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

August 2017

Median Sale Price
$246,000

 DOWN -35.19%
vs. Month Ago
Homes for Sale


  %
vs. Month Ago
Homes Sold
8

 DOWN -42.85%
vs. Month Ago
Avg Days on Market
38

 DOWN -19.14%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $246,000. The median sales price for homes in August fell by ($133,605) compared to last month. This represents a 35.19% decrease from July. Compared to the same month last year, the median price of homes fell by ($114,000) representing a -31.66% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale remained level in August to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % 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

The inventory of homes for sale remained level in August to . Compared to the same month last year when there were homes for sale, the inventory of homes for sale has did not change representing a % 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.

Avg Days on Market

The average days on market for a home sold in August (38) decreased by 9 days compared to July. This represents a 19.14% decrease 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 32, a -45.71% 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

The Sale/List Price Ratio of 94.44% in August rose by 0.38% compared to July and decreased 1.37% 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

The number of homes listed in August (11) rose by 2 compared to July, a 22.22% change. Compared to August 2016, the number of new listings increased by 1, a 10% 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 Homes

The median list price in August was $434,900. The median list price for homes in August rose by $56,900 compared to last month. This represents a 15.05% increase from July. Compared to the same month last year, the median list price of homes increased $62,450 representing a 16.76% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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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