$7,778 Closing Credit*
$655,000
2,138 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kim Lam, LLC, Listing Office: BHHS FLORIDA REALTY
Is Bay Hill, FL 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, 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
$910,250
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$142,750(+18.6%)
Key Takeaway
Homes in Bay Hill have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Bay Hill was $910,250 in November 2024, up 18.6% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $385K | -17.2% |
| 3 Bedrooms | $575K | $700K | +21.7% |
| 4 Bedrooms | $850K | $800K | -5.9% |
| 5+ Bedrooms | $1.5M | $1.5M | +1.7% |
Summary: Bay Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Bay Hill, FL
How many homes are available in Bay Hill, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Bay Hill real estate market had 39 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Bay Hill 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bay Hill in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 50 Days | +252.9% |
Summary: Homes in Bay Hill had an average of 50 days on market in Nov 2024, up by 252.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bay Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bay Hill; 50% of homes were sold within 30 days, 0% 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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