$5,201 Closing Credit*
$438,000
915 SqFt
1 Bed
•1 Full Bath
Greg Novak, Listing Office: Red Oak Realty
Is Marina Bay, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Marina Bay was a Buyer's Market.
Key Takeaway
Marina Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marina Bay, CA
How much do homes in Marina Bay, CA cost?
Median Sold Price
$602,500
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-0.9%)
Key Takeaway
Homes in Marina Bay have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Marina Bay was $602,500 in November 2024, down 0.9% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $413.7K | $415K | 0.3% |
| 2 Bedrooms | $595K | $598.5K | +0.6% |
| 3 Bedrooms | $790K | $783.7K | -0.8% |
| 4 Bedrooms | $1.4M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marina Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 0.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Marina Bay real estate market had 39 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marina Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marina Bay, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Marina Bay in November 2024, up by 120.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 47 Days | +1075.0% |
Summary: Homes in Marina Bay had an average of 47 days on market in Nov 2024, up by 1075% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marina Bay are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Marina Bay; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.