +2.9% |
| 4 Bedrooms | $230K | $232.5K | +1.1% |
| 5+ Bedrooms | $239K | $291.5K | +22.0% |
Summary: Avalon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 46.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $200K | $235K | +17.5% |
| Ross Township | $250K | $268.2K | +7.3% |
| Avalon | $198.7K | $182.5K | -8.2% |
Housing Supply in Avalon, PA
How many homes are available in Avalon, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The Avalon real estate market had 25 homes for sale in April 2024, a 13.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 11 | 6 | -45.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Avalon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Avalon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Avalon in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Avalon, PA
How long does it take to sell a home in Avalon, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 73 Days | +204.1% |
Summary: Homes in Avalon had an average of 73 days on market in Apr 2024, up by 204.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Avalon has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Avalon; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
