Is Bay Pines, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bay Pines is a buyer's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

Bay Pines is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bay Pines, FL

How much do homes in Bay Pines, FL cost?

Median Sold Price

$365,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$750(+0.2%)

Key Takeaway

The sold price of homes in Bay Pines has remained the same since last year.

Summary: The median home sold price in Bay Pines was $365,000 in August 2024, up 0.2% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $145K$135K
-6.9%
2 $278K$302.5K
+8.8%
3 $475K$475K
0.0%
4 $468K$470K
0.4%
5+ --
N/A

Summary: Bay Pines housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Orange Estates
+0.6%
Bay Pines
0.2%

Housing Supply in Bay Pines, FL

How many homes are available in Bay Pines, FL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
5249-5.8%

Summary: The Bay Pines real estate market had 49 homes for sale in August 2024, a 5.8% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 99
0.0%
2 2826
-7.1%
3 1312
-7.7%
4 22
0.0%
5+ 00
0.0%

Summary: The Bay Pines housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bay Pines, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Bay Pines in August 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Bay Pines, FL

How long does it take to sell a home in Bay Pines, FL?

Average Sale Time

Aug 2023Aug 2024CHANGE
15 Days15 Days0.0%

Summary: Homes in Bay Pines had an average of 15 days on market in Aug 2024, the same as last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 1 homes were sold in Bay Pines; 100% of homes were sold within 30 days, 0% 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 26 Days Ago

Newest Listings in Bay Pines, FL

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