Is Bay Hill, FL 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 Hill has remained a Seller's Market.
Key Takeaway
Bay Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay Hill, FL
How much do homes in Bay Hill, FL cost?
Median Sold Price
$905,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bay Hill have sold for 37.1% more than they did a year ago.
Summary: The median home sold price in Bay Hill was $905,000 in April 2024, up 37.1% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369K | $634.4K | +71.9% |
| 3 Bedrooms | $550K | $580K | +5.5% |
| 4 Bedrooms | $805K | $850K | +5.6% |
| 5+ Bedrooms | $1.4M | $1.7M | +22.0% |
Summary: Bay Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 22%.
Housing Supply in Bay Hill, FL
How many homes are available in Bay Hill, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Summary: The Bay Hill real estate market had 39 homes for sale in April 2024, a 17.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Bay Hill 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 increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Hill, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bay Hill in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Bay Hill, FL
How long does it take to sell a home in Bay Hill, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 35 Days | -37.0% |
Summary: Homes in Bay Hill had an average of 35 days on market in Apr 2024, down by 37% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bay Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Bay Hill; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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