Is Lavallette, 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, Lavallette has remained a Seller's Market.
Housing Prices in Lavallette, NJ
How much do homes in Lavallette, NJ cost?
Median Sold Price
$910,000
$841/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lavallette was $910,000 in April 2024, up 7.1% from last year, and the median price per square foot was $841.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399.9K | $325K | -18.7% |
2 Bedrooms | $570K | $609.5K | +6.9% |
3 Bedrooms | $875K | $880K | +0.6% |
4 Bedrooms | $1.2M | $1.2M | +0.9% |
5+ Bedrooms | $1.5M | $1.7M | +10.5% |
Summary: Lavallette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Lavallette | $850K | $910K | +7.1% |
Toms River Township | $369.9K | $379.9K | +2.7% |
Housing Supply in Lavallette, NJ
How many homes are available in Lavallette, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 68 | +6.3% |
Summary: The Lavallette real estate market had 68 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Lavallette 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 increased by 20%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lavallette in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Lavallette, NJ
How long does it take to sell a home in Lavallette, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 51 Days | -8.1% |
Summary: Homes in Lavallette had an average of 51 days on market in Apr 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Lavallette; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.