Is Bay Village, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bay Village is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Bay Village has remained a Seller's Market.

Key Takeaway

Bay Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bay Village, OH cost?

Median Sold Price

$340,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$40,375(+13.5%)

Key Takeaway

Homes in Bay Village have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $142.5K$115K
-19.3%
2 $209.9K$230K
+9.6%
3 $257.2K$303.1K
+17.8%
4 $377.6K$437.5K
+15.9%
5+ $455.1K$561K
+23.3%

Median Sold Price Compared To Nearby Cities

Bay Village
+13.5%
Rocky River
+8.9%
Westlake
+8.6%
Avon
0.0%
Avon Lake
-0.4%

How many homes are available in Bay Village, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
7163-11.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 01
+100.0%
2 74
-42.9%
3 2931
+6.9%
4 3126
-16.1%
5+ 41
-75.0%

Number of Homes Sold

Aug 2022Sep 2022%
2622-15.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bay Village, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
43 Days13 Days-69.9%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bay Village 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 Bay Village, OH

Bay Village, OH has 63 homes on the market. In September 2022 in Bay Village, OH there were 11.3% less homes for sale than in August 2022. Listings spent 13 days on the market in September 2022, and had a median list price of $340,000 during the same period. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 19.3% more cheaper, the cost of 2 bedrooms properties went up by 9.6%, prices of 3 bedrooms properties went up by 17.8%, 4 bedrooms properties became 15.9% more expensive, 5 bedrooms properties prices increased by 23.3%. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% more available, number of 2 bedrooms homes decreased by 42.9%, 3 bedrooms homes became 6.9% more available, number of 4 bedrooms homes decreased by 16.1%, volume of 5 bedrooms homes went down by 75%. In September 2022, from all listings sold in Bay Village, OH there were more than 11 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price.

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