LAKES BY THE BAY JAY
Homes for Sale in , FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Lakes By The Bay Jay is pricing in a market that has softened. The median sale sits at $402,000, down 9.7% year over year, and homes are taking a median of 58 days to close — well past what a brisk market would show. With only 11 closings in the current window, pricing here is sensitive to each individual sale, so comparable selection matters more than usual.
A market heat score this low points to a buyer's market: inventory is sitting, and sellers who price against last year's numbers are the ones stalling. For buyers, that translates into room to negotiate on price and terms. For sellers, it means the listing needs to be priced to today's data, not to where the market was a year ago.
LAKES BY THE BAY JAY right now
🔴 Off the recent peak. The trailing-12-month median ($402K) is down 9.7% from the prior 12 months ($445K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level miami closed sales, 12-month windows ending July 20. Confidence: Medium (11 and 6 sales in the two windows).
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Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
LAKES BY THE BAY JAY market snapshot (as of July 20, 2026): the median sale price is about $402K ($250 per sq ft over the trailing 12 months of closed sales), and a median 58 days on market for closed sales. The trailing-12-month median is down 10% from the prior 12 months, computed from record-level miami closed sales (11 closings in the current window).
This is a smaller-volume market where price per square foot ($250.33) gives a more stable read than the median alone, given how few closings are informing the numbers.
Who LAKES BY THE BAY JAY is best for.
Best for
- A buyer with flexibility on timeline who wants to negotiate from a position of leverage.
- A buyer focused on value per square foot rather than a specific home's list price.
- An investor comfortable underwriting off thin, sale-by-sale data rather than a stable trend line.
Probably not for
- A buyer who needs shared community amenities as part of the purchase decision.
- A seller expecting last year's price levels to hold.
- A buyer who needs a quick, low-uncertainty closing timeline.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($402K) IS the median in the snapshot above, and the move from 2025 ($445K) IS the -9.7% one-year change.
Windows contain 0 to 22 sales each (11 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
The LAKES BY THE BAY JAY buying strategy.
If we were buying in LAKES BY THE BAY JAY today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in LAKES BY THE BAY JAY.
A market correcting in real time
The year-over-year decline of 9.7% is the headline number here, and it is not a rounding error — it reflects a genuine shift in what buyers are willing to pay. Paired with a median 58 days on market, this is not a community where homes are moving quickly at asking price. Sellers testing the top of the range are the ones most likely to see extended time on market.
With only 11 closings feeding the current snapshot, no single sale should be read as gospel for what a specific home is worth. The price-per-square-foot figure of $250.33 is the more durable data point for underwriting an offer or a listing price, since it normalizes for size differences across a thin sample. No community amenities are listed in current MLS data, so value here is being driven by the homes themselves — condition, layout, lot — rather than shared features.
The location and the amenities are priced into every listing in LAKES BY THE BAY JAY. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume, declining market, the comps get harder to read, not easier — a handful of sales can swing the median in either direction. We pull the underlying sales, not just the headline number, so an offer or a list price is built on what is actually closing, not a stale year-over-year average.
LAKES BY THE BAY JAY in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a LAKES BY THE BAY JAY buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed LAKES BY THE BAY JAY sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in LAKES BY THE BAY JAY, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your LAKES BY THE BAY JAY home worth?
Get a no-obligation home value based on real comparable sales in LAKES BY THE BAY JAY, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in LAKES BY THE BAY JAY?
How long do homes in LAKES BY THE BAY JAY take to sell?
Do cash buyers compete in LAKES BY THE BAY JAY?
Who is the best real estate agent for LAKES BY THE BAY JAY?
How do I find a top real estate agent who knows LAKES BY THE BAY JAY?
Can Momentum Realty connect me with an agent for LAKES BY THE BAY JAY?
Should you buy in LAKES BY THE BAY JAY?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2012 (110 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of miami records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the miami member average and 8 days faster, and we’ll price yours against live your area comps.
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