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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baywood is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Baywood has remained a Seller's Market.

Key Takeaway

Baywood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Baywood, NY

How much do homes in Baywood, NY cost?

Median Sold Price

$545,000

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+9.0%)

Key Takeaway

Homes in Baywood have sold for 9% more than they did a year ago.

Summary: The median home sold price in Baywood was $545,000 in October 2024, up 9% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $413.9K$461.2K
+11.4%
3 $500K$515K
+3.0%
4 $500K$562.5K
+12.5%
5+ $500K$670K
+34.0%

Summary: Baywood 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 increased by 11.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Neighborhoods

West Islip
+15.0%
North Bay Shore
+14.5%
Deer Park
+10.4%
Baywood
+9.0%
Bay Shore
+8.7%

Housing Supply in Baywood, NY

How many homes are available in Baywood, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3035+16.7%

Summary: The Baywood real estate market had 35 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1417
+21.4%
4 1111
0.0%
5+ 46
+50.0%

Summary: The Baywood 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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Baywood in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Baywood, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days39 Days+98.9%

Summary: Homes in Baywood had an average of 39 days on market in Oct 2024, up by 98.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Baywood; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Baywood, NY

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