Is Avenel, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Avenel has remained a Seller's Market.
Housing Prices in Avenel, NJ
How much do homes in Avenel, NJ cost?
Median Sold Price
$440,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Avenel was $440,000 in March 2024, up 9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445K | $75K | -83.1% |
2 Bedrooms | $315K | $335K | +6.3% |
3 Bedrooms | $405K | $445K | +9.9% |
4 Bedrooms | $465K | $510K | +9.7% |
5+ Bedrooms | $600K | $538.5K | -10.3% |
Summary: Avenel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
Port Reading | $445.1K | $495K | +11.2% |
Woodbridge Township | $425K | $467K | +9.9% |
Avenel | $403.5K | $440K | +9.0% |
Rahway | $415K | $440K | +6.0% |
Carteret | $425K | $450K | +5.9% |
Housing Supply in Avenel, NJ
How many homes are available in Avenel, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The Avenel real estate market had 19 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Avenel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Avenel in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Avenel, NJ
How long does it take to sell a home in Avenel, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 26 Days | -32.2% |
Summary: Homes in Avenel had an average of 26 days on market in Mar 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Avenel; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.