Bayside, WI Real Estate

The Village of Bayside, Wisconsin is the most northeastern community in Milwaukee County. High-quality living and a tranquil atmosphere are just some of the perks of being a resident of this village; located on the shores of Lake Michigan. Awarded the first “Green Community of the Year” by the Milwaukee Business Journal, Bayside prides itself on promoting an environmentally friendly village. With more than 4,100 citizens spread out over 2.3 square miles, Bayside is predominately residential and offers spectacular views and a small town environment. The village is instilled with a history that dates back to the Potawatomi Native American settlement in the 1800s. Bayside is serviced by I-43 allowing for easy travel to the area’s premier destinations. Located 15 minutes away from downtown Milwaukee, Bayside is an attractive place to settle for those who want to have easy access to the metropolitan area.

The Bayside area offers prime real estate for new home buyers to families searching for a place to settle. Established homes in the area are in distinct neighborhoods and were built in the 1950s-1970s. The area contains predominately suburban neighborhoods and subdivisions.  Condominiums and Townhouses are also popular around the village area. The average cost of a house in Bayside is $338,720.

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Positioned on the shores of Lake Michigan, Bayside offers many recreational opportunities for residents. People can boat, swim and fish. The main attraction in Bayside is the Schiltz Audubon Nature Center that dates back to the late 1800s. Originally named Nine Mile Farm, the center was approximately nine miles from either Schiltz Brewery, or Wisconsin Avenue. The land was donated by the Schiltz Foundation for a nature center in 1971. Ellsworth Park provides an excellent area for the family to enjoy. The park has a baseball diamond, pavilion and tennis courts for people of all ages to take pleasure in. Ellsworth is also the scene for many social events in the area.

The Bayside community provides annual events at Ellsworth Park for the whole family. The Annual Picnic is an event that offers food, drinks, games and music. There is also a local singing competition held during the picnic. The village also hosts “Fright Night”; a Halloween party for the community. The party offers a costume judging, games, refreshments and a bonfire. Another fantastic event is the Fourth of July Parade and Music in the Park. The village encourages residents to come out and join their neighbors; to encourage participants and listen to live music in the summer.

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The village’s area was first settled by Potowatomi Native Americans who fished and hunted in the area. The Native Americans left in 1845 using the Sauk Indian Trail (Port Washington Road). Bayside was incorporated in 1953 when a small group of residents requested that their small town be annexed by the City of Milwaukee.

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Bayside properties for sale

Market Conditions
Market Conditions for Bayside - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for Bayside

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $307,000. The median sales price for homes in November fell by ($50,500) compared to last month. This represents a 14.12% decrease from October. Compared to the same month last year, the median price of homes fell by ($38,000) representing a -11.01% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 3 in November to 16. This represents 15.78% decrease from October when 19 homes were on the market. Compared to the same month last year when there were 33 homes for sale, the inventory of homes for sale has fallen by 17 representing a -51.51% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 4 homes sold in November was the same as in October. Compared to the same month last year, the number of homes sold decreased by 1, a -20% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in November (24) increased by 13 days compared to October. This represents a 118.18% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 20, a -45.45% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 99.51% in November rose by 2.04% compared to October and increased 3.81% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in November (6) fell by 4 compared to October, a 40% change. Compared to November 2018, the number of new listings decreased by 3, a -33.33% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in November was $462,450. The median list price for homes in November rose by $85,050 compared to last month. This represents a 22.53% increase from October. Compared to the same month last year, the median list price of homes increased $102,550 representing a 28.49% year-over-year increase.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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