$6,234 Closing Credit*
$525,000
658 SqFt
1 Bed
•1 Full Bath
Irene V Allegro, Listing Office: Allegro Agency
Is Avon-by-the-Sea, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Avon-by-the-Sea has remained a Seller's Market.
Key Takeaway
Avon-by-the-Sea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avon-by-the-Sea, NJ
How much do homes in Avon-by-the-Sea, NJ cost?
Median Sold Price
$1,630,000
$819/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$235,000(+16.8%)
Key Takeaway
Homes in Avon-by-the-Sea have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Avon-by-the-Sea was $1,630,000 in November 2024, up 16.8% from last year, and the median price per square foot was $819.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $492.5K | $505K | +2.5% |
| 2 Bedrooms | $889K | $1.1M | +32.2% |
| 3 Bedrooms | $1.2M | $600K | -51.0% |
| 4 Bedrooms | $2.5M | $2.2M | -10.2% |
| 5+ Bedrooms | $2.7M | $3.3M | +18.7% |
Summary: Avon-by-the-Sea housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes decreased by 51%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Belmar | $682K | $810K | +18.8% |
| Bradley Beach | $900K | $1.0M | +18.6% |
| Avon-by-the-Sea | $1.3M | $1.6M | +16.8% |
| Neptune Township | $500K | $530.8K | +6.2% |
| Neptune City | $465.4K | $482.5K | +3.7% |
Housing Supply in Avon-by-the-Sea, NJ
How many homes are available in Avon-by-the-Sea, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Avon-by-the-Sea real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Avon-by-the-Sea housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Avon-by-the-Sea, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Avon-by-the-Sea in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Avon-by-the-Sea, NJ
How long does it take to sell a home in Avon-by-the-Sea, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 68 Days | +122.2% |
Summary: Homes in Avon-by-the-Sea had an average of 68 days on market in Nov 2024, up by 122.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Avon-by-the-Sea are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Avon-by-the-Sea; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.