Is Avalon, NJ 08202 a buyer’s or seller’s market?

The Avalon housing market right now

In the three months ending August 31, 2026, 8% of homes in Avalon, NJ 08202 sold above their list price, the typical home went under contract in 61 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold faster (82 days then) and the median sale price rose 20% to $3,273,583. Overall, Avalon is more competitive than a year ago, so tougher for buyers.

Within Cape May County, homes here sell faster than in 58% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Avalon ranks #438 of 444 NJ ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Stone Harbor 08247 (0% sold over asking) or Cape May Point 08212 (0% sold over asking), while Rio Grande 08242 (33% sold over asking) and Cape May Court House 08210 (25% sold over asking) are even more competitive.