Is Bay, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bay was a Neutral Market.
Key Takeaway
Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay, MA
How much do homes in Bay, MA cost?
Median Sold Price
$265,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bay have sold for 4% more than they did a year ago.
Summary: The median home sold price in Bay was $265,000 in April 2024, up 4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | - | N/A |
| 3 Bedrooms | $234K | $225K | -3.8% |
| 4 Bedrooms | $258.5K | $220K | -14.9% |
| 5+ Bedrooms | $283K | $324K | +14.5% |
Summary: Bay 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 did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper Hill | $251.2K | $295K | +17.4% |
| Pine Point | $240K | $261K | +8.8% |
| Bay | $254.7K | $265K | +4.0% |
| East Springfield | $255K | $265K | +3.9% |
| McKnight | $260K | $265K | +1.9% |
Housing Supply in Bay, MA
How many homes are available in Bay, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Bay real estate market had 10 homes for sale in April 2024, a 25.0% increase 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 | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Bay 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Bay in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Bay, MA
How long does it take to sell a home in Bay, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +32.4% |
Summary: Homes in Bay had an average of 22 days on market in Apr 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Bay; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
