Is Avalon, PA 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, 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
$175,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Avalon have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Avalon was $175,500 in March 2024, down 2.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $86.5K | +15.3% |
| 2 Bedrooms | $94K | $141.5K | +50.5% |
| 3 Bedrooms | $175K | $180K | +2.9% |
| 4 Bedrooms | $230K | $225K | -2.2% |
| 5+ Bedrooms | $263.2K | $278K | +5.6% |
Summary: Avalon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 50.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $210K | $235K | +11.9% |
| Ross Township | $250K | $265.2K | +6.1% |
| Avalon | $180K | $175.5K | -2.5% |
Housing Supply in Avalon, PA
How many homes are available in Avalon, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Summary: The Avalon real estate market had 29 homes for sale in March 2024, a 38.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Avalon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Avalon in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 45 Days | -51.2% |
Summary: Homes in Avalon had an average of 45 days on market in Mar 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Avalon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Avalon; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
