$5,699 Closing Credit*
$479,900
2,700 SqFt
4 Beds
•2 Full Baths, 1 Partial
Thomas Garuccio, Listing Office: Real Brokerage Technologies, Inc.
Is Bay Village, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bay Village has remained a Seller's Market.
Key Takeaway
Bay Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay Village, OH
How much do homes in Bay Village, OH cost?
Median Sold Price
$380,250
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,250(+4.2%)
Key Takeaway
Homes in Bay Village have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Bay Village was $380,250 in October 2024, up 4.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | - | N/A |
| 2 Bedrooms | $363K | $278K | -23.4% |
| 3 Bedrooms | $319.9K | $330K | +3.1% |
| 4 Bedrooms | $477.5K | $496K | +3.9% |
| 5+ Bedrooms | $522.5K | $703K | +34.5% |
Summary: Bay Village 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 decreased by 23.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Bay Village | $365K | $380.2K | +4.2% |
| Rocky River | $346K | $360K | +4.0% |
Housing Supply in Bay Village, OH
How many homes are available in Bay Village, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The Bay Village real estate market had 43 homes for sale in October 2024, a 14.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 19 | 14 | -26.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Bay Village 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 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Village, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Bay Village in October 2024, the same as the previous month. Of the 15 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Bay Village, OH
How long does it take to sell a home in Bay Village, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 15 Days | -41.4% |
Summary: Homes in Bay Village had an average of 15 days on market in Oct 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Bay Village; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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