The median list price in BAYVILLE, NJ 08721 this week is $285,000 Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall condition are weakening a bit.
Suppy and Demand
While prices have been a a plateau for a number of weeks, this is a Buyer's market and the supply of homes listed has started growing relative to demand. This indication that prices could easily resume a downward trend in conjuction with the MAI ( Market Action Index). Prices are unlikely to move significantly higher until there is a persistent upward shirt in the MAI.
Real-Time Market Profile
|Median List Price||$285,000|
|Asking Price Per Square Foot||$158|
|Average Days on Market (DOM)||171|
|Percent of Properties with Price Decrease||23%|
|Percent Relisted (reset DOM)||38%|
|Percent Flip (price increased)||1 %|
|Median House Size (sq ft)||1700|
|Median Lot Size||8,002-10,000 sq ft|
|Median Number of Bedrooms||3.0|
|Median Number of Bathrooms||2.0|
|Market Action Index - Strong Buyer||21.4|
Home Characteristics per Quartile
Investagate the market in quartiles - where each quartile is 25% of homes ordered by price.
|Quartile||Median Price||Sq. Ft.||Lot Size||Beds||Baths||Age||Inventory||New||Absorbed||Dom|
|Top/First||$ 469,000||2561||6,500-8000sqft||4.0||3.0||14||67||4||3||220||Most expensive 25% of properties|
|Upper/Second||$ 329,900||2060||8,001-10,000sqft||4.0||2.1||18||67||7||1||236||Upper-middle 25% of properties|
|Lower/Third||$ 242,450||1588||8,001-10,000sqft||3.0||2.0||29||68||3||6||124||Lower-middle 25% of properties|
|Bottom/Fourth||$ 151,000||1257||8,001-10,000sqft||2.0||1.0||46||68||6||4||106||Least expensive 25% of properties|