Is Beverly, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Beverly was a Seller's Market.
Key Takeaway
Beverly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Beverly, NJ
How much do homes in Beverly, NJ cost?
Median Sold Price
$296,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Beverly have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Beverly was $296,000 in May 2024, up 20.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $132.5K | +7.3% |
| 2 Bedrooms | $175K | $240K | +37.1% |
| 3 Bedrooms | $250K | $322K | +28.8% |
| 4 Bedrooms | $335K | $342.5K | +2.2% |
| 5+ Bedrooms | $349.9K | $300K | -14.3% |
Summary: Beverly housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 37.1%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $261.5K | $325K | +24.3% |
| Beverly | $245K | $296K | +20.8% |
| Riverside | $308K | $340.3K | +10.5% |
| Bensalem Township | $379K | $395K | +4.2% |
| Bensalem | $375K | $386.5K | +3.1% |
Housing Supply in Beverly, NJ
How many homes are available in Beverly, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The Beverly real estate market had 41 homes for sale in May 2024, a 10.8% increase 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Beverly 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 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beverly, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Beverly in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Beverly, NJ
How long does it take to sell a home in Beverly, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 15 Days | -62.8% |
Summary: Homes in Beverly had an average of 15 days on market in May 2024, down by 62.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beverly are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Beverly; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
