Is Bay Terraces, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bay Terraces has remained a Seller's Market.
Housing Prices in Bay Terraces, CA
How much do homes in Bay Terraces, CA cost?
Median Sold Price
$660,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bay Terraces was $660,000 in April 2024, up 5.6% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $401K | +9.9% |
2 Bedrooms | $470K | $497.5K | +5.9% |
3 Bedrooms | $610K | $640K | +4.9% |
4 Bedrooms | $705K | $795K | +12.8% |
5+ Bedrooms | $800K | $807.5K | +0.9% |
Summary: Bay Terraces housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
Skyline | $665K | $722.5K | +8.6% |
Southeastern San Diego | $649.9K | $700K | +7.7% |
Bay Terraces | $625K | $660K | +5.6% |
Paradise Hills | $685K | $715K | +4.4% |
Housing Supply in Bay Terraces, CA
How many homes are available in Bay Terraces, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Bay Terraces real estate market had 38 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bay Terraces housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Bay Terraces in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% were sold over asking.
Days on Market for Bay Terraces, CA
How long does it take to sell a home in Bay Terraces, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -50.9% |
Summary: Homes in Bay Terraces had an average of 8 days on market in Apr 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Bay Terraces; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.