Is Bay Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bay Island was a Seller's Market.
Key Takeaway
Bay Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Island, FL
How much do homes in Bay Island, FL cost?
Median Sold Price
$2,850,000
$791/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Bay Island have sold for 16.3% more than they did a month ago.
Summary: The median home sold price in Bay Island was $2,850,000 in April 2024, up 16.3% from last month, and the median price per square foot was $791.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.2M | $2.3M | +81.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $4.6M | $3.4M | -26.9% |
Summary: Bay Island housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 81.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 26.9%.
Housing Supply in Bay Island, FL
How many homes are available in Bay Island, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Summary: The Bay Island real estate market had 27 homes for sale in April 2024, a 22.9% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Bay Island 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 decreased by 33.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bay Island in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bay Island, FL
How long does it take to sell a home in Bay Island, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 Days | 12 Days | -90.5% |
Summary: Homes in Bay Island had an average of 12 days on market in Apr 2024, down by 90.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay Island are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Bay Island; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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