Is Bayonet Point, 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, Bayonet Point has remained a Seller's Market.
Key Takeaway
Bayonet Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bayonet Point, FL
How much do homes in Bayonet Point, FL cost?
Median Sold Price
$235,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bayonet Point have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Bayonet Point was $235,000 in April 2024, down 2.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $75K | -60.1% |
| 2 Bedrooms | $219.9K | $220K | 0.0% |
| 3 Bedrooms | $275K | $275K | 0.0% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $305K | $350K | +14.8% |
Summary: Bayonet Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.1%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Jasmine Estates | $240K | $240.7K | 0.3% |
| Bayonet Point | $240K | $235K | -2.1% |
| Hudson | $348K | $324.6K | -6.7% |
| Parkwood Acres | $315.5K | $289.9K | -8.1% |
Housing Supply in Bayonet Point, FL
How many homes are available in Bayonet Point, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 274 | 294 | +7.3% |
Summary: The Bayonet Point real estate market had 294 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 174 | 187 | +7.5% |
| 3 Bedrooms | 84 | 89 | +6.0% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bayonet Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 68 | +44.7% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bayonet Point, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Bayonet Point in April 2024, up by 44.7% month-over-month. Of the 68 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.
Days on Market for Bayonet Point, FL
How long does it take to sell a home in Bayonet Point, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 51 Days | +19.9% |
Summary: Homes in Bayonet Point had an average of 51 days on market in Apr 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bayonet Point are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 68 homes were sold in Bayonet Point; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.