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 October 2021

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.

How much do homes in Bayville, NY cost?

Median Sold Price

$627,500

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$117,500(-15.8%)

Key Takeaway

Homes in Bayville have sold for 15.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$335K
N/A
2 $445K$555K
+24.7%
3 $635K$615K
-3.1%
4 $840K$674.5K
-19.7%
5+ $800K$716.5K
-10.4%

Median Sold Price Compared To Nearby Cities

Lattingtown
+39.9%
Oyster Bay
+7.4%
Bayville
-15.8%

How many homes are available in Bayville, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
33330.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 66
0.0%
3 119
-18.2%
4 1011
+10.0%
5+ 67
+16.7%

Number of Homes Sold

Sep 2022Oct 2022%
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
45 Days17 Days-62.0%

Breakdown of Home Sale Times

3 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.

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

About Bayville, NY

There are 33 homes are for sale in Bayville, NY real estate market. Listings spent 17 days on the market in October 2022, and had a median list price of $627,500 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 24.7% more expensive, 3 bedrooms properties became 3.1% more cheaper, prices of 4 bedrooms properties went down by 19.7%, the cost of 5 bedrooms properties went down by 10.4%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 18.2%, volume of 4 bedrooms homes went up by 10%, 5 bedrooms homes inventory increased by 16.7%. Over 2 listings were sold over their listed price in October 2022 in Bayville, NY. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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