$3,551 Closing Credit*
$299,000
1,345 SqFt
2 Beds
•2 Full Baths
joseph kisner, Listing Office: Nationwide Homes Realty
Is Beverly, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Beverly was a Neutral Market.
Key Takeaway
Beverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beverly, NJ
How much do homes in Beverly, NJ cost?
Median Sold Price
$290,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,100(+3.6%)
Key Takeaway
Homes in Beverly have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Beverly was $290,000 in November 2024, up 3.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $158K | +21.5% |
| 2 Bedrooms | $180K | $220K | +22.2% |
| 3 Bedrooms | $315K | $340K | +7.9% |
| 4 Bedrooms | $335K | $370K | +10.4% |
| 5+ Bedrooms | $280K | $345.5K | +23.4% |
Summary: Beverly housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $303K | $335K | +10.6% |
| Riverside | $326.7K | $354.5K | +8.5% |
| Bensalem Township | $382K | $412.7K | +8.0% |
| Bensalem | $375.9K | $405.7K | +7.9% |
| Beverly | $279.9K | $290K | +3.6% |
Housing Supply in Beverly, NJ
How many homes are available in Beverly, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 62 | +3.3% |
Summary: The Beverly real estate market had 62 homes for sale in November 2024, a 3.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Beverly housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beverly, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Beverly in November 2024, up by 200.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 28% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +57.6% |
Summary: Homes in Beverly had an average of 28 days on market in Nov 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 18 homes were sold in Beverly; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
