Is Bayville, 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, Bayville was a Seller's Market.
Housing Prices in Bayville, NJ
How much do homes in Bayville, NJ cost?
Median Sold Price
$503,750
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bayville was $503,750 in May 2024, up 18.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226K | $265K | +17.3% |
2 Bedrooms | $330K | $347K | +5.2% |
3 Bedrooms | $415K | $465K | +12.0% |
4 Bedrooms | $544K | $617.4K | +13.5% |
5+ Bedrooms | $652.5K | $599K | -8.2% |
Summary: Bayville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Pine Beach | $400K | $507.5K | +26.9% |
Bayville | $424K | $503.7K | +18.8% |
Ocean Gate | $360K | $425K | +18.1% |
Berkeley Township | $315K | $336.5K | +6.8% |
Beachwood | $395K | $420K | +6.3% |
Housing Supply in Bayville, NJ
How many homes are available in Bayville, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 114 | +0.9% |
Summary: The Bayville real estate market had 114 homes for sale in May 2024, a 0.9% increase 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 | 31 | 34 | +9.7% |
3 Bedrooms | 31 | 37 | +19.4% |
4 Bedrooms | 44 | 39 | -11.4% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Bayville 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 9.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bayville in May 2024, the same as the previous month. Of the 19 sold homes, 21% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for Bayville, NJ
How long does it take to sell a home in Bayville, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +21.9% |
Summary: Homes in Bayville had an average of 39 days on market in May 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Bayville; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.