Is Lavallette, 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, Lavallette was a Seller's Market.
Housing Prices in Lavallette, NJ
How much do homes in Lavallette, NJ cost?
Median Sold Price
$920,000
$833/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lavallette was $920,000 in May 2024, up 8.9% from last year, and the median price per square foot was $833.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402.4K | $325K | -19.2% |
2 Bedrooms | $575K | $615K | +7.0% |
3 Bedrooms | $802.5K | $905K | +12.8% |
4 Bedrooms | $1.2M | $1.2M | +0.6% |
5+ Bedrooms | $1.7M | $1.5M | -8.2% |
Summary: Lavallette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Lavallette | $845K | $920K | +8.9% |
Toms River Township | $368.4K | $382.7K | +3.9% |
Housing Supply in Lavallette, NJ
How many homes are available in Lavallette, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 55 | -19.1% |
Summary: The Lavallette real estate market had 55 homes for sale in May 2024, a 19.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 18 | -25.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Lavallette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 7 | -61.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lavallette in May 2024, down by 61.1% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Lavallette, NJ
How long does it take to sell a home in Lavallette, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 26 Days | -53.1% |
Summary: Homes in Lavallette had an average of 26 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Lavallette; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.