Is Bayview, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayview is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bayview was a Seller's Market.

Key Takeaway

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

Housing Prices in Bayview, CA

How much do homes in Bayview, CA cost?

Median Sold Price

$870,000

$630/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$37,500(-4.1%)

Key Takeaway

Homes in Bayview have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Bayview was $870,000 in October 2024, down 4.1% from last year, and the median price per square foot was $630.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $534K$509.5K
-4.6%
2 $784.5K$730K
-6.9%
3 $992K$945K
-4.7%
4 $1.0M$1.1M
+0.8%
5+ $1.0M$1.1M
+7.6%

Summary: Bayview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 7.6%.

Housing Supply in Bayview, CA

How many homes are available in Bayview, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9491-3.2%

Summary: The Bayview real estate market had 91 homes for sale in October 2024, a 3.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1413
-7.1%
2 3533
-5.7%
3 2628
+7.7%
4 1212
0.0%
5+ 75
-28.6%

Summary: The Bayview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Bayview in October 2024, down by 38.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Bayview, CA

How long does it take to sell a home in Bayview, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days59 Days+50.6%

Summary: Homes in Bayview had an average of 59 days on market in Oct 2024, up by 50.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bayview has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Bayview; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 16 Days Ago

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