Is Avon-by-the-Sea, NJ 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, Avon-by-the-Sea was a Buyer's Market.
Key Takeaway
Avon-by-the-Sea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avon-by-the-Sea, NJ
How much do homes in Avon-by-the-Sea, NJ cost?
Median Sold Price
$1,725,000
$836/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avon-by-the-Sea have sold for 70.8% more than they did a year ago.
Summary: The median home sold price in Avon-by-the-Sea was $1,725,000 in April 2024, up 70.8% from last year, and the median price per square foot was $836.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $441K | $500K | +13.4% |
| 2 Bedrooms | $630K | $889K | +41.1% |
| 3 Bedrooms | $999K | $1.2M | +29.1% |
| 4 Bedrooms | $1.7M | $2.4M | +40.7% |
| 5+ Bedrooms | $2.7M | $3.2M | +17.4% |
Summary: Avon-by-the-Sea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 41.1%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Avon-by-the-Sea | $1.0M | $1.7M | +70.8% |
| Neptune Township | $450K | $529K | +17.6% |
| Belmar | $645K | $747.5K | +15.9% |
| Bradley Beach | $800K | $910.2K | +13.8% |
| Neptune City | $448.5K | $495K | +10.4% |
Housing Supply in Avon-by-the-Sea, NJ
How many homes are available in Avon-by-the-Sea, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Avon-by-the-Sea real estate market had 8 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Avon-by-the-Sea housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avon-by-the-Sea, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Avon-by-the-Sea in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Avon-by-the-Sea, NJ
How long does it take to sell a home in Avon-by-the-Sea, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 111 Days | +2120.0% |
Summary: Homes in Avon-by-the-Sea had an average of 111 days on market in Apr 2024, up by 2120% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Avon-by-the-Sea are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Avon-by-the-Sea; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.