Is Baychester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baychester is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Baychester has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Baychester, NY

How much do homes in Baychester, NY cost?

Median Sold Price

$565,000

$395/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$122,500(-17.8%)

Key Takeaway

Homes in Baychester have sold for 17.8% less than they did a month ago.

Summary: The median home sold price in Baychester was $565,000 in October 2024, down 17.8% from last month, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$520K
N/A
3 $502.5K$650K
+29.4%
4 $775K$565K
-27.1%
5+ $860K-
N/A

Summary: Baychester housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes did not change.

Housing Supply in Baychester, NY

How many homes are available in Baychester, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3032+6.7%

Summary: The Baychester real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 1213
+8.3%
4 88
0.0%
5+ 76
-14.3%

Summary: The Baychester 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 increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baychester, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Baychester in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Baychester, NY

How long does it take to sell a home in Baychester, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
64 Days95 Days+47.9%

Summary: Homes in Baychester had an average of 95 days on market in Oct 2024, up by 47.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Baychester; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 14 Days Ago

Newest Listings in Baychester, NY

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