Is Bayville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayville is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Bayville was a Neutral Market.

Key Takeaway

Bayville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bayville, NY

How much do homes in Bayville, NY cost?

Median Sold Price

$850,000

$437/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$150,000(+21.4%)

Key Takeaway

Homes in Bayville have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Bayville was $850,000 in September 2024, up 21.4% from last year, and the median price per square foot was $437.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $497.5K$629K
+26.4%
3 $647.5K$787.5K
+21.6%
4 $785K$1.1M
+43.6%
5+ $825K$850K
+3.0%

Summary: Bayville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Bayville
+21.4%
Oyster Bay
+11.4%

Housing Supply in Bayville, NY

How many homes are available in Bayville, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1822+22.2%

Summary: The Bayville real estate market had 22 homes for sale in September 2024, a 22.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 67
+16.7%
4 38
+166.7%
5+ 65
-16.7%

Summary: The Bayville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Bayville in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Bayville, NY

How long does it take to sell a home in Bayville, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days13 Days-38.1%

Summary: Homes in Bayville had an average of 13 days on market in Sep 2024, down by 38.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bayville are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Bayville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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