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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baywood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Baywood, CA

How much do homes in Baywood, CA cost?

Median Sold Price

$2,587,500

$1,073/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$232,500(+9.9%)

Key Takeaway

Homes in Baywood have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Baywood was $2,587,500 in October 2024, up 9.9% from last year, and the median price per square foot was $1,073.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $610K$510K
-16.4%
2 $1.3M$1.5M
+15.5%
3 $2.6M$2.9M
+12.7%
4 $3.5M$3.3M
-4.9%
5+ $3.1M$4.0M
+29.8%

Summary: Baywood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 29.8%.

Housing Supply in Baywood, CA

How many homes are available in Baywood, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
25250.0%

Summary: The Baywood real estate market had 25 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1310
-23.1%
3 67
+16.7%
4 34
+33.3%
5+ 23
+50.0%

Summary: The Baywood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baywood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Baywood in October 2024, up by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Baywood, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days25 Days+13.0%

Summary: Homes in Baywood had an average of 25 days on market in Oct 2024, up by 13% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Baywood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Baywood; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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