Is Bayou Oaks, 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, Bayou Oaks has remained a Seller's Market.
Key Takeaway
Bayou Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bayou Oaks, FL
How much do homes in Bayou Oaks, FL cost?
Median Sold Price
$251,250
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bayou Oaks have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Bayou Oaks was $251,250 in April 2024, down 3.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $226K | +2.7% |
| 2 Bedrooms | $254.5K | $248.5K | -2.4% |
| 3 Bedrooms | $352K | $225K | -36.1% |
| 4 Bedrooms | $290K | $367.4K | +26.7% |
| 5+ Bedrooms | - | $625K | N/A |
Summary: Bayou Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 36.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Amaryllis Park | $238K | $250K | +5.0% |
| Bayou Oaks | $260K | $251.2K | -3.4% |
Housing Supply in Bayou Oaks, FL
How many homes are available in Bayou Oaks, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Summary: The Bayou Oaks real estate market had 35 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bayou Oaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bayou Oaks, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bayou Oaks in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Bayou Oaks, FL
How long does it take to sell a home in Bayou Oaks, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 43 Days | +88.7% |
Summary: Homes in Bayou Oaks had an average of 43 days on market in Apr 2024, up by 88.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bayou Oaks are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Bayou Oaks; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.