$4,869 Closing Credit*
$410,000
1,458 SqFt
2 Beds
•2 Full Baths, 1 Partial
Martha Rodriguez, Listing Office: Luxe Properties
Is Lakes by the Bay, 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, Lakes by the Bay was a Seller's Market.
Key Takeaway
Lakes by the Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakes by the Bay, FL
How much do homes in Lakes by the Bay, FL cost?
Median Sold Price
$502,500
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+6.9%)
Key Takeaway
Homes in Lakes by the Bay have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Lakes by the Bay was $502,500 in November 2024, up 6.9% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $230K | -5.0% |
| 2 Bedrooms | $270K | $325.5K | +20.6% |
| 3 Bedrooms | $436K | $485K | +11.2% |
| 4 Bedrooms | $589.5K | $650K | +10.3% |
| 5+ Bedrooms | $600K | $675K | +12.5% |
Summary: Lakes by the Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakes by the Bay | $470K | $502.5K | +6.9% |
| The Isles at Bayshore | $420K | $425K | +1.2% |
Housing Supply in Lakes by the Bay, FL
How many homes are available in Lakes by the Bay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 74 | -2.6% |
Summary: The Lakes by the Bay real estate market had 74 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Lakes by the Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakes by the Bay, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lakes by the Bay in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Lakes by the Bay, FL
How long does it take to sell a home in Lakes by the Bay, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 64 Days | +77.1% |
Summary: Homes in Lakes by the Bay had an average of 64 days on market in Nov 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakes by the Bay has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Lakes by the Bay; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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