$7,838 Closing Credit*
$660,000
1,980 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cassandra King, Listing Office: COMPASS FLORIDA LLC
Is Bay Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bay Hill was a Seller's Market.
Key Takeaway
Bay Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Hill, FL
How much do homes in Bay Hill, FL cost?
Median Sold Price
$905,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$180,050(+24.8%)
Key Takeaway
Homes in Bay Hill have sold for 24.8% more than they did a year ago.
Summary: The median home sold price in Bay Hill was $905,000 in October 2024, up 24.8% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $372.5K | -32.3% |
| 3 Bedrooms | $552K | $680K | +23.2% |
| 4 Bedrooms | $825K | $795K | -3.6% |
| 5+ Bedrooms | $1.7M | $1.5M | -7.5% |
Summary: Bay Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.3%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in Bay Hill, FL
How many homes are available in Bay Hill, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Summary: The Bay Hill real estate market had 37 homes for sale in October 2024, a 11.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Bay Hill 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 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were 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 Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bay Hill in October 2024, down by 80.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bay Hill, FL
How long does it take to sell a home in Bay Hill, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 66 Days | +850.0% |
Summary: Homes in Bay Hill had an average of 66 days on market in Oct 2024, up by 850% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bay Hill has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Bay Hill; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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