Is Bay View, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bay View has remained a Seller's Market.
Key Takeaway
Bay View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay View, WA
How much do homes in Bay View, WA cost?
Median Sold Price
$651,500
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bay View have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Bay View was $651,500 in April 2024, up 12.3% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432.3K | - | N/A |
| 2 Bedrooms | $408K | $474.5K | +16.3% |
| 3 Bedrooms | $602.5K | $665K | +10.4% |
| 4 Bedrooms | $664.5K | $1.1M | +65.5% |
| 5+ Bedrooms | $1.1M | $599.9K | -47.5% |
Summary: Bay View 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 increased by 16.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 65.5%, and 5+ bedroom homes decreased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Burlington | $455K | $522.5K | +14.8% |
| Bay View | $580K | $651.5K | +12.3% |
| Swinomish Reservation | $480K | $500K | +4.2% |
| Bow | $710K | $672K | -5.4% |
Housing Supply in Bay View, WA
How many homes are available in Bay View, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Bay View real estate market had 10 homes for sale in April 2024, a 16.7% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bay View 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 decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay View, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Bay View in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Bay View, WA
How long does it take to sell a home in Bay View, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 2 Days | -95.0% |
Summary: Homes in Bay View had an average of 2 days on market in Apr 2024, down by 95% 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
Key Takeaway
Many homes in Bay View are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Bay View; 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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.