Is Bay View, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bay View was a Seller's Market.
Key Takeaway
Bay View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay View, WA
How much do homes in Bay View, WA cost?
Median Sold Price
$653,250
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bay View have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Bay View was $653,250 in May 2024, up 10.7% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $432.3K | - | N/A |
| 2 Bedrooms | $399K | $542.2K | +35.9% |
| 3 Bedrooms | $612.5K | $665K | +8.6% |
| 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 May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 65.5%, and 5+ bedroom homes decreased by 47.5%.
Median Sold Price Compared To Nearby Cities
| Burlington | $460K | $512K | +11.3% |
| Bay View | $590K | $653.2K | +10.7% |
| Bow | $675K | $690K | +2.2% |
| Swinomish Reservation | $490K | $499.5K | +1.9% |
Housing Supply in Bay View, WA
How many homes are available in Bay View, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Summary: The Bay View real estate market had 17 homes for sale in May 2024, a 70.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 10 | +150.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bay View housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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 View, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Bay View in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 93 Days | 11 Days | -88.2% |
Summary: Homes in Bay View had an average of 11 days on market in May 2024, down by 88.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 May 2024, 1 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.