Is Bay Village, MA 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, Bay Village was a Seller's Market.
Key Takeaway
Bay Village is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bay Village, MA
How much do homes in Bay Village, MA cost?
Median Sold Price
$1,349,000
$1,179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bay Village have sold for 27.1% less than they did a year ago.
Summary: The median home sold price in Bay Village was $1,349,000 in March 2024, down 27.1% from last year, and the median price per square foot was $1,179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $850K | $855K | +0.6% |
| 2 Bedrooms | $1.4M | $1.3M | -7.3% |
| 3 Bedrooms | $2.7M | $2.3M | -15.6% |
| 4 Bedrooms | $1.5M | $4.0M | +152.0% |
| 5+ Bedrooms | $2.8M | $890K | -68.9% |
Summary: Bay Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 152%, and 5+ bedroom homes decreased by 68.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Ellis | $1.3M | $1.3M | -0.5% |
| Bay Village | $1.8M | $1.3M | -27.1% |
Housing Supply in Bay Village, MA
How many homes are available in Bay Village, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Bay Village real estate market had 19 homes for sale in March 2024, a 46.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Bay Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 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 Village, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bay Village in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bay Village, MA
How long does it take to sell a home in Bay Village, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 104 Days | 101 Days | -2.2% |
Summary: Homes in Bay Village had an average of 101 days on market in Mar 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bay Village are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Bay Village; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
