Is Marina Bay, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marina Bay is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Marina Bay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marina Bay, CA

How much do homes in Marina Bay, CA cost?

Median Sold Price

$605,000

$551/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$21,944(-3.5%)

Key Takeaway

Homes in Marina Bay have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Marina Bay was $605,000 in September 2024, down 3.5% from last year, and the median price per square foot was $551.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $400K$420K
+5.0%
2 $595.7K$598.5K
0.5%
3 $790K$790K
0.0%
4 $983.5K-
N/A
5+ --
N/A

Summary: Marina Bay housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 0.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Marina Bay, CA

How many homes are available in Marina Bay, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3139+25.8%

Summary: The Marina Bay real estate market had 39 homes for sale in September 2024, a 25.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 56
+20.0%
2 1819
+5.6%
3 712
+71.4%
4 12
+100.0%
5+ 00
0.0%

Summary: The Marina Bay housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marina Bay, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Marina Bay in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Marina Bay, CA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days18 Days-38.5%

Summary: Homes in Marina Bay had an average of 18 days on market in Sep 2024, down by 38.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Marina Bay; 83% of homes were sold within 30 days, 17% 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 Sep 1, 2024

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