Is Avalon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Avalon has remained a Seller's Market.
Key Takeaway
Avalon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avalon, PA
How much do homes in Avalon, PA cost?
Median Sold Price
$190,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Avalon have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Avalon was $190,000 in May 2024, up 8.6% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $88.2K | +5.7% |
| 2 Bedrooms | $98.9K | $141.2K | +42.8% |
| 3 Bedrooms | $175K | $182.5K | +4.3% |
| 4 Bedrooms | $225K | $245K | +8.9% |
| 5+ Bedrooms | $239K | $305K | +27.6% |
Summary: Avalon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 42.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $210K | $230K | +9.5% |
| Avalon | $175K | $190K | +8.6% |
| Ross Township | $252.8K | $270.5K | +7.0% |
Housing Supply in Avalon, PA
How many homes are available in Avalon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Avalon real estate market had 24 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Avalon 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 increased by 200%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avalon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Avalon in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 29 Days | -26.5% |
Summary: Homes in Avalon had an average of 29 days on market in May 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avalon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Avalon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
