Is Lakes by the Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lakes by the Bay was a Seller's Market.
Housing Prices in Lakes by the Bay, FL
How much do homes in Lakes by the Bay, FL cost?
Median Sold Price
$485,500
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakes by the Bay was $485,500 in March 2024, up 12.9% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177K | $242K | +36.7% |
2 Bedrooms | $260K | $284K | +9.2% |
3 Bedrooms | $408.5K | $452.5K | +10.8% |
4 Bedrooms | $562.5K | $600K | +6.7% |
5+ Bedrooms | $600K | $647K | +7.8% |
Summary: Lakes by the Bay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
Monterey Lakes | $542K | $660K | +21.8% |
Lakes by the Bay | $430K | $485.5K | +12.9% |
The Isles at Bayshore | $390K | $423.7K | +8.7% |
Housing Supply in Lakes by the Bay, FL
How many homes are available in Lakes by the Bay, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 71 | +7.6% |
Summary: The Lakes by the Bay real estate market had 71 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 38 | 46 | +21.1% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lakes by the Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lakes by the Bay in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lakes by the Bay, FL
How long does it take to sell a home in Lakes by the Bay, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 29 Days | -38.8% |
Summary: Homes in Lakes by the Bay had an average of 29 days on market in Mar 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Lakes by the Bay; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.