Bay Village Real Estate Market Summary

Information provided by Northern Ohio Regional Multiple Listing Service

Overall, the Bay Village housing market took a bit of a dip from last year.  44 homes sold in the first quarter of 2018.  The average sale price of $252,249,  decreased about $32,000 from 2017.  That number took a dip due to the highest sale price, which was 1.6 million in 2017 and the highest sale so far this year being $550,000.  Homes spent on average 72 days on the market before they sold, but 16% were under contract in less than 2 weeks. At the peak of last years market, many homes were selling within the first week.  Overall, homes sold at 96% of their list price, with about 60%  selling at or above over asking price.