Is Bayville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bayville has remained a Seller's Market.
Housing Prices in Bayville, NJ
How much do homes in Bayville, NJ cost?
Median Sold Price
$496,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bayville was $496,000 in April 2024, up 16.7% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226K | $265K | +17.3% |
2 Bedrooms | $327.4K | $347K | +6.0% |
3 Bedrooms | $415K | $465K | +12.0% |
4 Bedrooms | $544.5K | $620K | +13.9% |
5+ Bedrooms | $650K | $599K | -7.8% |
Summary: Bayville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
Ocean Gate | $341K | $425K | +24.6% |
Bayville | $425K | $496K | +16.7% |
Berkeley Township | $315K | $335.4K | +6.5% |
Beachwood | $395K | $420K | +6.3% |
Housing Supply in Bayville, NJ
How many homes are available in Bayville, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 103 | -14.2% |
Summary: The Bayville real estate market had 103 homes for sale in April 2024, a 14.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 32 | 31 | -3.1% |
3 Bedrooms | 34 | 27 | -20.6% |
4 Bedrooms | 42 | 39 | -7.1% |
5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The Bayville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 18 | -45.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Bayville in April 2024, down by 45.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Bayville, NJ
How long does it take to sell a home in Bayville, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 32 Days | -42.9% |
Summary: Homes in Bayville had an average of 32 days on market in Apr 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Bayville; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.