Is Buena Vista Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Buena Vista Township has remained a Seller's Market.
Key Takeaway
Buena Vista Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buena Vista Township, NJ
How much do homes in Buena Vista Township, NJ cost?
Median Sold Price
$280,543
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buena Vista Township have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Buena Vista Township was $280,543 in May 2024, up 7.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $131K | N/A |
| 2 Bedrooms | $203K | $176K | -13.3% |
| 3 Bedrooms | $240K | $281K | +17.1% |
| 4 Bedrooms | $341.2K | $313K | -8.3% |
| 5+ Bedrooms | $200K | - | N/A |
Summary: Buena Vista Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Buena Vista Township | $260K | $280.5K | +7.9% |
| Buena | $257K | $247K | -3.9% |
Housing Supply in Buena Vista Township, NJ
How many homes are available in Buena Vista Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Summary: The Buena Vista Township real estate market had 31 homes for sale in May 2024, a 18.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Buena Vista Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buena Vista Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Buena Vista Township in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Buena Vista Township, NJ
How long does it take to sell a home in Buena Vista Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 22 Days | -26.9% |
Summary: Homes in Buena Vista Township had an average of 22 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buena Vista Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Buena Vista Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.