Is Bayville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bayville was a Seller's Market.
Key Takeaway
Bayville 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 Bayville, NJ
How much do homes in Bayville, NJ cost?
Median Sold Price
$503,750
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bayville have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Bayville was $503,750 in May 2024, up 18.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $265K | +17.3% |
| 2 Bedrooms | $330K | $347K | +5.2% |
| 3 Bedrooms | $415K | $465K | +12.0% |
| 4 Bedrooms | $544K | $617.4K | +13.5% |
| 5+ Bedrooms | $652.5K | $599K | -8.2% |
Summary: Bayville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Pine Beach | $400K | $507.5K | +26.9% |
| Bayville | $424K | $503.7K | +18.8% |
| Ocean Gate | $360K | $425K | +18.1% |
| Berkeley Township | $315K | $336.5K | +6.8% |
| Beachwood | $395K | $420K | +6.3% |
Housing Supply in Bayville, NJ
How many homes are available in Bayville, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 114 | +0.9% |
Summary: The Bayville real estate market had 114 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 44 | 39 | -11.4% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Bayville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bayville, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Bayville in May 2024, the same as the previous month. Of the 19 sold homes, 21% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for Bayville, NJ
How long does it take to sell a home in Bayville, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 39 Days | +21.9% |
Summary: Homes in Bayville had an average of 39 days on market in May 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bayville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Bayville; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% 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.